Bombardier revenues ramp up, even as private plane travel falls

The cash surge rode on a wave of plane deliveries and a swelling aftermarket — the services range from maintenance to parts sales and repair.

Martel and chief financial officer Bart Demosky reiterated that supply strains persisted and stressed the need to smooth out kinks in the chain. Amid that slower pace, Bombardier’s third-quarter backlog dipped by US$100 million to US$14.7 billion from the year before. But its book-to-bill — the ratio of orders received to deliveries billed, a key indicator of near-term demand — reached 1.1.

Its adjusted net income also shot up to US$80 million or 73 cents per share in the quarter, from a loss of US$2 million or 10 cents per share last year.

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