One of the many reasons to be longRecession resistance. PayPal's CEO, for example, said late today, "The higher end consumer is still spending quite robustly." I'm thinking this applies even more so to the very wealthy individual customers of Bombardier. And, there are a ton more of them than ever before.
Doesn't mean a recession has no effect, just likely a lot less than most businesses. And as a backstop, Bomber told us today that that huge, 2 year backlog gets them thru a recession, anyway.