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Spirit Aero raises doubts over ability to continue
Boeing supplier Spirit AeroSystems says there’s ‘substantial doubt’ about its ability to keep operating
Aircraft-parts supplier Spirit AeroSystems Holdings Inc. on Tuesday said that there was “substantial doubt” about its ability to keep running as a “going concern,” as losses, debt, and difficulties at jet maker Boeing Co.
Key Boeing supplier Spirit Aero raises doubts over ability to continue as going concern
Spirit AeroSystems, a key supplier to US planemaker Boeing, warned on Tuesday there was “substantial doubt” that the company would be able to continue as a going concern.
Spirit AeroSystems Reports "Substantial Doubt" Over Continuing As A Going Concern
In Q3, despite its quarterly revenues climbing slightly to $1.47 million from $1.43 million, Spirit AeroSystems’ costs ballooned to $1.7 billion, resulting in an operating and net loss of $350.1 million and $476.6 million, respectively.
Boeing Supplier Spirit AeroSystems Faces Liquidity Challenges, Raises Doubts About Ongoing Viability
Spirit AeroSystems Holdings Inc. (SPR), a major supplier to Boeing, reported significant operating losses in recent years and raised
Spirit AeroSystems responds after Boeing strike ends
Wichita-based Spirit AeroSystems says it will soon end the furloughs of some of its employees and has no immediate plans to implement additional furloughs or layoffs after Boeing workers approved
Spirit AeroSystems warns of ability to continue as going concern amid cash crunch
Spirit AeroSystems, Boeing's key supplier, has raised substantial doubt about its ability to continue as a going concern. Read more.
Spirit AeroSystems raises doubts over ‘ability to continue as going concern’
Accordingly, these conditions and events raise substantial doubt about the Company’s ability to continue as a going concern…” Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news.
Stocktwits on MSN
1h
Boeing Hits 2-Year Low As Supplier Spirit AeroSystems Warns Of Cash Flow Crisis: Retail Faith Stays Afloat
Boeing Co. ($BA) shares slipped to a two-year low after falling over 3% to $144.13 on Wednesday morning after Spirit ...
The Tokenist
2h
Boeing’s Stock Down 41%+ YTD as Challenges Persist, Including Key Supplier Woes
These issues have compounded to impact Boeing’s stock performance, influencing investor sentiment and market dynamics in the ...
9d
New Dreamliner order hits in midst of Boeing strike, Spirit AeroSystems furloughs
Boeing's largest supplier — the order pointed to continued commercial aviation demand seen across the globe. There's much ...
12d
Spirit Aero losses deepen, burns cash as Boeing strike bites
Spirit AeroSystems posted deeper quarterly losses on Wednesday and said it was burning through dwindling cash reserves, as a ...
Morningstar
8d
As Boeing's Takeover of Spirit AeroSystems Approaches, Going It Alone Becomes Less and Less Viable
Spirit
AeroSystems was the largest independent aerostructure manufacturer, originally spun out of
Boeing
in 2005. The firm produces fuselages, wing structures, and structures that house and ...
1d
Key piece of Boeing's Spirit AeroSystems acquisition — involving aviation giant's arch-rival — remains on track
A Spirit spokesperson said Airbus' stated timeline for finalizing the purchase of certain Spirit assets "aligns with our ...
UPI News on MSN
2d
Boeing's machinist union to vote on new contract
Boeing's machinists' union members will vote on a new contract proposal on Monday that offers a 38% pay increase over the ...
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