Business jet maker Bombardier Inc on Thursday raised 2025 revenue and free cash flow targets at its investor day and said it would produce more corporate planes, sending shares up 7.5% in late morning trade.
on Thursday raised 2025 revenue and free cash flow targets at its investor day and said it would produce more corporate planes, sending shares up 7.5% in late morning trade.on persistent strong demand for private flying in the U.S. But flatter global traffic, supply chain snags and fears of a recession remain concerns.
The company has been paying down debt and is targeting stronger free cash flow generation of more than $900 million in 2025 after being hit by a cash crunch while bringing new planes to market a decade earlier. Higher free cash flow in 2025 and an expected improvement in the company's credit rating to near investment grade levels would give Bombardier options for allocating capital. That could include reinvestment in its existing product lines, M&A, or launching a new aircraft, the company said.
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