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(Reuters) - Bombardier Inc said on Monday it expects first-quarter business jet revenue to come in ahead of analysts estimates, as rising vaccinations encourage wealthy travelers to return to flying.
The company s shares rose 4% in early trading.
Business jet makers are seen benefiting as more people start flying mainly for leisure purposes following easing of coronavirus-led restrictions.
The Montreal-based maker s U.S. rival Textron Inc last week posted better-than-expected results, propelled by a rebound in demand for its small and medium business jets.
Bombardier, the maker of Global aircraft, said it expects first-quarter adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) from continuing operations of $123 million, above analysts average estimate of $89 million, according to IBES data from Refinitiv.
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April 23 (Reuters) - Honeywell International raised
its full-year sales and profit outlook as it posted a
better-than-expected quarterly profit on Friday, helped by
robust demand for its warehouse automation equipment from
customers including Amazon.com Inc.
A boom in online shopping during the COVID-19 pandemic has
boosted sales of Honeywell s warehouse automation unit, part of
its safety and productivity solutions business.
Sales in the business jumped 49% to $2.12 billion in the
first quarter ended March 31, beating analysts average estimate
of $1.79 billion, according to IBES data from Refinitiv.
Honeywell also makes aircraft parts for planes manufactured
by Boeing Co and Canada s Bombardier Inc.