Spirit Aero posts 3rd-quarter revenue below estimates

Spirit Aero posts third-quarter revenue below estimates as Boeing strike weighs on results
U.S. supplier Spirit AeroSystems on Wednesday reported third-quarter revenue below analysts' estimates and a loss of $4.07 per share, as a strike by Boeing factory workers weighed on its results. The company said that it would not provide forecast for the current year.
Spirit Aero’s quarterly losses widen amid Boeing strike, shares down
Shares in Spirit AeroSystems (NYSE:SPR) fell around 1% in premarket trading Thursday after the aerostructure supplier reported a deeper-than-expected quarterly loss.
Boeing CEO remains committed to Spirit AeroSystems purchase amid strike, financial issues
"Just to be clear, there's no change in our commitment to the Spirit acquisition and the integration," Boeing CEO Kelly Ortberg said.
Spirit AeroSystems posts deep losses in Q3 as Boeing strike hit finances
Boeing suppliers that invested heavily on materials and tooling to support the planemaker's planned ramp-up of jets have been furloughing workers in recent weeks and holding off on investments due
Spirit AeroSystems Faces Strike Aftershocks
Spirit AeroSystems, a U.S. supplier, warns of potential layoffs and furloughs if Boeing's machinist strike continues beyond November. The company cites financial pressures and inventory concerns as reasons for these measures.
Spirit could have layoffs after Boeing strike continues
A Spirit spokesperson told KSN that regardless of the outcome, 700 Spirit workers in Wichita are still being furloughed on Monday. Tonight’s offer would have given 33,000 Boeing machinists a 35% wage increase over four years and end the 41-day strike.
Spirit Aerosystems (SPR) Reports Q3 Loss, Lags Revenue Estimates
Spirit Aerosystems (SPR) delivered earnings and revenue surprises of -1,793.75% and 19.55%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?
Spirit Aero losses deepen, burns cash as Boeing strike bites
Spirit AeroSystems posted deeper quarterly losses on Wednesday and said it was burning through dwindling cash reserves, as a strike by Boeing U.S. factory workers hammered the finances of its biggest supplier.
Boeing reports $6.1 billion loss as strike takes toll on plane maker
Boeing reported a massive third-quarter loss, partly due to billions in charges from its airline programs as well as the current strike.
Boeing: Revenue Dips, Losses Deepen
Boeing's Q3 2024 revenue down slightly to $17.8 billion, a 1% decrease year-over-year. The net loss widened significantly due to operational challenges and pre-tax charges. Boeing's backlog remains robust at $511 billion.
Boeing reports $6.2B loss as it awaits vote on end to strike
Boeing reported a whopping $6.2 billion quarterly loss Wednesday as a nearly six-week labor strike weighed on its commercial plane division and costly problems dragged down its defense and space business.
Spirit Aero to Implement a 21-Day Furlough for Approximately 700 Employees
(Reuters) - U.S. supplier Spirit AeroSystems will implement a 21-day furlough for approximately 700 employees working on the ...
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Spirit AeroSystems Widens Loss, Posts Lower-Than-Expected 3Q Earnings
Spirit AeroSystems widened its net loss and missed analyst expectations in the third quarter. The plane manufacturer on Wednesday reported a net loss of $477 million, or $4.07 a share, compared ...
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Spirit AeroSystems, Wichita's largest employer, told 700 of it's 7-67 and triple seven program workers, will be furloughed.