- Commercial deliveries soared circa 170% sequentially while
Executive Jets grew 50%
- US$21.1 bn company wide
backlog up more than 20% annually
- 20 E2 jets order from Mexicana de Aviación
- 2nd C-390 Millennium aircraft delivered to
Portugal
SÃO PAULO, July 18,
2024 /PRNewswire/ -- Embraer (NYSE: ERJ; B3: EMBR3)
delivered 47 jets in 2Q24, an 88% increase compared to the previous
quarter (qoq), when 25 jets were delivered. The company's overall
backlog ended at US$21.1 billion,
more than 20% higher annually (yoy) and a 7-year high. Commercial
Aviation was the highlight of the quarter with 19 jets deliveries –
or circa 170% more qoq (7 jets in 1Q24). Meanwhile, Executive Jets
delivered a solid performance with 27 aircraft (18 in 1Q24) while
Defense delivered one multi-mission airlift C-390 Millennium.
Deliveries by
Segment
|
2Q24
|
1Q24
|
2Q23
|
1H24
|
1H23
|
2024
Guidance
|
|
|
|
|
|
|
|
Executive
Aviation
|
27
|
18
|
30
|
45
|
38
|
125-135
|
Phenom 100
|
2
|
1
|
1
|
3
|
3
|
|
Phenom 300
|
18
|
10
|
18
|
28
|
22
|
|
Light
Jets
|
20
|
11
|
19
|
31
|
25
|
|
Praetor 500
|
3
|
3
|
6
|
6
|
6
|
|
Praetor 600
|
4
|
4
|
5
|
8
|
7
|
|
Medium
Jets
|
7
|
7
|
11
|
14
|
13
|
|
|
|
|
|
|
|
|
Commercial
Aviation
|
19
|
7
|
17
|
26
|
24
|
72-80
|
E195-E2
|
7
|
4
|
7
|
11
|
12
|
|
E190-E2
|
4
|
-
|
-
|
4
|
-
|
|
E175
|
8
|
3
|
10
|
11
|
12
|
|
|
|
|
|
|
|
|
Total
|
46
|
25
|
47
|
71
|
62
|
197-215*
|
|
|
|
|
|
|
|
Defense &
Security
|
1
|
-
|
1
|
1
|
1
|
C-390
Millennium
|
1
|
-
|
1
|
1
|
1
|
The company wide backlog reached US$21.1 billion in 2Q24 (or more than 20%
higher yoy and marginally higher qoq). The biggest increase
happened in Commercial Aviation (+US$227 million) while the biggest
decreased occurred in Defense & Security (-US$251 million). The backlog for the other two
businesses units increased marginally (+US$45 million).
Backlog by Segment -
US$bn
|
2Q24
|
1Q24
|
qoq
|
2Q23
|
yoy
|
|
|
|
|
|
|
Commercial
Aviation
|
11.3
|
11.1
|
2 %
|
8.0
|
40 %
|
Executive
Jets
|
4.6
|
4.6
|
1 %
|
4.3
|
8 %
|
Services &
Support
|
3.1
|
3.1
|
0 %
|
2.7
|
16 %
|
Defense &
Security
|
2.1
|
2.4
|
-10 %
|
2.3
|
-5 %
|
|
|
|
|
|
|
Total
|
21.1
|
21.1
|
0 %
|
17.3
|
22 %
|
In Commercial Aviation, the backlog reached
US$11.3 billion in 2Q24 (+2% qoq).
The main highlight of the period was the order for 20 E2 jets by
Mexicana de Aviación – Mexico's
state-owned airline. The order includes 10 E190-E2 jets and another
10 E195-E2 jets, with deliveries scheduled to start in 2Q25. Other
highlights were the delivery and start of operations of the first
E190-E2 to Scoot – the low-cost subsidiary of Singapore Airlines
(SIA). Furthermore, Embraer reached another important milestone:
the delivery of its 1,800th E-Jet in May. The marquee
aircraft was delivered to the leasing company Azorra and it will be
operated by Royal Jordanian Airlines.
2Q24 Backlog -
Commercial Aviation
|
Aircraft
Type
|
Firm
Orders
|
Deliveries
|
Firm Order
Backlog
|
E195-E2
|
282
|
100
|
182
|
E190-E2
|
44
|
23
|
21
|
E175
|
943
|
764
|
179
|
Total
|
1,269
|
887
|
382
|
Executive Jets continued to seize great sales
momentum in both fleet and retail markets, demonstrating solid
delivery performance and maintaining a positive book-to-bill ratio.
The backlog ended the period marginally up at US$ 4.6 billion in 2Q24 (+1% qoq).
The Services & Support unit continues to be one of
the main drivers of Embraer's growth through a combination of
operational excellence, customer experience and innovative
solutions. Its backlog ended 2Q24 roughly unchanged at US$3.1 billion.
