RIO DE JANEIRO (AP) -- The Brazilian plane manufacturer Embraer says its net income was $35.3 million in the first quarter.
That compared to a $23.4 million loss in the same quarter last year, when the global financial crisis prompted airlines to slash orders.
This year's profit is at the low-end of analysts' expectations, as orders have yet to fully bounce back.
A statement issued Thursday by the company, Empresa Brasileira de Aeronautica SA, says revenue totaled $990 million in the first quarter. That is down from $1.2 billion in the same period of 2009.
The company says it sold more smaller and cheaper executive jets this year.
