FILE PHOTO: The Canadian Pacific railyard is pictured in Port Coquitlam.
Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today announced record second-quarter revenues of $1.98 billion, an increase of 13 percent from last year, and record earnings per share (EPS) with reported diluted EPS of $5.17 or $4.30 on an adjusted diluted EPS basis.
“I commend the team for this record second-quarter performance,” said CP President and Chief Executive Officer Keith Creel. “These results demonstrate the strength of precision scheduled railroading and are a testament to our collective commitment to deliver for our customers and the broader economy.”
SECOND-QUARTER HIGHLIGHTS
Revenues increased by 13 percent to $1.98 billion from $1.75 billion last year
Reported
diluted EPS of $5.17, a 70 percent increase from $3.04 last year, and
adjusted diluted EPS of $4.30, a 36 percent increase from $3.16 last
year
Operating ratio was a second-quarter record 58.4 percent, a
580 basis point improvement over last year’s second-quarter operating
ratio of 64.2 percent
“This quarter, we saw revenue growth across every line of business, strong operating metrics, and our best-ever second-quarter performance from a workload perspective, as measured by Gross Ton-Miles,” said Creel. “As has been proven time and again, our operating model can perform well in all economic conditions and we will remain disciplined in controlling our costs and doing what we said we would do. Our strategy for sustainable, profitable growth is working and we look forward to a strong finish to 2019.”
CP will discuss its results with the financial community in a conference call beginning at 9:30 a.m. eastern time (7:30 a.m. mountain time) today.
Conference Call Access
Toronto participants dial in number: 1-647-427-7450
Callers should dial in 10 minutes prior to the call.
Webcast
We encourage you to access the webcast and presentation material in the Investors section of CP’s website at investor.cpr.ca A replay of the second-quarter conference call will be available by phone through to July 30, 2019 at 416-849-0833 or toll-free 1-855-859-2056, password 8144989.
July 2, 2019 Montréal Aviation, Business Aircraft, Press Release
Newest Learjet gives light jet passengers the freedom to stretch out with a six-seat configuration in the category’s longest cabin
The Learjet 75 Liberty is a step up for light jet operators, delivering better performance for the same operating costs as the competition
With a list price of $9.9 million U.S., the Learjet 75 Liberty puts the world’s best light jet within reach of more customers than ever
The Learjet 75 Liberty is expected to enter service in 2020
Bombardier is proud to unveil the Learjet 75 Liberty, offering more light jet operators than ever before the opportunity to step up into the iconic platform that launched business aviation in America.
Passengers who step into the six-seat Learjet 75 Liberty will have the freedom to stretch out in the only Executive Suite in the light jet category, aboard a stunning cabin that delivers the quietest and smoothest ride.
The Learjet 75 Liberty will be offered at a list price of $9.9 million U.S., with first deliveries expected in 2020. This exceptional value proposition represents a new frontier for the Learjet brand.
“The Learjet 75 Liberty represents a step up for customers in the light jet segment, with unprecedented spaciousness and Bombardier’s renowned smooth ride,” said David Coleal, President, Bombardier Aviation. “The newest member of the Learjet family delivers a flight experience that eclipses the competition.”
The Learjet 75 Liberty offers better performance at the same operating costs as competitor aircraft. The Learjet 75 Liberty is the fastest aircraft in the light jet segment and has a greater reach than the competition. Its range of 2,080 nautical miles can connect Las Vegas to New York, Seattle to Washington, D.C., and Mexico City to San Francisco, nonstop.*
Featuring a flat floor throughout the cabin, a standard pocket door between the cockpit and the Executive Suite providing the quietest flight experience and a Gogo ATG 4G solution for seamless connectivity, the Learjet 75 Liberty offers an environment tailored for productivity.**
The Learjet 75 Liberty aircraft is certified to the FAA’s more stringent Part 25 regulations, applicable to commercial airliners, unlike most competitors in the light jet category that are certified to Part 23 regulations.
Learjet aircraft are preferred by pilots for their impressive handling characteristics and outstanding performance. The Learjet 75 Liberty will feature the advanced Bombardier Vision flight deck, and include the recently announced Garmin G5000 avionics upgrade.
Proudly assembled by a world-class team in Wichita, Kansas, Learjet aircraft represent the pinnacle of American ingenuity.
