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0.000277886346743335 0.000447329241099085 0.00197231529030084 -0.000230442336323757 0.000277886346743335 -0.00268736430448206 -0.00325217395233467 0.00355378230428779
Stock impact report

Spirit Aero burns more cash as 737 output drops [Yahoo! Finance]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Cash burn was $444 million in the three months ended March 28, from $69 million a year earlier, the Wichita, Kansas-based company said. Shares fell 4% before the bell as the company again refrained from offering a financial forecast for 2024 and recorded losses on its A350 and A220 parts programs for its other client Airbus. The Federal Aviation Administration's (FAA) ramped up quality checks have pushed 737 MAX production much below the 38 per month cap the regulator had imposed, Reuters reported last month. The restriction followed a Jan. 5 mid-air door plug blowout on a 737 MAX 9 jet, the fuselage for which was made by Spirit Aero. Spirit said on Tuesday its current 737 fuselage production rate was about 31 per month, below levels it had anticipated last year. Meanwhile, Boeing's talks to acquire the company has hit a hurdle after Airbus has called for financial compensation to take on money-losing operations, Reuters reported last week. Talks with Boeing were ongoing, Show less Read more
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