Embraer profits surge, despite revenue down 14.2% in 1Q2010

Embraer revenue down 14.2% - financial highlights for the three months ended 31-Mar-2010 (according to US GAAP):

• Net sales: USD990.1 million, -14.2% year-on-year;
  • Commercial Aviation: USD523.4 million, -39.9%;
  • Aviation Services: USD142.1 million, +10.9%;
• Operating profit: USD57.4 million, +110.3%;
• Net profit (loss): USD38.3 million, compared to a loss of USD23.3 million in the previous corresponding period;
• Aircraft deliveries:
  • Commercial Aviation: 21, -34.4%. [more]