Embraer delivers 25 jets in 1Q24, shows significant growth in executive aviation

Embraer has delivered 25 jets in the first quarter of 2024 (1Q24), marking a substantial increase of 67% compared to the 15 aircraft delivered in 1Q23. Notably, Executive Aviation witnessed robust delivery growth, soaring from eight to 18 jets during the same period in 2023. These deliveries represent the highest first-quarter performance in the last eight years and they have more than doubled year-on-year. Meanwhile, Commercial Aviation saw flat year-on-year deliveries, remaining at seven aircraft.

Embraer delivered 12% of the total aircraft implied by the mid-point of the current year guidance for both Executive and Commercial Aviation (25 out of 206). The company has devised and is presently implementing a plan to mitigate its business seasonality. The production levelling plan aims to maintain a stable production pace throughout the calendar year in the near-to-medium-term future.

The company