1. in a way that shows approval or support; positively
Usage: British spelling; American spelling is 'favorably'
2. in a way that is advantageous or beneficial; under good circumstances

Examples

• The teacher spoke favourably of his progress in class.
• The new policy was received favourably by most employees.
• The weather conditions compared favourably to last year's summer.
• Her application was viewed favourably by the admissions committee.
• The company's earnings report was favourably received by investors.
• This brand compares favourably with its competitors in terms of quality.