“I’m extremely proud that the Learjet 75 Liberty will be built in Wichita, where the Learjet dream first took flight,” said Tonya Sudduth, Vice President of Operations and Wichita Site, Bombardier Aviation. “Our Wichita facility today has a diverse mandate supporting Bombardier’s extensive fleet of business aircraft, but to introduce the newest member of this iconic brand is of special significance to our team.”
WICHITA, Kan. (July 1, 2019) – Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, today announced that the Garmin International G5000 integrated flight deck is now available for the Cessna Citation Excel and Citation XLS. The G5000 modernizes the cockpit, solves parts obsolescence and addresses mandate requirements, while also offering a lower cost of operation.
“The Citation Excel and Citation XLS continue to be two of the most popular business jets in the world,” said Kriya Shortt, Textron Aviation senior vice president, Global Customer Support. “The G5000 will modernize the cockpit to offer customers additional situational awareness, lower cost of operation and an improved in-flight experience in the aircraft they already know and love.”
The G5000 integrated flight deck for the Citation Excel and Citation XLS features three landscape-oriented displays with split-screen capability, intuitive touchscreen controllers, and geo-referenced Garmin SafeTaxi airport diagrams. New to the Citation Excel, emergency descent mode is available as a standard feature with the G5000 and is enabled by the autopilot in the event of a loss in aircraft pressurization. Additionally, operators gain access to more airports and lower approach minimums throughout the world as the G5000 has PBN/RNP 0.3 with LPV/APV approach capability.
The G5000 integrated flight deck upgrade is available immediately for Citation Excel and Citation XLS aircraft at Textron Aviation Service Centers and select Garmin dealers.
WICHITA, KS (June 27, 2019) – Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, celebrated its leadership of the light jet segment with the delivery of the 300th Cessna Citation CJ4, the industry’s top performing aircraft in this segment. The milestone aircraft was delivered today to McNeilus Steel, based in Dodge Center, Minnesota.
“The Citation CJ4 continues to be a standout in the light jet segment due to its combination of high performance, low operating costs and class-leading cabin amenities,” said Rob Scholl, Textron Aviation senior vice president, Sales and Marketing. “Our light jet product range, led by the Citation CJ4, continues to pace this segment globally in terms of deliveries, primarily because customers appreciate what they get in terms of productivity and value.”
Founded in 1948, McNeilus Steel is a family owned metals distribution business and employs more than 450 people across locations in Dodge Center, Minnesota, Fargo, North Dakota, and Fond du Lac, Wisconsin. McNeilus is upgrading to full ownership of a CJ4, having been a fractional owner of a Cessna Citation CJ1+ since 2016.
“Our reputation is built on customer service and our Citation CJ4 will help us strengthen that reputation through even more personal interaction with our customers,” said Levi McNeilus, director of Purchasing at McNeilus.
Introduced in 2010, the Citation CJ4 is the largest of the Cessna light jet family of aircraft that includes the Citation CJ3+ and the Citation M2. The CJ4 allows customers to go further with the leading range-to-payload ratio and a best-in-class IFR range of 1,926 nautical miles (3,567 km) with a maximum cruise speed of 451 knots (true airspeed).
The CJ4 is certified for single pilot operation, has seating for nine passengers and includes a notable 1,040-pound baggage capability. Other features include single point refueling, an externally serviceable lavatory and excellent range, delivering what crew and cabin passengers appreciate.
Leading the light jet segment
Cessna Citations continue to lead this segment, with over 5,000 light jets delivered throughout the world, offering customers the broadest range of products on the market. From the popular entry level Cessna Citation M2, to the upgraded efficiency and comfort of the CJ3+ and the leading CJ4, Textron Aviation’s Citation family of light business jets has evolved to offer a range of capabilities, systems and options unmatched in its class.
Major fleet upgrade with nine modern turboprops providing increased seat capacity, lowest operating costs and best environmental performance
Toulouse, 26 June, 2019 – TAROM, the Romanian national air carrier, will introduce nine new ATR 72-600 aircraft, the market-leading product of the world’s number one regional aircraft manufacturer, into its fleet. The ATR 72-600 will be leased from NAC, the world’s number one regional aircraft lessor. Deliveries will commence in October 2019 through to 2020.
