My Account Menu

CAPA Login


Register to trial CAPA Membership!

Embraer’s order book contracts, shares drop – SHARE WRAP

16-Apr-2009

Embraer reported its firm commercial order backlog stood at 393 as at 31-Mar-09 (valued at USD19.7 billion at list prices), down from 426 (valued at USD20.9 billion) at 31-Dec-08.

At the end of last year, the manufacturer reported total firm orders (over the history of its commercial programmes) stood at 1,791 aircraft. By the end of last month however, the figure was 1,790 – implying a reduction in its order book as airlines cancel orders amid the global economic recession. Furthermore, its options backlog has dropped from 860 at the end of 2008 to 842 as at 31-Mar-09.

Embraer’s shares fell 3.1% yesterday. UBS downgraded the stock to ‘Neutral’, recommending “a more cautious stance for now”.

For daily updates on American aviation stock prices and a complete wrap of the day's breaking news, sign up now for a complimentary subscription to America Airline Daily.

Selected Aviation suppliers daily share price movements (% change): 15-Apr-09


Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.