In Defense & Security, the highlight was the delivery
of the 2nd C-390 Millennium to the Portuguese Air Force
(FAP), in a ceremony held in Gavião Peixoto (SP), Brazil. In 2019, FAP ordered 5 KC-390s,
including a comprehensive services and support package and a flight
simulator. The 1st aircraft entered service in
October 2023 at Beja Air Base. The
selection of the C-390 by some countries in Europe has not yet been incorporated into the
backlog, which represents a significant source of potential growth
for the coming quarters. The backlog in Defense & Security
decreased 10% qoq and reached US$2.1
billion in 2Q24.
Commercial Aviation aircraft backlog:
Customer
(Country)
|
Firm
Orders
|
Delivered
|
Firm Order
Backlog
|
Embraer
195-E2
|
282
|
100
|
182
|
Azul
(Brazil)
|
51
|
-
|
51
|
Porter
(Canada)
|
75
|
36
|
39
|
Aercap
(Ireland)
|
45
|
19
|
26
|
Azorra (USA)
|
23
|
5
|
18
|
Mexicana
(Mexico)
|
10
|
-
|
10
|
Aircastle
(USA)
|
23
|
14
|
9
|
Air Peace
(Nigeria)
|
13
|
5
|
8
|
Binter Canarias
(Spain)
|
16
|
10
|
6
|
Salam Air
(Oman)
|
6
|
-
|
6
|
Luxair
(Luxembourg)
|
4
|
-
|
4
|
ICBC (China)
|
10
|
7
|
3
|
Royal Jordanian
(Jordanian)
|
2
|
-
|
2
|
Helvetic
(Switzerland)
|
4
|
4
|
-
|
Customer
(Country)
|
Firm
Orders
|
Delivered
|
Firm Order
Backlog
|
Embraer
190-E2
|
44
|
23
|
21
|
Mexicana
(Mexico)
|
10
|
-
|
10
|
Azorra (USA)
|
12
|
4
|
8
|
Aircastle
(USA)
|
2
|
-
|
2
|
Air Kiribati
(Kiribati)
|
2
|
1
|
1
|
Aercap
(Ireland)
|
5
|
5
|
-
|
Helvetic
(Switzerland)
|
8
|
8
|
-
|
Wideroe
(Norway)
|
3
|
3
|
-
|
Placar Linhas Aéreas
(Brazil)
|
1
|
1
|
-
|
Undisclosed
|
1
|
1
|
-
|
Customer
(Country)
|
Firm
Orders
|
Delivered
|
Firm Order
Backlog
|
EMBRAER
175
|
943
|
764
|
179
|
American Airlines
(USA)
|
204
|
108
|
96
|
Republic Airlines
(USA)
|
187
|
141
|
46
|
Skywest
(USA)
|
228
|
207
|
21
|
Horizon Air / Alaska
(USA)
|
50
|
44
|
6
|
Air Peace
(Nigeria)
|
5
|
-
|
5
|
Undisclosed
|
4
|
-
|
4
|
Overland Airways
(Nigeria)
|
3
|
2
|
1
|
Air Canada
(Canada)
|
15
|
15
|
-
|
Air Lease
(USA)
|
8
|
8
|
-
|
Alitalia
(Italy)
|
2
|
2
|
-
|
Belavia
(Belarus)
|
1
|
1
|
-
|
CIT (USA)
|
4
|
4
|
-
|
ECC Leasing
(Ireland)*
|
1
|
1
|
-
|
Flybe (UK)
|
11
|
11
|
-
|
Fuji Dream
(Japan)
|
2
|
2
|
-
|
GECAS (USA)
|
5
|
5
|
-
|
KLM (The
Netherlands)
|
17
|
17
|
-
|
LOT Polish
(Poland)
|
12
|
12
|
-
|
Mauritania Airlines
(Mauritania)
|
2
|
2
|
-
|
Mesa (USA)
|
7
|
7
|
-
|
NAC / Aldus
(Ireland)
|
2
|
2
|
-
|
NAC / Jetscape
(USA)
|
4
|
4
|
-
|
Northwest
(USA)
|
36
|
36
|
-
|
Oman Air
(Oman)
|
5
|
5
|
-
|
Royal Jordanian
(Jordan)
|
2
|
2
|
-
|
Suzuyo
(Japan)
|
11
|
11
|
-
|
TRIP
(Brazil)
|
5
|
5
|
-
|
United Airlines
(USA)
|
110
|
110
|
-
|
* Aircraft delivered by
ECC Leasing: one to Air Caraibes
|
|
|
|
View original
content:https://www.prnewswire.com/news-releases/embraer-increased-deliveries-88-quarter-on-quarter-in-2q24--and-backlog-totaled-us21-1bn--a-7-year-high-302201288.html
SOURCE Embraer S.A.