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Embraer lowers guidance for aircraft deliveries in 2024
November 11th 2024
Embraer has cut the number of commercial jets to be delivered this year to 70-73 aircraft, down from an earlier forecast of 72-80 airplanes. Read More » "Management believes the previous guidance no longer represents evenly balanced opportunities and risks for full-year operations,” Embraer said in its quarterly financial results. The company also has been impacted by engine shortages and supply chain disruptions. Embraer reported a net profit of US$178.8 million for the three months to September 30, up 79.9% from a US$99.4 million profit in the same quarter in 2023. Revenue improved 13.3%, to US$1.7 billion, the OEM said.
