During press webinar conference, Textron Aviation has reported revenues of $795 million were down $406 million from the third quarter of 2019, primarily due to lower Citation jet volume of $234 million and lower commercial turboprop volume of $83 million, reflecting a decline in demand related to the pandemic, and lower aftermarket volume of $95 million, reflecting lower aircraft utilization.
Textron Aviation delivered 25 jets, down from 45 last year, and 21 commercial turboprops, down from 39 last year.
Segment loss was $29 million in the third quarter, down from $104 million of profit last year, primarily due to the lower volume and mix.
Textron Aviation backlog at the end of the third quarter was $1.8 billion.
