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Spirit AeroSystems Reports Fourth Quarter 2024 Results

Spirit AeroSystems reported a revenue decrease to $1.7 billion in the fourth quarter of 2024 compared to 2023, as outlined in their financial results.
The company experienced an operating loss of $577 million in the fourth quarter of 2024, differing from an operating income of $215 million in the same period of 2023.
Spirit's cash flow improved with $137 million from operations and $91 million in free cash flow during the fourth quarter of 2024, attributed to increased Boeing 737 deliveries.
The Boeing Company agreed to provide advance payments of $350 million as part of agreements to support cash flow amid ongoing financial challenges.

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