Spirit AeroSystems’ second quarter net losses driven by delivery delays

Spirit AeroSystems – the American aerostructures manufacturer recently reacquired by Boeing – posted a net loss of $415 million in the second quarter of 2024, doubling from last year’s second quarter net loss of $206 million. “While we have made significant improvements in the quality of our product, our financial results were negatively impacted by delivery delays as we continue to optimise the product verification process,” said Spirit AeroSystems executive vice president and chief financial officer Irene Esteves. Spirit and Boeing had established a joint product verification process in March 2024. The programme would “ensure conformity” of Spirit’s fuselages prior