Spirit posts quarterly loss on pandemic, 737 MAX pain [Reuters]
Spirit Aerosystems Holdings, Inc. (SPR)
Last spirit aerosystems holdings, inc. earnings: 2/28 07:30 am
Check Earnings Report
US:NYSE Investor Relations:
investor.spiritaero.com
Company Research
Source: Reuters
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
Show less
Read more
Impact Snapshot
Event Time:
SPR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SPR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SPR alerts
High impacting Spirit Aerosystems Holdings, Inc. news events
Weekly update
A roundup of the hottest topics
SPR
News
- Latecoere: Appointment of New Directors [Yahoo! Finance]Yahoo! Finance
- Spirit AeroSystems to Release First Quarter 2024 Financial Results May 7 [Yahoo! Finance]Yahoo! Finance
- Spirit AeroSystems to Release First Quarter 2024 Financial Results May 7PR Newswire
- Boeing needs to 'think about their next airplane': Analyst [Yahoo! Finance]Yahoo! Finance
- Boeing's nightmare continues as company reports $355m losses after litany of plane safety issues [Yahoo! Finance]Yahoo! Finance
SPR
Earnings
- 2/6/24 - Miss
SPR
Sec Filings
- 4/23/24 - Form 8-K
- 4/10/24 - Form SC
- 4/1/24 - Form SC
- SPR's page on the SEC website