Embraer´s Profit Falls

Brazil’s Embraer, the world’s fourth-largest aircraft maker, said second-quarter profit declined 56 percent to $70 million after plane deliveries slowed and a stronger currency eroded sales. Revenue fell 36 percent to $808 million. Chief Executive Mauricio Botelho’s plan to expand beyond the 50-seat regional jet market has run into slumping demand for aircraft from European and North American airlines.