August 2, 2018 / 3:47 PM / in 3 months

BUZZ-Bombardier Inc: Surges on smaller cash burn

** Canadian plane and train maker’s shares up 5.3 pct at C$5.01

** Cash burn was about $370 mln for Q2, while analysts expected $532 mln cash burn, according to BMO analysts

** Puts firm on track to break even on cash flow this year

** Debt ballooned following heavy investments in CSeries jet program that almost pushed co into bankruptcy in 2015; long-term debt at $9.1 bln

** Reports 7.9 pct rise in adj EBITDA margin, compared with a 7.6 pct rise a year earlier

** Up to Wednesday’s close, stock had risen nearly 57 pct YTD (Reporting by Laharee Chatterjee in Bengaluru)

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