Spirit expects quarterly loss as coronavirus hits plane output [Reuters]
Spirit Aerosystems Holdings, Inc. (SPR)
Last spirit aerosystems holdings, inc. earnings: 2/28 07:30 am
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Source: Reuters
Spirit expects quarterly loss as coronavirus hits plane output (Reuters) - Spirit AeroSystems Holdings Inc ( SPR.N ) said on Tuesday it would swing to a first-quarter loss and warned of a bigger blow in the current quarter, as customers Boeing Co ( BA.N ) and Airbus SE ( AIR.PA ) whittle down production due to the coronavirus pandemic. Shares of the U.S. aircraft parts maker fell as much as 3% to $20 in the session, adding to the 72% fall in value this year. Boeing, which accounts for nearly 80% of Spirit’s revenue, and Airbus have halted or cut production of their planes after the coronavirus crisis triggered aviation’s worst industrial crisis and drastically reduced deliveries to cash-starved airlines. "Our expectation is that our business operations will not improve until our customers are willing to produce aircraft at sufficient levels," Spirit said here in a statement. “This may not occur until well after the broader global economy begins to improve.” The company has alrea
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SPR
News
- Boeing Completes Acquisition of Spirit AeroSystems, a Major Supplier [The New York Times]The New York Times
- FTC greenlights Boeing's $4.7B Spirit AeroSystems deal with conditions [Yahoo! Finance]Yahoo! Finance
- FTC orders Boeing to divest some Spirit assets for $8.3bn merger [Yahoo! Finance]Yahoo! Finance
- US FTC says Boeing must divest Spirit AeroSystems assets to proceed with merger [Yahoo! Finance Canada]Yahoo! Finance Canada
- US FTC says Boeing must divest Spirit AeroSystems assets to proceed with merger [Yahoo! Finance]Yahoo! Finance
SPR
Earnings
- 10/31/25 - Miss
SPR
Sec Filings
- 12/8/25 - Form 25-NSE
- 12/8/25 - Form 4
- 12/8/25 - Form 4
- SPR's page on the SEC website