MONTREAL, Oct 31 (Reuters) - Canadian airplane and practice maker Bombardier Inc BBDb.TO reported a
MONTREAL, Oct 31 (Reuters) – Canadian airplane and practice maker Bombardier Inc BBDb.TO reported a 46.4% decline in quarterly core revenue on Thursday, weighed down by greater prices because it spent extra on stepping up manufacturing of its flagship World 7500 enterprise jets.
The Montreal-based firm reported $143 million in earnings earlier than curiosity and taxation (EBIT) for the quarter ended Sept. 30, in contrast with $267 million a yr earlier.
Bombardier is in the midst of a broader restructuring, shedding underperforming industrial airplane packages to give attention to its extra worthwhile enterprise jet and rail models.
It confronted a money crunch in 2015 after investing closely to convey two new planes to market.
(Reporting By Allison Lampert in Montreal; Modifying by Shinjini Ganguli)
(([email protected]; 514-796-4212; Reuters Messaging: [email protected]))
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