Commodities

Planemaker Embraer posts Q4 loss, suspends 2020 guidance due to coronavirus

Credit: REUTERS/PAULO WHITAKER

Brazilian planemaker Embraer on Thursday reported a net loss of $209.8 million for the last quarter of 2019, as the manufacturer grapples with the coronavirus outbreak that so far has led it to suspend production in Brazil.

March 26 (Reuters) - Brazilian planemaker Embraer EMBR3.SA on Thursday reported a net loss of $209.8 million for the last quarter of 2019, as the manufacturer grapples with the coronavirus outbreak that so far has led it to suspend production in Brazil.

Embraer said it had also suspended its 2020 financial guidance.

The planemaker disclosed an impairment charge of $71.6 million in its executive jets division that weighed over its fourth-quarter net income result.

(Reporting by Marcelo Rochabrun; Editing by Jan Harvey)

((marcelo.rochabrun@thomsonreuters.com; +55 11 5644 7768;))

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