Bombardier reports Q4 adjusted profit on higher aircraft margins

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Bombardier’s business jet revenue decreased 24% to $1.77 billion on fewer deliveries of aircraft.

However, Bombardier expects revenues to rise more than $6.5 billion in 2022 as higher-priced corporate planes account for a larger part of deliveries.

The Montreal-based company posted an adjusted net income of $80 million, or 3 cents per share, for the quarter ended Dec. 31, compared with a loss of 475 million, or 20 cents per share, a year earlier.

In 2021, Bombardier generated a cash flow of $100 million from continuing operations, a metric watched closely by investors. It expects free cash flow to be greater than $50 million in 2022.

Separately, the company said it would host its investor day virtually on Feb. 24.

(The story corrects revenue in second paragraph to $1.77 bln, not $1.87 bln)