Embraer reaffirms 2025 outlook, says US tariffs have 'limited impact'
The world's third-largest aircraft maker after Airbus and Boeing expects to deliver 77 to 85 commercial jets this year, with executive aviation deliveries seen between 145 and 155 aircraft.
The company said that early in the year, its U.S. content helped mitigate the impact of sweeping tariffs, which have sparked retaliatory steps from U.S. trading partners and increased economic and business uncertainty.
Embraer said that its commercial aviation unit was not impacted in the period, while acknowledging that it had to make operational changes to reduce the exposure of the Phenom and Praetor business jets to the trade conflict.
In the first quarter, Embraer reported a 23% year-on-year increase in net revenues to $1.1 billion, which it said was the highest for the period since 2016. Core earnings represented by adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) more than doubled to $108.6 million.
Embraer had previously reported deliveries of 30 aircraft in the January-March period, which is seasonally weaker for planemakers. It expects revenues to reach $7.0 billion to $7.5 billion in the full year.
(Reporting by Gabriel Araujo; Editing by Andrew Heavens and Tomasz Janowski)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 minutes ago
- Yahoo
Gold Reserve asks US court to proceed to sale hearing in Citgo auction
HOUSTON (Reuters) -Toronto-listed miner Gold Reserve has asked a U.S. federal court to proceed to the final sale hearing that will decide the winner of an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a filing. Gold Reserve's request was filed on Monday, following a notification last week about a competing offer by an unidentified bidder. A $7.4 billion bid by a group led by a subsidiary of the miner was recommended last month as the winner of the bidding round, but the judge in Delaware must still decide whether to approve it. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 minutes ago
- Yahoo
Trump urges China to quadruple soybean orders
By Ella Cao, Lewis Jackson and Chandni Shah (Reuters) -U.S. President Donald Trump on Sunday urged China to quadruple its soybean purchases ahead of a key tariff truce deadline, sending Chicago soybean prices higher, though analysts were quick to question the feasibility of any such deal. In a late night post on Truth Social, Trump said China was worried about a shortage of soybeans and he hoped it would quickly quadruple its soybean orders from the U.S. "Rapid service will be provided. Thank you President XI," Trump said in his post. The most active soybean contract on the Chicago Board of Trade (CBOT) jumped 2.38% to $10.11 a bushel at 0637 GMT on Monday after Trump's post. The contract was steady earlier. China, the world's largest soybean buyer, imported roughly 105 million metric tons last year, just under a quarter coming from the U.S. and most of the remainder from Brazil. Quadrupling shipments would require China to import the bulk of its soybeans from the U.S. "It's highly unlikely that China would ever buy four times its usual volume of soybeans from the U.S.," said Johnny Xiang, founder of Beijing-based AgRadar Consulting. A tariff truce between Beijing and Washington is set to expire on August 12, but the Trump administration has hinted that the deadline may be extended. It is unclear if securing China's agreement to buy more U.S. soybeans is a condition for extending the truce as Trump looks to reduce China's trade surplus with the U.S. China's soymeal futures fell 0.65% to 3,068 yuan per metric ton on expectations U.S. imports could increase supply. China's Ministry of Commerce did not immediately respond to a Reuters request for comment. Under the Phase One trade deal signed during Trump's first term, China agreed to boost purchases of U.S. agricultural products, including soybeans. However, Beijing fell far short of meeting those targets. This year, amid Washington–Beijing trade tensions, it has yet to buy any fourth quarter U.S. beans, fuelling concerns as the U.S. harvest export season approaches. "On Beijing's side, there have been quite a few signals that China is prepared to forego U.S. soybeans altogether this year, including booking those test cargoes of soymeal from Argentina," said Even Rogers Pay, an agricultural analyst at Trivium China. Reuters previously reported that Chinese feedmakers have purchased three Argentine soymeal cargoes as they aim to secure cheaper South American supplies amid concerns about a possible soybean supply disruption in the fourth quarter. U.S. soybean industry has been seeking alternative buyers, but no other country matches China's scale. Last year, China imported 22.13 million tons of soybeans from the U.S., and 74.65 million tons from Brazil.
Yahoo
12 minutes ago
- Yahoo
Air India to suspend Delhi-Washington services from September
(Reuters) -Air India said on Monday it would stop services between the capital cities of India and the U.S. from September 1, citing aircraft shortage due to the planned upgrades to its ageing Boeing planes and the closure of Pakistan's airspace. The suspension of services between New Delhi and Washington, D.C., marks the latest setback for Air India, which is facing heightened regulatory scrutiny after a June crash in Ahmedabad killed 260 people. The planned shortfall in Air India's fleet and continued closure of airspace over Pakistan have impacted the airline's long-haul operations, leading to longer flight routings and increased operational complexity, the carrier said. The airline has undertaken a $400 million retrofit programme to upgrade its fleet. It, however, sees the Pakistan airspace ban costing it $600 million over 12 months, Reuters had earlier reported. India and Pakistan closed their respective airspaces to each other days after relations between the arch-rivals nosedived following a fatal attack on civilians in Indian Kashmir, which also sparked the worst fighting between the neighbours in decades. New Delhi has blamed Islamabad for the attack, accusations which Islamabad has denied. Air India said its flyers will have options to choose flights to Washington, D.C., with layovers at New York, Newark, Chicago and San Francisco with the airline's interline partners Alaska Airlines, United Airlines and Delta Air Lines. Sign in to access your portfolio
