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Embraer widens losses, maintains 2023 commercial aircraft delivery target
May 8th 2023
Embraer has reported a net loss of US$70.8 million for the three months to March 31 against a net loss of US$31.7 million in the same quarter in 2022. Read More » Revenue rose 19.3%, to US$716.7 million, Embraer said in a regulatory filing. The Brazil-headquartered aerospace manufacturer is maintaining its target of 65 to 70 commercial aircraft deliveries in 2023, up from 57 in 2022. Embraer CEO, Francisco Gomes Neto, said the company expects higher delivery and sale activities, as well as improved results, in the months ahead.
