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Spirit Aero burns more cash as 737 output drops
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Spirit Aero burns more cash as 737 output drops
Aug 5, 2024 1:38 PM

(Reuters) - Spirit AeroSystems ( SPR ) on Monday reported a higher quarterly cash burn on lower 737 fuselage shipments to its biggest customer Boeing ( BA ), which is producing its best-selling narrowbody jets at a lower rate.

Cash burn for second quarter was $597 million, compared with a cash burn of $211 million a year ago.

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