TAROM has been very successful in its domestic market operations by using ATRs to allow it to compete with low cost carriers. This upgrade will ensure that the airline is equipped with the latest generation of turboprops burning 40% less fuel and emitting 40% less CO2 than regional jets.
New ATRs will offer TAROM an additional 330,000 seats every year at the same operating cost as its previous seat level, improving short haul connectivity in Romania and supporting the development of local and more isolated communities. This will provide TAROM with the possibility to further expand and consolidate their position in the market.
TAROM Chief Executive Officer Madalina Mezei said: “We have selected ATR after a comprehensive review of competing aircraft, with the ATR 72-600’s demonstrating they are the best aircraft to meet our ambitious targets regarding efficiency, modern technology and environmental responsibility. With this aircraft, we will be able to develop new routes and increase frequency and seat availability, whilst introducing the highest levels of comfort and the latest technology into our domestic network.”
“We are very proud to welcome TAROM as our newest customer,” said Martin Møller, Chairman of Nordic Aviation Capital “we are confident that the ATR 72-600 aircraft will ensure efficiency in their network for many years to come. We thank TAROM for the confidence they have placed in NAC, and we look forward to building and strengthening our relationship with them in the future.”
Stefano Bortoli, Chief Executive Officer of ATR commented: “TAROM is among Europe’s most experienced ATR operators. We are proud to see this long-time customer renew its partnership with the ATR 72-600, the regional aircraft with the best environmental credentials. TAROM made its selection after a vigorous evaluation and in selecting the ATR 72-600 they chose more efficiency, more flexibility and more capacity, for long-term benefits.”
TAROM and ATR have been working together for 20 years. The Romanian national airline operates a fleet of 25 aircraft, including seven ATR 42-500’s and two ATR 72-500’s which are now to be traded in for the announced nine 72-600’s.
About TAROM: The Romanian National Air Transport Company TAROM has been established in 1954 and grew at the same time as Romanian aviation. TAROM’s activity is subordinated to the authority of the Ministry of Transports. TAROM is member of the Alliance SkyTeam starting from June 2010, member of the International Air Transport Association (IATA) starting from 1993.
P3 completed 34 flights in Sicily, reaching an overall 100 flight test hours. Flight envelope has been opened beyond 10,000 feet and at an airspeed of 135 knots.
In March 2019, Kopter transferred its third prototype (P3) together with a team composed of 20 flight test engineers, pilots and mechanics to Sicily to set up an additional flight test base in Pozzallo.
Pozzallo provides the perfect operational conditions to conduct the SH09 intensive flight test campaign needed in the frame of certification. It offers very limited restrictions and favorable weather conditions throughout the year, while giving the opportunity to experience a demanding climate with hot temperatures, high humidity, strong winds and a salty atmosphere.
Since its arrival and over a period of two months, the flight test crew performed 34 flights with P3, allowing the aircraft to reach around 100 flight test hours. In this timeframe, the first major inspection has been carried out successfully.
The major outcome is the opening of the SH09 flight envelope up to 10,000 feet altitude and up to a speed of 135 knots. During all flights, P3 performed as expected and generated a large volume of valuable data that is being used to finalize the design of the serial production SH09.
The next phase of the flight test campaign, after implementing some aerodynamic refinements further improving P3 handling qualities and the retrofit of the main gear box housing, will see P3 going higher, faster and further. It will allow gathering the remaining data needed to finalize the configuration of Pre-Series aircrafts n°4 and n°5 (PS4 & PS5), which will contribute to the certification flights next year.
2020 remains the target for EASA certification. Kopter management and team are fully committed to deliver the SH09 with the highest levels of safety, performance, flight qualities and competitiveness.
BERWYN, Pa., June 11, 2019 /PRNewswire/ — Triumph Group, Inc. (NYSE:TGI) announced today at the Uber Elevate Summit in Washington, D.C. that its Triumph Aerospace Structures business unit has entered into a non-binding memorandum of understanding (MOU) with Jaunt Air Mobility to provide engineering services in support of Jaunt’s all electric Vertical Takeoff and Landing (eVTOL) concept air vehicle. Triumph will support Jaunt’s efforts to develop and build a full-scale demonstration aircraft based on Jaunt’s reduced rotor operating speed aircraft (ROSA™) in support of urban air mobility (UAM) operations.
