Cessna expects profit to get stronger despite Q1 loss:

04/23/2010 | Wichita Eagle (Kan.), The

With order rates meeting expectations and cancellations slowing for Cessna, the company is looking beyond its first-quarter results. Cessna posted $433 million in revenue last quarter, down 43% from the same period last year, and a $24 million loss, compared with a $90 million profit a year ago. "We really do see a lot of small-business and corporate activity coming back," said Scott Donnelly, president and CEO of Cessna parent Textron. He said sales picked up in the last part of the first quarter. "We believe that the cycle is going to follow the normal course," Donnelly said. "We see the right early indications, including most recently, corporate profits getting stronger."

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Wichita Eagle (Kan.), The