April 2 (Bloomberg) -- Bombardier Inc.’s fourth-quarter profit jumped 42 percent as sales of trains in Europe rose, and the company said it will cut 3,000 more jobs in its aerospace unit after business-jet demand “deteriorated rapidly.” Net income exceeded analysts’ estimates, rising to $309 million, or 17 cents a share, in the three months ended Jan. 31, from $218 million, or 12 cents, a year earlier, the Montreal- based company said in a statement today. Sales gained 3 percent to $5.43 billion. Sales of regional trains in the Netherlands, U.K. and France and locomotives in Germany and Spain helped Bombardier overcome a 4 percent drop in aerospace revenue in the quarter. The company, the world’s third-biggest aircraft producer, expects to deliver about 25 percent fewer business jets this fiscal year. “While we expect the market to welcome what we view as the more realistic Aerospace outlook, Bombardier has not ‘cleared the decks,’ in our view, and there could be further downward revisions to come,” Joseph Nadol, a New York-based analyst with JPMorgan Chase & Co., wrote in a report today. He rates the shares “neutral.”