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0.000749625187406325 0.0119940029985007 0.0074962518740629 0.0112443778110943 0.0269890054972514 0.0582208895552223 0.0584707646176911 0.0789605197401298
Stock impact report

Spirit posts quarterly loss on pandemic, 737 MAX pain [Reuters]

Spirit Aerosystems Holdings, Inc (SPR)  More Company Research Source: Reuters
Last spirit aerosystems holdings, inc earnings: 2/28 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.spiritaero.com
PDF By Reuters Staff 2 Min Read (Reuters) - Spirit AeroSystems Holdings Inc reported a quarterly loss on Tuesday, hurt by fewer aircraft part shipments to top customers Boeing Co and Airbus SE following a slump in demand for air travel due to the COVID-19 pandemic. Spirit stands to benefit from the recovery of Boeing’s 737 MAX jet, which was ungrounded by the U.S. Federal Aviation Administration in November after a 20-month ban. The MAX accounted for about 50% of Spirit’s sales in 2019. Analysts expect a material improvement in air travel in 2021 with narrowbody aircraft deliveries poised to ramp up, providing a boost for the company. Spirit’s total deliveries of shipsets, or complete sets of parts, fell 48.9% to 231 units in the fourth quarter. Total revenue decreased 55.3% to $876.6 million. The company posted a loss of $295.9 million, or $2.85 per share, in the fourth quarter ended Dec. 31, compared with a profit of $67.7 million, or 65 cents per share, a year earlier. On an adjusted [Read more]
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