Cessna Revenues Plunge On Weak Deliveries in First Quarter
Cessna posted a $24 million loss as revenues plummeted 43% to $433 million in the first quarter of the year, Cessna parent Textron reported last week. The loss comes as the Wichita plane-maker delivered just 31 business jets in the first quarter, 21 of which were the lower-margin Mustang very light...
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