Embraer Delivered 25 Jets In Q1, An Increase Of 67% Compared To The 15 Aircraft Delivered A Year Ago; Firm Order Backlog $21.1B
Portfolio Pulse from Benzinga Newsdesk
Embraer reported a 67% increase in jet deliveries in Q1 2024, delivering 25 jets compared to 15 in the same period last year. The firm order backlog reached $21.1 billion, the highest in 7 years, with Commercial Aviation seeing a $2.3 billion increase.
May 07, 2024 | 10:29 am
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Embraer's Q1 2024 performance shows significant growth in jet deliveries and a record-high order backlog, indicating strong demand and operational success.
The substantial increase in jet deliveries and the highest order backlog in 7 years demonstrate Embraer's strong market position and operational success. These factors are likely to positively influence investor sentiment and Embraer's stock price in the short term, as they indicate robust demand for Embraer's products and a solid financial outlook.
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