Bombardier Posts Surprise Q2 Loss - CEO Say Future Is Challenging And Difficult To Predict
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"The next few quarters will be challenging and difficult to predict," Bombardier chief executive officer Éric Martel said on a conference call with analysts Thursday. "It is still unclear how the pandemic will unfold and what path the economic recovery will take."
Old problems are new again at Bombardier Inc.
The Montreal-based plane and train maker posted a surprise loss in its second quarter, hurt in part by higher costs in its rail business as the company continues to have trouble executing on several major legacy contracts.
The industrial manufacturer also shipped 40 per cent fewer jets in the quarter as the novel coronavirus pandemic rages on....
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