Brazilian manufacturer Embraer posted a consolidated $10.2 million net loss for the first quarter of 2018, a reversal from the company’s $55.1 million net profit showing in the year-ago March quarter. Company-wide revenue for the quarter slipped 4.8% year-over-year to $992 million, while expenses fell 6.7% to $810.2 million, allowing for a gross profit of $181.8 million, up 4.7% year-over-year. Embraer’s commercial aviation segment posted $379.7 million in revenue for the ...

Subscribe to Access this Entire Article

"Embraer posts $10 million 1Q net loss; commercial revenue down 21%" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? Log in here.