Triumph Group Logo (PRNewsfoto/Triumph Group)
“Working with Jaunt and our other partners, Triumph will help bring ROSA to reality,” said Kaydon Stanzione, CEO of Jaunt Air Mobility. “Triumph’s experience in innovative structural design is essential for streamlining future certification of Jaunt’s unique configuration.”
“We are excited to be a key contributor to Jaunt’s new air vehicle concept. Triumph’s experience in aircraft design, development, and certification, demonstrates the capabilities required to bring the Jaunt eVTOL air vehicle to reality, and achieve their program milestones consistent with the growing market potential for eVTOL aircraft and Uber’s vision for all-electric, on-demand aviation,” said Michael G. Engers, Vice President, Strategy and Business Development.
Triumph Aerospace Structures will design the aircraft structure to optimize weight, cost, and producibility in support of the program. The engineering services will be provided at Triumph’s Technology and Engineering Center in Arlington, Texas.
About Jaunt Air Mobility
Jaunt Air Mobility LLC is a transformative aerospace company focused on developing advanced air vehicles that incorporate innovative technologies and management strategies providing the highest levels of operational efficiencies, safety, and community acceptance. We are the pioneer and world-leader in Reduced Rotor Operating Speed Aircraft (ROSA™) design and development. ROSA™ is the metamorphosis of the best features available from helicopters and fixed-wing airplanes. For more news and information on Jaunt Air Mobility; please visit www.jauntairmobility.com.
About Triumph Group
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, components and structures. The company serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators. More information about Triumph can be found on the company’s website at http://www.triumphgroup.com.
NEW YORK–(BUSINESS WIRE) – JetBlue Airways Corporation (NASDAQ:JBLU) today reported its results for the first quarter 2019:
Reported diluted earnings per share of $0.14 in the first quarter of 2019 compared to $0.28 in the first quarter of 2018. Adjusted diluted earnings per share was $0.16 in the first quarter of 2019 versus $0.26 in the first quarter of 2018. Note A to this earnings release includes the GAAP to Non-GAAP reconciliation between reported and adjusted diluted earnings per share.
GAAP pre-tax income of $58 million, a decline of 48.5% from $113 million in the first quarter of 2018. Excluding the one-time costs, adjusted pre-tax income of $70 million(1), a decline of 38.2% from the first quarter of 2018.
Pre-tax margin of 3.1%, inclusive of the one-time costs, a 3.3 point decline from the first quarter of 2018. Adjusted pre-tax margin of 3.7%(1), a 2.7 percentage point decline year over year.
Highlights from the First Quarter 2019
First quarter 2019 revenue per available seat mile (RASM) declined 3.1%, year over year, driven by holiday calendar placement, improved completion factor and certain areas of softness observed in the trough period. Excluding the 0.75 point impact from high completion factor, RASM declined 2.4% year over year, slightly better than the mid-point of our guidance range of down (3.5%) to down (1.5%).
Operating expenses per available seat mile, excluding fuel (CASM ex-fuel) (1) increased 0.9%, below the low end of our initial guidance range of 1.5% to 3.5%. This increase includes a benefit of approximately 0.75 points from improved completion factor.
Key Guidance for the Second Quarter and Full Year 2019:
Capacity is expected to increase between 4.5% and 6.5% year over year in the second quarter 2019. For the full year 2019, JetBlue expects capacity to increase between 4.5% and 6.5%.
RASM growth is expected to range between 1.0% and 4.0% for the second quarter 2019 compared to the same period in 2018. Our guidance includes a benefit of 2.25 points of impact related to the calendar placement shift of Easter and Passover between the first and second quarters of 2019.
CASM ex-fuel is expected to increase between 1.5% and 3.5% for the second quarter of 2019, principally driven by engine maintenance timing and the year-over-year impact of the pilot contract effective on August 1st, 2018. For the full year 2019, JetBlue continues to expect year over year CASM ex-fuel to be between flat and 2.0%.
For further details see the latest Investor Update and the First Quarter 2019 Earnings Presentation available via the internet at http://investor.jetblue.com.
