Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

Online Editor

Chad Trautvetter

Cessna’s first-quarter revenues of $556 million were up by $123 million from the same period a year ago, but the Textron division still managed to sustain a larger operating loss–$38 million versus $24 million last year. Textron chairman and CEO Scott Donnelly called Cessna’s “underlying operational performance…disappointing.” Contributing to the losses were higher-than-expected costs in ramping up Citation CJ4 production, as well as eroding price margins due to inflation. On the bright side, Cessna’s first-quarter gross orders improved from last year, as did pre-owned Citation sales. Based on this positive trend, Donnelly expects Cessna to deliver “slightly” more Citations this year than the 179 it shipped last year.

Textron: Cessna’s 1Q Performance ‘Disappointing’

Cessna’s first-quarter revenues of $556 million were up by $123 million from the same period a year ago, but the Textron division still managed to sustain 

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