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Spirit AeroSystems expects quarterly revenue above estimates on Boeing production restart
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Spirit AeroSystems expects quarterly revenue above estimates on Boeing production restart
Feb 10, 2025 5:14 AM

Feb 10 (Reuters) - Spirit AeroSystems ( SPR ) said on

Monday it expects to post a higher-than-expected quarterly

revenue, driven by restarted production at the aerospace

supplier's biggest customer, Boeing ( BA ).

Shares of the company rose about 1% in premarket trading.

Spirit's deliveries increased about 15% in the fourth

quarter, led by higher Boeing 737 and Airbus A320 shipsets. A

shipset refers to sets of structural fuselage components

produced or delivered for one aircraft.

Boeing ( BA ) last month said it was making progress on increasing

plane production after a crippling strike that shuttered

production of most of its jets ended in November.

Spirit expects revenues of $1.66 billion in the quarter

ended on Dec. 31, 2024, surpassing analysts' average estimates

of $1.61 billion.

The Wichita, Kansas-based company, however, expects to

report a loss of $413 million, owing in part to high labor and

raw material costs as the aerospace supply chain remains

strained. It had posted a profit of $291 million a year ago.

The company also reiterated that its management expects to

make a going-concern disclosure in its annual filing. In

November, it warned there was "substantial doubt" about the

company's ability to continue as a going concern.

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