Embraer Commercial Aviation Achieves Remarkable 57% Revenue Growth in Q2 2023

Embraer has revealed the latest financial earnings results for its second quarter of 2023, which show a significant uptick in revenue for the commercial aviation arm of the business by 57%.

Overall revenues reached US$1,292 million in the quarter, 27% higher than last year and 80% higher than Q1 2023.

Embraer’s Commercial Aviation revenue growth, year on year, was due to a higher number of deliveries. At the start of August, Embraer reported 47 aircraft deliveries in the period, which included 17 commercial jets (seven E195-E2s and 10 E175s).

More aircraft are due to be delivered later this year and into early 2024. American Airlines placed a firm order with Embraer for seven new E175s. Deliveries of these aircraft to its regional subsidiary Envoy Air will begin by Q4 2023.

In addition, Scoot, the low-fare subsidiary of Singapore Airlines, selected Embraer’s E190-E2 jets to drive its growth in the Asia-Pacific region. Nine aircraft will be added to Scoot’s fleet in 2024.

In Malaysia, domestic airline SKS Airways chose Embraer’s E195-E2 jet to boost its growth plans for the Asia-Pacific region. The E195-E2 will be the primary aircraft for SKS Airways’ expansion plans and will be based at Subang Airport in Kuala Lumpur from 2024.

Meanwhile, in Europe, regional airline Binter has placed a firm order for six E195-E2 aircraft, bringing its fleet to 16 when delivered.