Spirit AeroSystems’ 2Q23 results are disappointing. The company posted a loss per share of -$1.46, substantially lower than the consensus estimate of -$0.71. Revenues were 5 percent ahead of consensus. The weakness was focused on the company’s commercial side, which…
UPDATE – In the worst scenario, the eleven-day strike at Spirit AeroSystems in June and July could impact 737 P-8A and MAX fuselage deliveries to Boeing by between twenty and fifty shipsets this year. Spirit has revised its guidance for…
Delhi-based low-cost airline IndiGo has reported its highest-ever quarterly earnings of Rs 171.609 billion and its highest-ever quarterly net profit of Rs 30.906 billion during the first quarter of the fiscal year 2023-24. Incidentally, the airline reported a net loss…
The month ends tomorrow, and barring miraculous numbers, the trend is in – OEM deliveries slowed a lot in July. Industry-wide new aircraft deliveries through the 30th currently hover at 100 compared to last month’s 142. Did summer vacations come…
UPDATE – Boeing’s announcement that the first deliveries of the MAX 7 will only start in 2024 must have come too late for Southwest Airlines to include in its HY1 earnings release. The carrier still includes 31 deliveries of the…
First deliveries of the Boeing MAX 7 will slip to 2024, the airframer said in an SEC filing released on Wednesday after the presentation of its HY1 results. The airframer and its customers, notably Southwest Airlines, had hoped that the smallest…