Bombardier reports smaller adjusted loss on steady business jet demand

div classBodysc17zpet90 cdBBJodivpReuters – Business jet maker Bombardier Inc on Thursday reported a smaller quarterly adjusted loss, benefiting from higher jet demand as more wealthy travelers flew private due to the pandemic.p

pCorporate jet makers are reporting swelling orders, with more affluent passengers taking charter planes for safety reasons as well as fewer options with airlines cutting routes due to staff shortage and higher fuel costs.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pBombardiers firstquarter free cash flow from continuing operations, a metric closely watched by investors, was 173 million, compared with an outflow of 405 million a year earlier.p

pThe company reported an adjusted loss of 3 cents per share, compared with a loss of 7 cents per share, a year earlier.p

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pp Reporting By Allison Lampert in Montreal and Abhijith Ganapavaram in Bengaluru Editing by Shinjini Gangulip

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