Reported about 19 hours ago
Spirit AeroSystems reported a decline in first-quarter revenue as production slowed at Boeing, its primary customer. Despite early increases in Boeing 737 production, delayed rate increases negatively impacted Spirit's performance. The company faced a net loss of $613 million and a cash burn of $474 million. With a merger with Boeing in progress, Spirit is exploring options to improve liquidity and has not provided a revenue outlook for 2025.
Source: YAHOO