Embraer has billionaire losses of $336 mm

Embraer reported that revenues in its commercial aviation segment, generally the largest and most profitable, dropped 77% to R$563.9 million ($113 mm) in the second quarter due to the coronavirus pandemic. The company reported a net loss of R$1.683 billion ($336 mm) in the quarter, reversing a positive result of R$26.1 million ($5.2 mm) in the same period of 2019.

Source: Reuters