Profit Growth Grounded In Canada's Aerospace Industry | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 05.18.15

Airborne 05.19.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.22.15

Airborne Hi-Def On YouTube

Airborne 05.18.15

Airborne 05.19.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.22.15

 

Mon, Dec 17, 2012

Profit Growth Grounded In Canada's Aerospace Industry

Economic Conditions Expected To Push The Bottom Line Down In 2013

A slowdown in new orders earlier this year and the ongoing global economic uncertainty are pushing profit levels down in Canada's aerospace product manufacturing industry in 2012 and likely will again in 2013, according to The Conference Board of Canada's Autumn edition of its Industrial Outlook. Industry profits have been on a turbulent ride since the 2008-09 recession.  After reaching a recent high of $710 million in 2010, profits fell in 2011 and are projected to dip again in 2012 and 2013. At the end of next year, profits are expected to be slightly more than $500 million - a decline of 30 per cent since 2010.

"The aerospace industry is still coping with the lingering effects of the 2008-09 recession," said Maxim Armstrong , Senior Economist. "And while new orders indicate that the industry is showing signs of recovery, the financial turmoil in Europe is creating uncertainty and making the comeback difficult. Growth in global demand for air transportation can currently be described as modest at best, which is delaying the need to expand capacities or to replace existing aircraft worldwide."

The outlook mirrors global economic trends, with modest growth this year and next, followed by progressive improvement in the later years of the five-year forecast. U.S. economic growth remains slow, but American companies have improved their financial position - which is expected to lead to increased demand for business jets.

The improved outlook in 2015 and beyond will coincide with the anticipated arrival of Bombardier's CSeries jets on the market. The CSeries development fueled industry growth in research and development in recent years.

(Image of CSeries aircraft provided by Bombardier)

FMI: www.conferenceboard.ca/e-library/abstract.aspx?did=5250

Advertisement

More News

Klyde Morris (05.25.15)

Klyde Gets Positively ElectroMagnetic FMI: www.klydemorris.com>[...]

NIMBY Group Looks To Stir Up Anti-KSMO Sentiment

Soliciting Complaint Forms For Members Of Congress To Take To The FAA In an effort to have further restrictions placed on Santa Monica Airport ... or close it all together ... a gr>[...]

Airborne 05.22.15: Falcon 5X Readies, Avidyne AD, LadiesLoveTaildraggers 2015

Also: Air Power Museum, ANN Could Use A Little Help From Its Friends, GE Honda, Mexican-Registry TBM 900, Legacy 500, BBJ Winglets, Wheels Up Order The new Falcon 5X is getting clo>[...]

Aero-News: Quote Of The Day (05.25.15)

“It is the Sikorsky Innovations charter to identify the toughest challenges in vertical flight, and to demonstrate solutions to them. Getting an all-new aircraft into flight,>[...]

Aero-TV: Just Like The 'Real' Thing – Redbird/Disney’s ‘Dusty’ FlightSim

Disclaimer: No Matter What He Tells You, Tom Patton Is Not A Certified Firefighting Pilot While at EAA AirVenture 2014, ANN News Editor, Tom Patton checked out what was going on at>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC