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Spirit AeroSystems raises doubt about continuing as a ‘going concern’
Spirit AeroSystems is warning that its business viability remains in doubt, saying its cash reserves are drying up due to Boeing's sharply reduced production rates and to other factors driving steep losses on its Airbus and Boeing programme work.
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.
New Spirit AeroSystems filing raises further concern over company's health
"We retain a range of options and levers to address our financial and spacing constraints and are working with our customers on these matters," a Spirit spokesperson said.
Spirit Aero raises doubts over ability to continue as going concern
U.S. supplier Spirit AeroSystems said on Tuesday in a quarterly filing that substantial doubt exists about the company's ability to continue as a going concern.
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.
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.
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.
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
4d
on MSN
Airbus Outlines Next Steps In Acquisition Of Spirit AeroSystems' Work Packages
Airbus is on track to finalize its acquisition of a work package from Spirit AeroSystems before the end of 2024, marking a ...
17m
Spirit Aerosystems Faces Financial Turbulence Amid Merger Costs and Airbus Disposition
Spirit Aerosystems (SPR) has disclosed a new risk, in the Corporate Activity and Growth category. Spirit Aerosystems faces significant ...
KSNW Wichita on MSN
1d
Spirit AeroSystems says layoffs, furloughs may be needed
Spirit AeroSystems Holdings, Inc. said it has developed a plan to improve its situation, but it will depend on things, ...
4d
Spirit Belfast deal ‘to complete by year end’
Airbus says it expects its takeover of part of the Spirit AeroSystems operation in Belfast to be completed by the end of the ...
Morningstar
9d
As Boeing's Takeover of Spirit AeroSystems Approaches, Going It Alone Becomes Less and Less Viable
the company is vulnerable to future decisions taken by Boeing or
Airbus
to move to a different supplier or aircraft design.
Spirit
AeroSystems
has raised and maintained a considerable amount of ...
6d
on MSN
Airbus Reaffirms Delivery Goals After Months of Supply Chain Turmoil
Airbus is planning to replace the head of its commercial aircraft business, and stick with its goal to deliver about 770 ...
Aviation Week
7d
Airbus Names MTU CEO Lars Wagner As Next Commercial Aircraft Chief
Airbus has selected MTU Aero Engines CEO Lars Wagner as the new head of its commercial aircraft business. Wagner will join ...
2d
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 ...
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