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BOMBARDIER TOPS PROFIT ESTIMATES ON HIGHER PRIVATE JET USAGE AND REPAIR DEMAND

  • NEWS Desk Global
  • May 1
  • 1 min read

Bombardier on Thursday beat Wall Street estimates for first-quarter profit, lifted by strong ‌demand for repair and maintenance services and increased private flying despite higher jet fuel prices. Shares of the Canadian business jet maker rose 21% on the day with the upbeat earnings report.

Revenue from services jumped 25% year-on-year to $617 million, driven by demand for parts and maintenance as Bombardier's global jet fleet expands, particularly in ​the United States.

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