Embraer reported a $61.7 million net loss in the first quarter, reversed from a net profit of $110.6 million in the year-ago quarter. The Brazilian manufacturer attributed the loss mostly to income tax expenses of $118 million. First-quarter revenue was down 14.5% to $1.06 billion, compared to $1.24 billion in the year-ago quarter. Airbus Group 1Q net profit up 80% Embraer delivered 20 commercial jets in the first quarter. At the end of the quarter, it had a $20.4 billion backlog ...

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