About: http://data.cimple.eu/news-article/38048c5df5a5b779a79aae684bf1ad3d81ea7548f8a686266114579b

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About: http://data.cimple.eu/news-article/38048c5df5a5b779a79aae684bf1ad3d81ea7548f8a686266114579b Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Brazilian aircraft manufacturer Embraer reported second quarter losses of $315 million Wednesday, as sales plunged due to the coronavirus pandemic and a proposed joint venture with Boeing collapsed. The new red ink came on top of $292 million in losses in the first quarter when the COVID-19 crisis began to hit the South American economic powerhouse. In the second three-month stretch of last year, by comparison, Embraer posted profits of $7.2 million. This time the company's hardest hit branch was commercial aviation, which fell 82.8 percent compared with the same period of last year -- it delivered only four commercial airliners compared to 26 back then. The company said that due to uncertainty caused by the pandemic it will not be releasing estimates of future finances or plane deliveries. It also said was "affected negatively" by the collapse of a deal under which Boeing was to have acquired 80 percent of Embraer's commercial division for $4.2 billion. Boeing said Embraer had not lived up to terms of the deal but the Brazilian company denied this and said Boeing had acted improperly. With that deal Boeing had hoped to compete with Airbus and joint venture partner Bombardier of Canada in the market for medium-haul airliners. js/mr/dw/ft
schema:headline	Brazil's Embraer reports $315 mln in losses
schema:mentions	Deutsche Welle Ink American Airlines Canada Pandemic Brazil Coronavirus disease 2019 Aerospace manufacturer Bombardier Aviation
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-08-05 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	sadness

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