May 7 (Reuters) - Bombardier
* BOMBARDIER REPORTS FIRST QUARTER 2020 FINANCIAL RESULTS AND MEASURES TAKEN IN RESPONSE TO COVID-19 PANDEMIC
* BOMBARDIER - QTRLY AVIATION REVENUE $1.52 BILLION VERSUS $1.41 BILLION
* BOMBARDIER - PREVIOUSLY ANNOUNCED DIVESTITURES OF AEROSTRUCTURES BUSINESS AND BOMBARDIER TRANSPORTATION PROGRESSING AS PLANNED
* BOMBARDIER - QTRLY TRANSPORTATION REVENUE $2.17 BILLION VERSUS $2.11 BILLION
* BOMBARDIER - BEGUN GRADUAL RESUMPTION OF MANUFACTURING OPERATIONS AT AVIATION & TRANSPORTATION
* BOMBARDIER - QTRLY LOSS PER SHARE $0.11; QTRLY ADJUSTED LOSS PER SHARE $0.10; QTRLY REVENUE $3.69 BILLION VERSUS $3.52 BILLION
* BOMBARDIER - UNCERTAINTY SURROUNDING THE DURATION OF THE PANDEMIC PRECLUDES CO FROM PROVIDING FINANCIAL GUIDANCE AT THIS TIME
* BOMBARDIER - HAS PRO FORMA LIQUIDITY OF ABOUT $3.5 BILLION, INCL. $2.1 BILLION CASH ON HAND, ACCESS TO UNDRAWN $860 MILLION ON TRANSPORTATION'S REVOLVING CREDIT FACILITY AS AT MARCH 31
* BOMBARDIER - PRO FORMA LIQUIDITY ALSO INCLUDES ABOUT $550 MILLION OF PROCEEDS FROM SALE OF CRJ PROGRAM, WHICH IS SET TO CLOSE JUNE 1, 2020
* BOMBARDIER - BASED ON CURRENT ASSESSMENT OF COVID-19 SITUATION, GRADUAL RESUMPTION OF OPERATIONS, CO EXPECTS BUSINESS ACTIVITY TO HIT A LOW POINT IN Q2
* BOMBARDIER - – AS AT MARCH 31, BUSINESS AIRCRAFT ORDER BACKLOG WAS $13.6 BILLION VERSUS $14.4 BILLION AS AT DEC 31, 2019
* BOMBARDIER - AS AT MARCH 31, OTHER AVIATION ORDER BACKLOG WAS $1.5 BILLION VERSUS $1.9 BILLION AS AT DEC 31, 2019
* BOMBARDIER - AS AT MARCH 31, TRANSPORTATION ORDER BACKLOG WAS $33.1 BILLION VERSUS $35.8 BILLION AS AT DEC 31, 2019
* BOMBARDIER - IS IN ONGOING DIALOGUE WITH GOVERNMENTS WHERE CO HAS MAJOR OPERATIONS REGARDING ADDITIONAL SUPPORT PROGRAMS, SHOULD THEY BE NECESSARY
* BOMBARDIER - QTRLY FREE CASH FLOW USAGE WAS $1.6 BILLION, INCL. ESTIMATED $600-800 MILLION COVID-19 IMPACT REFLECTING INABILITY TO DELIVER AIRCRAFT AFTER TRAVEL RESTRICTIONS, AMO
* BOMBARDIER - KEY AEROSTRUCTURES OPERATIONS IN MEXICO, BELFAST WERE SUSPENDED, IMPACTING ABOUT 15,000 EMPLOYEES GLOBALLY
* BOMBARDIER - IN TRANSPORTATION SEGMENT, PRODUCTION AT SEVERAL LOCATIONS WAS TEMPORARILY SUSPENDED IN SECOND HALF MARCH, AFFECTING ABOUT 10,000 EMPLOYEES