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Canadian plane maker Bombardier said it would delay offering financial guidance for the coming year amid uncertainty over the impact of potential tariffs planned by the new Trump administration in the US.
The company, which is one of the largest business jet manufacturers in the world and sells most of its Canadian-assembled planes to US customers, is among the first leading Canadian companies to warn about the potential impact of tariffs.
Although US President Trump on Monday rowed back from imposing levies of up to 25 per cent on imports from Canada and Mexico for 30 days, the threat has created marked uncertainty for manufacturers.
Bombardier said on Thursday that in light of the “rapidly evolving landscape” stemming from Trump’s executive orders regarding new tariffs, it had elected to “defer providing guidance and 2025 objectives” until it had assessed the direct and indirect impact to its business.
Industry stakeholders have warned that any tariffs would have a negative impact on the aerospace industry’s integrated supply chains at a time when manufacturers are already wrestling with delays and raw material constraints.
Canada’s industry trade body, the Aerospace Industries Association, said earlier this week that Canada and the US shared “deeply integrated supply chains, and any new trade barriers risk disrupting economic growth, innovation, and jobs on both sides of the border”.
Bombardier separately announced strong results for the fourth quarter, with full-year revenues rising 8 per cent to $8.7bn, driven by a record performance in its services business, and 146 aircraft deliveries. Adjusted earnings before tax were up 11 per cent year-on-year to $1.36bn.
