Bombardier reports first quarter revenues of $1.5bn

At Bombardier Aerospace, revenues totalled $1.5bn compared to $2.2bn for the first quarter last fiscal year, while EBIT reached $91m, or 6.1% of revenues, compared to $141m, or 6.4%, for the first quarter last fiscal year. Free cash flow usage of $572m compared to a usage of $168m for the corresponding period last year. Bombardier Aerospace delivered 37 aircraft for the first quarter ended March 31, 2012, compared to 61 for the corresponding period last fiscal year and received 68 net orders, compared to 86 for the three-month period ended April 30, 2011. Its backlog increased to $23.3bn as at March 31, 2012, compared to $22bn as at December 31, 2011.