MONTREAL (Reuters) - Canadian plane and train maker Bombardier Inc (TO:BBDb) on Thursday reported a quarterly loss, partly due to charges related to some rail contracts in Europe.
Bombardier said it expects 2020 free cash flow, excluding certain items, to be positive, compared with a cash outflow of $1.20 billion (924.4 million pounds) in 2019.
The company's loss before interest and taxes was $1.70 billion in the fourth quarter ended Dec. 31, compared with a profit of $342 million a year earlier.
Earlier on Thursday, European planemaker Airbus (PA:AIR) reached a deal to buy the remaining stake of Bombardier in the A220 passenger jet program for about $600 million.