Spirit AeroSystems Calls On Boeing & Airbus To Share Inflation Burden: Report
Portfolio Pulse from Nabaparna Bhattacharya
Spirit AeroSystems has reportedly asked Boeing and Airbus to share a more significant portion of the financial strain brought about by inflation, deeming their contracts currently 'unsustainable.' In the first half of 2023, Spirit carried about $215 million in charges on the Boeing 787 Dreamliner and Airbus A220 and A350 programs due to wage inflation, parts shortages, and greater regulatory scrutiny. Spirit is finding the current situation financially unsustainable and is in talks with Boeing and Airbus to address these challenges.
September 08, 2023 | 11:30 am
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NEUTRAL IMPACT
Boeing is being asked by Spirit AeroSystems to share in the financial strain caused by inflation. This could potentially impact their financial obligations and stock price.
The news about Spirit AeroSystems asking Boeing to share the inflation burden could potentially lead to increased financial obligations for Boeing. However, the impact on their stock price in the short term is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Airbus is being asked by Spirit AeroSystems to share in the financial strain caused by inflation. This could potentially impact their financial obligations and stock price.
The news about Spirit AeroSystems asking Airbus to share the inflation burden could potentially lead to increased financial obligations for Airbus. However, the impact on their stock price in the short term is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Spirit AeroSystems is facing financial strain due to inflation and is seeking help from Boeing and Airbus. This could potentially impact their financial stability and stock price.
The news about Spirit AeroSystems asking Boeing and Airbus to share the inflation burden indicates financial strain on the company. This could potentially lead to a negative impact on their stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100