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Spirit AeroSystems to reduce costs as MAX rates remain low

Spirit AeroSystems to reduce costs as MAX rates remain low

by Richard Schuurman | Nov 3, 2022 | Aerospace, Boeing | 0 comments

Tier-1 supplier Spirit AeroSystems is to initiate a cost reduction program to reduce structural costs and improve profitability and cash flow in 2023. It says it needs to as production rates of the Boeing 737/MAX remain around 31 per month, Spirit said in its Q3...
Spirit AeroSystems: higher deliveries but also higher net loss

Spirit AeroSystems: higher deliveries but also higher net loss

by Richard Schuurman | Aug 3, 2022 | Aerospace, Airlines, Boeing | 0 comments

UPDATE – Doubling the number of 737/MAX deliveries to Boeing helped Spirit AeroSystems to push revenues up by 26-28 percent in Q2 and HY1 respectively. The Tier 1 supplier is expecting a slower increase in production rates for the coming period as the industry...
AirInsight – News in Brief June

AirInsight – News in Brief June

by Richard Schuurman | Jun 30, 2022 | Aerospace, Airlines | 0 comments

Here is our rolling report with short aviation news for the month of June 2022: 30 – KLM has repaid the final €277 million of the state-backed credit facility that it received as Covid aid in 2020. Since May, the Dutch carrier repaid the €927 million drawn from...
Spirit’s MAX inventory grows as Boeing suffers hiccups

Spirit’s MAX inventory grows as Boeing suffers hiccups

by Richard Schuurman | Jun 9, 2022 | Aerospace | 0 comments

Production hick-ups on the MAX assembly line due to supply chain issues are also affecting Spirit AeroSystems’ deliveries to Boeing. As part shortages result in production disruptions in Renton, Spirit’s inventory of MAX fuselages is stacking up. But it isn’t too...
Higher MAX volumes benefit Spirit AeroSystems in Q1

Higher MAX volumes benefit Spirit AeroSystems in Q1

by Richard Schuurman | May 4, 2022 | Aerospace | 0 comments

Higher production volumes on the Boeing MAX program are the main driver behind better first-quarter results of Spirit AeroSystems. The Tier 1 supplier to Boeing, Airbus, and Bombardier reported thirty percent higher revenues and a 69 percent lower net loss on May 4....
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