DearWallstreet.com - Spirit AeroSystems posts quarterly loss on fewer aircraft part shipments

Spirit AeroSystems posts quarterly loss on fewer aircraft part shipments

By: Reuters
07:36 02/23/2021

(Reuters) - Spirit AeroSystems Holdings Inc reported a quarterly loss on Tuesday, hurt by fewer aircraft part shipments to top customers Boeing Co and Airbus SE following a slump in demand for air travel due to the COVID-19 pandemic.

The company posted a loss of $295.9 million, or $2.85 per share, in the fourth quarter ended Dec. 31, compared with a profit of $67.7 million, or 65 cents per share, a year earlier.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Shounak Dasgupta)

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