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WICHITA - Spirit AeroSystems Holdings, Inc. (NYSE:SPR) reported significantly wider losses for the third quarter of 2025, as the aircraft parts manufacturer continues to struggle with production cost increases and supply chain challenges.
The company posted an adjusted loss of $4.87 per share, far exceeding the analyst estimate of a $0.62 per share loss. Revenue came in at $1.6 billion, missing the consensus estimate of $1.94 billion, though it represented an 8% increase YoY from $1.47 billion in the same quarter last year. Following the results, Spirit shares fell 1.3%.
Spirit recorded $585 million in net forward losses during the quarter, primarily driven by cost increases on Boeing 737, Boeing 787, Airbus A220 and Airbus A350 programs. The company cited "supply chain and production cost growth" as major factors behind the disappointing performance.
"We will need to obtain additional funding to sustain operations, as we expect to continue generating operating losses for the foreseeable future," the company stated in its earnings release, highlighting substantial doubt about its ability to continue as a going concern.
Boeing 737 deliveries showed significant improvement, with 90 shipsets delivered in the quarter compared to 64 in the same period of 2024. Total deliveries across all programs increased to 392 shipsets from 332 a year earlier.
The company’s cash position deteriorated to $299 million at quarter end, down from $537 million at the end of 2024. Free cash flow usage was $230 million for the quarter, though this represented a 29% improvement from the $323 million used in the same period last year.
Spirit continues to work toward completion of its pending acquisition by Boeing, expected to close in the fourth quarter of 2025. The European Commission approved the deal on October 13, 2025, conditional upon the divestiture of Spirit’s Airbus-related businesses.
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