Bombardier boosts free cash on private flying, shares up 5%

Members of the media wait to tour the interior of a new Bombardier Global 7500 business jet as the company celebrates its 10th delivery of this aircraft to VistaJet in Montreal, Quebec, Canada March 29, 2022. REUTERS/Christinne Muschi

Aug 4 (Reuters) – Business jet maker Bombardier Inc (BBDb.TO) on Thursday reported a smaller second-quarter loss and forecast better-than-expected annual free cash flow, helped by strong demand for private flying, but said it faces supply chain pressures.

Montreal-based Bombardier now expects 2022 free cash flow of more than $515 million, compared with its earlier forecast of over $50 million, as orders surge. Analysts, on average, had expected full-year free cash of $181.46 million, according to estimates from Refinitiv.

Business jet makers see strong demand for planes and aftermarket services, as private flying in the key U.S. market remains…