JetBlue will conduct a conference call to discuss its quarterly earnings today, April 23, 2019 at 10:00 a.m. Eastern Time. A live broadcast of the conference call will also be available via the internet at http://investor.jetblue.com.
Executing our Plan to Reach our EPS Commitments “We are very proud of our team and the work they do every day to deliver the JetBlue experience. This quarter our financial performance was mainly impacted by the calendar placement of Easter and Passover holidays and, as disclosed in March, a softer revenue environment than initially expected,” said Robin Hayes, JetBlue’s Chief Executive Officer.
“In recent years we have repeatedly demonstrated our ability to adapt to the changing environment around us to achieve our margin commitments – and 2019 is proving to be no different. We believe we will successfully execute our five ‘building blocks’ introduced at our 2018 Investor Day, and we remain committed to our goal of delivering earnings per share between $2.50 and $3 dollars by 2020. We also continue to expect margin expansion in 2019, and to further expand our margins in 2020.”
“We believe our work will position us for success into the next decade. Next year we anticipate the first delivery of our margin-accretive A220s, a game-changing aircraft to further help us reduce our unit costs, improve our margins and increase our EPS. We are thrilled that we recently converted 13 A321s in our order book to A321 LRs, and we expect to begin our European service by adding London from Boston and New York starting in 2021,” said Joanna Geraghty, JetBlue’s President and Chief Operating Officer.
Revenue Performance and Outlook
First quarter RASM declined 3.1% year over year. Excluding the 0.75 point headwind from improved completion factor, RASM was slightly better than the mid-point of our guidance range of down (3.5%) to down (1.5%). “Our RASM was negatively impacted by three drivers: this year’s holiday calendar placement, improved completion factor, and certain areas of softness we observed in the trough period,” said Marty St. George, JetBlue’s EVP Commercial and Planning.
“Looking into the second quarter, we expect RASM growth between 1.0% and 4.0% year over year. Our guidance includes an anticipated 2.25 point positive impact of Easter/Passover holiday placement shift into April. March RASM showed clear signs of a weaker trough, which extended into the first half of April. The April peak, however, is showing the strength we had expected, and very early look at May and June points to sequential RASM acceleration.”
Cost Performance, Outlook and Balance Sheet
“Our first quarter CASM ex-fuel represents a unit cost increase below the mid-point of our guidance range. For the second quarter, we expect CASM ex-fuel growth to range between 1.5% and 3.5%. As a reminder, both our first quarter and second quarter guidance include an approximately three-point impact from our pilot contract signed last August,” said Steve Priest, JetBlue’s EVP Chief Financial Officer.
“We could not be prouder of the hard work across JetBlue to deliver on our commitments to hit our goals. We are encouraged by the CASM ex-fuel progress we made in the first quarter, and the progression we anticipate for the rest of the year. In the first half we will continue to digest our first pilot contract, and despite our capacity reduction from early March, our guidance range remains between 0 and 2 percent.”
Capital Allocation and Liquidity
JetBlue ended the quarter with approximately $876 million in unrestricted cash, cash equivalents, and short term investments, or about 11.3% of trailing twelve month revenue. In addition, at the end of the quarter, JetBlue maintained approximately $625 million in undrawn lines of credit. JetBlue repaid $133 million in regularly scheduled debt and capital lease obligations for the first quarter.
Fuel Expense and Hedging
The realized fuel price in the quarter was $2.05 per gallon, a 2.0% decline versus first quarter 2018 realized fuel price of $2.09.
JetBlue entered into forward fuel derivative contracts to hedge approximately 7% of its fuel consumption for the second quarter of 2019. Based on the fuel curve as of April 12th, JetBlue expects an average all-in price per gallon of fuel of $2.21 in the second quarter of 2019.
