Embraer reported its first quarterly profit since 1Q2018 on Friday driven by a partial recovery in travel. The aerospace manufacturer reported a net income increase to $40.5mn from a loss of -$199mn in 2Q2020. Net revenues were up 110% YoY to $1.1bn in 2Q2021 and rose...
Brazilian aircraft manufacturer Embraer has been downgraded further into junk to BB from BB+ by S&P with a negative outlook due to the challenges and uncertainties faced by the aerospace and defence industry post the pandemic. Embraer’s commercial aircraft...
