Spirit AeroSystems expects quarterly revenue above estimates on Boeing production restart
10/02/2025 12:59
Feb 10 (Reuters) - Spirit AeroSystems SPR.N 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.N .
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 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.
(Reporting by Utkarsh Shetti in Bengaluru; Editing by Vijay
Kishore)
((UtkarshUmesh.Shetti@thomsonreuters.com;))