SAO PAULO (Reuters) -Embraer expects to increase aircraft deliveries by up to 18% this year, it said on Thursday, reaching as many as 240 commercial and executive jets as it continues to lift output to meet strong demand.

Despite supply chain disruptions, the world's third-largest planemaker - which delivered 203 jets last year - has been raising annual deliveries since 2021, marking a recovery from the pandemic-related downturn.

The Brazilian company's outlook for this year places commercial aviation deliveries at between 77 and 85 aircraft, up from 73 in 2024. Business jet deliveries are estimated to hit between 145 and 155, up from last year's 130.

"We could have had even better guidance, to be honest. Our guidance is within the limits of supply chain bottlenecks," Chief Executive Francisco Gomes Neto told Reuters after quarterly results.

Embraer reported a 29% jump in fourth-quarter core profit to $328 million on net revenue that rose 17% to $2.31 billion.