Embraer’s first-quarter 2009 financial report reveals that the company delivered 40 of its commercial and executive jets in the period ending March 31. This is an 11.1 percent reduction compared to first-quarter 2008 deliveries, when 45 jets of all types were delivered. First-quarter 2009 net sales amounted to $1,154.1 million, and net losses were reported as $23.4 million.
Net revenues from all operations for the first quarter of 2009 totaled $1,154.1 million, or a decrease of 13.6 percent from the first-quarter 2008’s $1,335.9 million. After taxes, Embraer reported a net loss of $23.4 million for the quarter, compared to a net income of $85 million in the first quarter of 2008.
In view of the current economic scenario, Embraer revised its anticipated deliveries downward for the remainder of 2009. Deliveries of all jets were previously set at 270 aircraft; now the company says it expects to deliver 242 airplanes. Of that number, the Legacy 600 and Lineage large executive jets account for 17 deliveries, and the smaller Phenom 100 and 300 business jets represent 110 deliveries. As late as February 2009, Embraer officials were estimating that 120 to 150 Phenoms would be delivered this year.
Thomas A. Horne
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