Close Menu
  • Home
  • AI & Technology
  • Politics
  • Business
  • Cryptocurrency
  • Sports
  • Finance
  • Fitness
  • Gadgets
  • World
  • Marketing

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Putin Criminalizes Online Searches for ‘Extremist’ Content

August 1, 2025

Ethereum Taker Sell Volume Hits $335M In Just 2 Minutes: Panic Or Profit-Taking?

August 1, 2025

Polkadot Isn’t Done Yet—Breakout Point To Bigger Gains Ahead

August 1, 2025
Facebook X (Twitter) Instagram
  • Home
  • About US
  • Advertise
  • Contact US
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
MNK NewsMNK News
  • Home
  • AI & Technology
  • Politics
  • Business
  • Cryptocurrency
  • Sports
  • Finance
  • Fitness
  • Gadgets
  • World
  • Marketing
MNK NewsMNK News
Home » Spirit Aero first-quarter revenue falls amid slower Boeing production
Finance

Spirit Aero first-quarter revenue falls amid slower Boeing production

MNK NewsBy MNK NewsMay 1, 2025Updated:May 2, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


(Reuters) -Aerospace supplier Spirit AeroSystems on Thursday reported a drop in first-quarter revenue, hurt by slower production across most programs at its key customer Boeing.

Spirit said production on the Boeing 737 program was higher early in the first quarter of 2024 as it prepared for expected rate increases, which were later delayed.

Boeing is in the process of acquiring Spirit, its Wichita-based former subsidiary, in a deal expected to close in the third quarter of this year.

Last week, European planemaker Airbus finalized a deal to take over some Spirit plants as part of a carve-up of the struggling supplier with rival Boeing.

Spirit posted a net loss of $613 million, or $5.21 per share, for the reported quarter, compared with a loss of $617 million, or $5.31 per share, a year earlier.

The company reported a cash burn, a metric closely watched by investors, of $474 million, compared with $444 million, reported a year ago.

Spirit said customer advances received in 2024 and 2025 have helped support operations, but warned there is no assurance it can secure further advances, repay existing ones on time, or obtain additional liquidity on acceptable terms.

It said its management is also exploring additional steps to bolster liquidity, including seeking more customer advances and restructuring operations to improve efficiency and cut costs.

Net revenues in the quarter through March fell 11% to $1.52 billion. Spirit did not provide an outlook for 2025 citing its pending merger with Boeing.

(Reporting by Shivansh Tiwary in Bengaluru; Editing by Shailesh Kuber)



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
MNK News
  • Website

Related Posts

Rite Aid files for bankruptcy — again

May 6, 2025

How to Track Driver Performance Without Micromanaging

May 6, 2025

Ford says its Q1 profit fell by two-thirds and it expects a $1.5 billion hit from tariffs this year

May 6, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Pakistan, Afghanistan, UAE to play T20I tri-series in Sharjah – Sport

August 1, 2025

Pakistan beat West Indies in first T20I in 3-match series – Sport

August 1, 2025

McIntosh and Marchand dazzle for gold at world championships – Sport

August 1, 2025

Top seeds Zverev, Gauff advance at Canadian Open – Sport

July 31, 2025
Our Picks

Ethereum Taker Sell Volume Hits $335M In Just 2 Minutes: Panic Or Profit-Taking?

August 1, 2025

Polkadot Isn’t Done Yet—Breakout Point To Bigger Gains Ahead

August 1, 2025

Analyst Predicts Historical 90% XRP Crash Against Bitcoin, But This Will Happen First

August 1, 2025

Recent Posts

  • Putin Criminalizes Online Searches for ‘Extremist’ Content
  • Ethereum Taker Sell Volume Hits $335M In Just 2 Minutes: Panic Or Profit-Taking?
  • Polkadot Isn’t Done Yet—Breakout Point To Bigger Gains Ahead
  • Tesla found partially liable for a deadly 2019 crash
  • Jury Finds Elon Musk’s Tesla Partly at Fault in Autopilot Crash Lawsuit, Awards $200 Million in Damages

Recent Comments

No comments to show.
MNK News
Facebook X (Twitter) Instagram Pinterest Vimeo YouTube
  • Home
  • About US
  • Advertise
  • Contact US
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 mnknews. Designed by mnknews.

Type above and press Enter to search. Press Esc to cancel.