Bombardier posted a profit in its latest quarter from a loss a year ago, and its revenue rose 17%.
The Montreal-based aircraft manufacturer benefited from higher deliveries and selling prices for its medium and wide-bodied aircraft, as well as increased service revenues.
Company profit was US$302 million, or US$2.98 per diluted share for the three months ended March 31, compared to a loss of US$287 million, or US$3.09 per share diluted a year ago.
During the same period, revenues increased from US$1.25 billion to US$1.45 billion.
Bombardier believes it is on track to meet its production targets for more than 138 aircraft deliveries this year.
On the other hand, the company says it paid off about US$400 million of debt in the first quarter.
To see in video