Embraer Posts Loss in First Quarter 2019

Embraer released its financial report for the first three months of the year, posting a net loss of $42.5 million USD. Its performance dipped lower compared to the same quarter of 2018, when it reported a $37 million loss.

The Brazilian airframer’s revenue dropped by 14.3%, reaching $823.3 million. The company attributed this trend to the slowdown in commercial deliveries and weaker performance of its military business.

During the quarter, the company completed deliveries of 22 aircraft, evenly split between commercial and business models.

Source: Australian Aviation