Embraer's commercial jet deliveries collapse amid pandemic

SAO PAULO (Reuters) - Brazilian planemaker Embraer SA said on Monday it had delivered just four commercial planes in the second quarter, compared with 26 a year ago in the same period, blaming the collapse on the coronavirus pandemic.

The crisis has hammered travel around the world and its larger rivals Airbus (NYSE: AIR) and Boeing Co (NYSE: BA) are also struggling to sell planes.

Embraer's backlog, a gauge of future revenue, stood at $15.4 billion, a slight drop compared with three months ago when it was valued at $15.9 billion.

The planemaker also delivered 13 executive jets in the quarter, compared with 25 a year ago. The executive jets industry is expected to be more resilient as the ultra-rich eschew flying commercial to avoid catching the disease.

"Embraer delivered fewer commercial planes and executive jets than in the same period of previous years, mainly due to the COVID-19 pandemic that affects the whole world," Embraer said in a securities filing.

(Reporting by Gabriela Mello and Marcelo Rochabrun; Editing by Toby Chopra and Louise Heavens)

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