Spirit Aero Losses Deepen, Burns Cash As Boeing Strike Bites

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Wed, 10/23/2024 - 4:40pm

Spirit Aero losses deepen, burns cash as Boeing strike bites

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Spirit Aero losses deepen, burns cash amid Boeing strike
Spirit AeroSystems posted deeper quarterly losses on Wednesday and said it was burning through dwindling cash reserves, as a strike by Boeing US factory workers hammered the finances of its biggest ...
10/24/2024 - 12:17 pm | View Link
Spirit Aero losses deepen, burns cash as Boeing strike bites
(Corrects story from Oct. 23, paragraph 3 and bullet point, to clarify that Spirit did receive $425 million cash from Boeing and that the amount was increased and partly repaid) (Reuters) -Spirit ...
10/24/2024 - 9:49 am | View Link
Boeing strike barrels on as workers reject wage deal
SEATTLE, Oct 23 (Reuters) - Boeing (BA.N) factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday, in a blow to new CEO Kelly Ortberg's plan to shore up ...
10/23/2024 - 9:44 pm | View Link
MTU Aero Engines beats Q3 expectations led by commercial business
German engine manufacturer MTU Aero Engines beat third-quarter profit expectations on Thursday buoyed by commercial original equipment manufacturing and its spare parts business.
10/23/2024 - 6:37 pm | View Link
Boeing to cut 17,000 jobs as losses deepen during factory strike
Boeing plans to cut about 10% of its workforce of roughly 170,000 people. The manufacturer will also delay the launch of its new 777X wide-body planes until 2026. A factory strike is almost a month ...
10/11/2024 - 9:42 am | View Link
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