About JetBlue
JetBlue is New York’s Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 42 million customers a year to 100+ cities in the U.S., Caribbean, and Latin America with an average of more than 1,000 daily flights. For more information please visit jetblue.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 which represent our management’s beliefs and assumptions concerning future events. When used in this document and in documents incorporated herein by reference, the words “expects,” “plans,” “anticipates,” “indicates,” “believes,” “forecast,” “guidance,” “outlook,” “may,” “will,” “should,” “seeks,” “targets” and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks, uncertainties and assumptions, and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors, including, without limitation, our extremely competitive industry; volatility in financial and credit markets which could affect our ability to obtain debt and/or lease financing or to raise funds through debt or equity issuances; our significant fixed obligations and substantial indebtedness; volatility in fuel prices, maintenance costs and interest rates; our reliance on high daily aircraft utilization; our ability to implement our growth strategy; our ability to attract and retain qualified personnel and maintain our culture as we grow; our reliance on a limited number of suppliers; our dependence on the New York and Boston metropolitan markets and the effect of increased congestion in these markets; our reliance on automated systems and technology; our being subject to potential unionization, work stoppages, slowdowns or increased labor costs; our presence in some international emerging markets that may experience political or economic instability or may subject us to legal risk; reputational and business risk from information security breaches or cyber-attacks; changes in or additional domestic or foreign government regulation; changes in our industry due to other airlines’ financial condition; acts of war or terrorism; global economic conditions or an economic downturn leading to a continuing or accelerated decrease in demand for air travel; the spread of infectious diseases; adverse weather conditions or natural disasters; and external geopolitical events and conditions. It is routine for our internal projections and expectations to change as the year or each quarter in the year progresses, and therefore it should be clearly understood that the internal projections, beliefs and assumptions upon which we base our expectations may change prior to the end of each quarter or year.
Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. You should understand that many important factors, in addition to those discussed or incorporated by reference in this press release, could cause our results to differ materially from those expressed in the forward-looking statements. Potential factors that could affect our results include, in addition to others not described in this press release, those described in Item 1A of our 2018 Form 10-K under “Risks Related to JetBlue” and “Risks Associated with the Airline Industry”. In light of these risks and uncertainties, the forward-looking events discussed in this press release might not occur.
FILE PHOTO: A Union Pacific rail car is parked at a Burlington National Santa Fe (BNSF) train yard in Seattle, Washington, U.S., February 10, 2017. REUTERS/Chris Helgren
(Reuters) – Union Pacific Corp on Thursday reported a better-than-expected quarterly profit, as the U.S. railroad raised prices, helping offset the impact of severe winter weather and record flooding that damaged rails in the Midwest.
Shares rose 2.7 percent to $173.80 in premarket trading.
Union Pacific’s operating ratio, a measure of operating expenses as a percentage of revenue and a key metric for Wall Street, increased 1 point to 63.6 percent from a year ago.
A lower ratio means more efficiency and higher profitability.
Total operating revenue fell to $5.4 billion from $5.5 billion.
The Omaha, Nebraska-based company’s net income rose to $1.4 billion, or $1.93 per share, in the first-quarter ended March 31 from $1.31 billion, or $1.68 per share, a year earlier.
Analysts, on average, expected a profit of $1.89 per share and revenue of $5.50 billion, according to IBES data from Refinitiv.
Union Pacific and Berkshire Hathaway-owned BNSF are the largest U.S. freight rail operators with an annual revenue of more than $20 billion each.
(Reporting by Rachit Vats in Bengaluru and Lisa Baertlein in Los Angeles; Editing by Shailesh Kuber)
Toronto, March 29, 2019 – Bombardier
Commercial Aircraft announced today that a customer, who has requested
to remain unidentified at this time, has signed an order to acquire six
new Q400 aircraft.
Based on the list price of the Q400 aircraft, the firm order is valued at approximately US$ 202 million.
“The Q400 aircraft offers the perfect balance of passenger comfort
and operating economics while maintaining its unmatched range and speed
advantage versus other turboprops,” said Fred Cromer, President,
Bombardier Commercial Aircraft. “The demand for turboprop aircraft
worldwide is tremendous and the Q Series aircraft are ideally positioned
to meet the needs of regional airlines as they offer a unique ability
to serve diverse and challenging environments. The Q400 offers the
lowest seat costs amongst turboprops, with an enhanced passenger
experience and a proven 99.5 per cent reliability.”
About Bombardier
With over 68,000 employees across
four business segments, Bombardier is a global leader in the
transportation industry, creating innovative and game-changing planes
and trains. Our products and services provide world-class transportation
experiences that set new standards in passenger comfort, energy
efficiency, reliability and safety.
Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2018, Bombardier posted revenues of $16.2 billion US. The company is recognized on the 2019 Global 100 Most Sustainable Corporations in the World Index. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
