Reported 2 months ago
Spirit AeroSystems' quarterly losses have more than doubled to $415 million, primarily due to a significant reduction in 737 fuselage deliveries to Boeing and ongoing issues with the Airbus A220 program. This decline stems from delivery delays and increased costs, leading to a cash burn of $597 million, which surpassed analyst expectations. As Spirit takes steps to improve liquidity, pressure remains on its financial stability and performance in future quarters.
Source: YAHOO