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Consumer spending is the backbone of the U.S. economy, and every year, a meaningful portion of a typical household budget goes towards non-essential items and experiences — such as jewelry, dining out, and entertainment. But a February 2025 survey conducted by the management consulting firm McKinsey found that Americans are more willing to splurge on travel than nearly every other sector. 24/7 Wall St. Key Points: Customer facing industries are often highly competitive, and air travel is no exception — particularly in an era of widespread economic uncertainty. Recent survey data measuring customer satisfaction suggests that some airlines are better positioned to maintain a solid customer base in the coming months than others. Also: Discover the next Nvidia While these findings should have come as welcome news to the air travel industry, many of the biggest airlines in the U.S. are not especially optimistic. In times of economic uncertainty or hardship, non-essential consume
Spirit Aerosystems (SPR) came out with a quarterly loss of $4.22 per share versus the Zacks Consensus Estimate of a loss of $1.86. This compares to earnings of $0.48 per share a year ago.
Spirit AeroSystems on Friday reported a $577 million operating loss for the fourth quarter of 2024 compared with $215 million in operating income during the same three months a year earlier, which was helped by a funding agreement with key customer Boeing.
WICHITA, Kan. , Feb. 28, 2025 /PRNewswire/ -- Fourth Quarter 2024 Revenues of $1.7 billion EPS of $(5.38); Adjusted EPS* of $(4.22) Cash provided by operations of $137 million; Free cash flow* of $91 million Spirit AeroSystems Holdings, Inc. (NYSE: SPR) ("Spirit," "Spirit AeroSystems" or the "Company") reported fourth quarter and full-year 2024 financial results.
Airbus expects to firm up a deal to take over some of Spirit AeroSystems European operations in the next few weeks, the planemaker's CFO said on Thursday, as part of a transatlantic breakup of the aerostructures manufacturer.
Spirit AeroSystems said on Monday it expects to post a higher-than-expected quarterly revenue, driven by restarted production at the aerospace supplier's biggest customer, Boeing.
Boeing's key supplier Spirit AeroSystems has a substantial inventory of 737 fuselages of significantly improved quality that are ready to ship, an executive with the planemaker told a Seattle aerospace conference on Tuesday.
WICHITA, Kan., Jan. 31, 2025 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. (NYSE: SPR) today announced that, at the special meeting of its shareholders held earlier today, its shareholders voted to approve the proposed acquisition of Spirit AeroSystems by The Boeing Company.
WICHITA, Kan. , Jan. 13, 2025 /PRNewswire/ -- Today, Spirit AeroSystems Holdings, Inc. (NYSE: SPR) ("Spirit," "Spirit AeroSystems" or the "Company") announced the sale of Fiber Materials Inc ("FMI") business based in Biddeford, Maine, and Woonsocket, Rhode Island, to Tex Tech Industries, Inc. ("Tex-Tech") for $165 million in cash.
Spirit Aerosystems (SPR) reported earnings 30 days ago. What's next for the stock?