Transportation • Air Transportation & Traffic, Flying
2020-08-05T14:30:01+00:00

Embraer reports commercial aviation revenue down by 82%

Embraer announced Wednesday that its commercial aviation revenue had fallen by 82% to $109 million in the second quarter because of the Covid-19 pandemic. The company had a net loss of $315 million in the quarter.

The company also stated that 50% of its aircraft orders have been deferred to 2022, but despite having no cancelled orders, Embraer cautioned that long deferrals would make 2021 difficult.

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