PPRuNe Forums - View Single Post - Liberal Party wins, Bombardier wins
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Old 25th Jul 2016, 13:25
  #227 (permalink)  
tdracer
 
Join Date: Jul 2013
Location: Everett, WA
Age: 68
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Willie
Last year, Boeing took a billion USD write-off, due mainly to issues with the KC-46 tanker and reduced demand for the 747-8, and still netted over $5 billion on sales of over $96 billion. Even after another multi-billion write-off this year, they are still projected to net over $5 billion (the timing of the 787 write-off is interesting - they've known for years that the l/n 4 and 5 787s couldn't be refurbished and sold profitably).
Last year Bombardier lost over $5 billion on the aircraft business - swamping the half billion they made from their other divisions - on total revenue of a bit over $18 billion. Bombardier is projected to lose another $5 billion in 2016.
And you're suggesting Boeing is in trouble?

In other words, Boeing just had a bad quarter - Bombardier is having a bad decade
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