Bombardier suffers dip in plane deliveries this year

City A.M. Reporter
BOMBARDIER expects a drop in aircraft deliveries and related profit margins in 2012, but the world’s third-biggest commercial plane maker said yesterday it is well positioned for any recovery in the aerospace sector, thanks to a growing number of customers for its new C-Series planes.

The company said its net profit was $214m (£134m) for the fourth quarter, or 12 cents a share, compared with $295m, or 16 cents a share, a year ago.

Revenue fell 23 per cent to $4.3bn at Bombardier, which competes with larger Airbus and Boeing.

Revenue at the transportation unit, which makes trains – including at several UK-based facilities – fell to $2.3bn for the three-month period ended 31 December, from $2.5bn for the same period last year.