Textron Aviation Revenues Of $747 Million, Were Down $376 Million
With various companies reporting results from their second quarter, this year's batch has given few corporate boards much to be happy about. Textron Aviation is no exception. Revenues at Textron Aviation of $747 million were down $376 million from the second quarter of 2019, primarily due to lower Citation jet volume of $178 million, reflecting a decline in demand related to the pandemic and to a lesser extent, delays in the acceptance of aircraft related to COVID-19 travel restrictions, and lower aftermarket volume of $120 million, reflecting lower aircraft utilization.