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Spirit AeroSystems might need more help from Boeing.
Aircraft-parts supplier Spirit AeroSystems Holdings Inc. on Tuesday said that there was “substantial doubt” about its ability to keep running as a “going concern,” as losses, debt, and difficulties at jet maker Boeing Co. pile up.
U.S. supplier Spirit AeroSystems said on Tuesday in a quarterly filing that substantial doubt exists about the company's ability to continue as a going concern.
Oil rebounds on possible U.S. SPR buy, yet weak demand and high inventories keep bearish outlook. Key price levels and election risks loom for crude traders.
Spirit AeroSystems is weighing furloughs or layoffs of hundreds more employees if the Boeing machinists' strike stretches beyond Nov. 25, a company spokesman told CNBC Thursday. More than 32,000 Boeing machinists walked off the job on Sept.
Boeing workers rejected a deal to end the strike for the second time, late Wednesday.
While the top- and bottom-line numbers for Spirit Aerosystems (SPR) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Spirit Aerosystems (SPR) came out with a quarterly loss of $3.03 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $1.42 per share a year ago.
U.S. supplier Spirit AeroSystems will implement a 21-day furlough for approximately 700 employees working on the 767 and 777 programs, effective Oct. 28, the company said on Wednesday.
WICHITA, Kan. , Oct. 23, 2024 /PRNewswire/ -- Third Quarter 2024 Revenues of $1.5 billion EPS of $(4.07); Adjusted EPS* of $(3.03) Cash used in operations of $276 million; Free cash flow* usage of $323 million Spirit AeroSystems Holdings, Inc. (NYSE: SPR) ("Spirit," "Spirit AeroSystems" or the "Company") reported third quarter 2024 financial results.