Spirit AeroSystems' Q2 loss doubled to $415mn due to stalled deliveries and Airbus A220 program losses.
Spirit AeroSystems' Q2 loss more than doubled to $415mn, mainly due to stalled deliveries, with 737 fuselage shipments to Boeing falling and losses rising on the Airbus A220 program. The company is now pursuing options to improve liquidity and reduce cash burn. The aviation industry's challenges are reflected in the company's share price drop, highlighting the ongoing recovery process.
August 05, 2024
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