Spirit AeroSystems Holdings, Inc., a major supplier of aerostructures for commercial and defense aircraft, has announced its financial results for the fourth quarter of 2024. The company reported revenues of $1.7 billion, an operating loss of $577 million, and a net loss of $631 million, reflecting continued financial pressures despite an increase in production output.
Airbus is facing significant supply chain challenges, leading to a delay of up to one year for the A350F freighter program. Additionally, the manufacturer is encountering hurdles in increasing A350 production in the coming months due to component shortages and logistical constraints.
United Aircraft (Russia) has announced plans to issue more than 2 trillion shares, aiming to raise approximately $5.5 billion in capital. This move is intended to strengthen the company’s financial position and support ongoing aircraft development and production programs.
Boeing, a global leader in aerospace manufacturing, has announced its projected financial results for the fourth quarter of 2024, highlighting revenue of $15.2 billion. Despite significant revenue generation, the company anticipates a GAAP loss per share of ($5.46) and a negative operating cash flow of ($3.5) billion.
Airbus CEO Guillaume Faury has expressed strong confidence in the company’s ability to achieve its ambitious production target of manufacturing 75 single-aisle aircraft per month by 2027. The announcement reflects Airbus’ strategic focus on scaling up its production to meet the growing global demand for commercial aviation.
AerCap CEO Aengus Kelly has expressed concerns over the potential impact of trade tariffs proposed by US President-elect Donald Trump. Kelly warned that these tariffs could disrupt global supply chains, posing a significant challenge to the aviation industry, particularly to manufacturers like Boeing.
FAA Administrator Mike Whitaker has announced that Boeing has yet to resume production of the B737 MAXfollowing a machinists strike that temporarily halted operations. However, the aerospace giant is planning to restart manufacturing by late December 2024, marking a critical step in addressing the backlog of orders and stabilizing its production schedule.
Boeing has announced that it will take several weeks to fully resume the production of passenger aircraft, following the return of factory workers after a nearly two-month strike. This pause in manufacturing activity has led to delays in Boeing’s production schedule, impacting the company’s ability to meet existing orders and deliver aircraft on time. The strike, which affected…
