RIO DE JANEIRO, BRAZIL – Brazil planemaker Embraer on Friday, March 19th, reported a net loss of US$3.3 (R$18.5) million for the fourth quarter, narrowing its losses significantly compared to last year, despite revenue that came in 12% lower than pre-pandemic levels.
Embraer said its cash position remained stable at US$2.8 billion. The pandemic has crippled demand for commercial air travel, which has affected the company’s main business line.