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Spirit AeroSystems Reports Financial Struggles Amid Industry Shifts

Spirit AeroSystems reported a significant quarterly operating loss of $577 million, marking a sharp decline from the previous year's profit. The company attributed its losses to production performance issues and higher labor and supply chain costs on key programs such as Boeing's 787 and Airbus' A220 and A350. Spirit's reliance on two major customers, Boeing and Airbus, has raised concerns about its ability to sustain operations.

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Spirit Aerosystems Faces Financial Challenges over Delivery and Production Δ1.94

Spirit AeroSystems reported a $577 million fourth-quarter operating loss, swinging from $215 million in operating income a year earlier, due to production performance issues and higher labor and supply chain costs. The company's deliveries were up on models for both Boeing and Airbus during the quarter, but revenue declined 9% to $1.65 billion. Spirit AeroSystems expects "significant reductions" in projected revenue and cash flows for the year due to production changes at Boeing.

Delta Air Lines, Inc. Crashed on Tuesday Δ1.74

Delta Air Lines, Inc. (NYSE:DAL) saw its share prices plummet by 6.43 percent on Tuesday to close at $54.69 apiece, as investors sold off positions amid escalating trade tensions and their impact on the transportation and aviation sectors. The decline was in line with its peers, including United Airlines, which lost 5.96 percent, and American Airlines, which shed 3.75 percent. As fuel prices are expected to rise due to President Donald Trump's imposition of a 10 percent tariff on energy resources from Canada, the airline industry is bracing for higher costs that could erode profit margins.

Rollsroyce Stock Outpacing Aerospace Peers This Year? Δ1.72

Rolls-Royce Holdings PLC has outperformed its peers in the aerospace industry so far this year, with a return of 28.9% compared to an average of 1.1% for the sector. The company's Zacks Rank has also improved, moving 1.2% higher within the past quarter, indicating a positive earnings outlook trend. With improving analyst sentiment and a strong year-to-date performance, Rolls-Royce Holdings PLC is looking like a solid investment opportunity.

Elon Musk Dealt Second Major Blow as Another Disaster Strikes Δ1.71

Elon Musk's week has been marred by multiple setbacks, including slumping European sales for Tesla and a failed test flight of SpaceX's Starship rocket. The electric vehicle market is becoming increasingly competitive, with Musk's company struggling to maintain its dominant position. The recent disaster has raised concerns about the safety and reliability of SpaceX's technology.

Boeing Must Face Shareholder Class Action Following MAX 9 Blowout Δ1.71

A federal judge on Friday certified a class action accusing Boeing of prioritizing profit over safety and overstating its commitment to safe aircraft, prior to the January 2024 mid-air cabin panel blowout on an Alaskan Airlines 737 MAX 9. The lawsuit, filed by shareholders led by Rhode Island's state treasurer, seeks damages for misleading statements that inflated the company's stock price following two MAX planes crashed in 2018 and 2019, killing 346. The class action allows greater recoveries at lower cost than individual lawsuits, which could lead to significant financial consequences for Boeing.

American Airlines (AAL) Stock Slides as Market Rises: Facts to Know Before You Trade Δ1.71

The latest trading day saw American Airlines (AAL) settle at $13.03, representing a -1.66% change from its previous close. American Airlines (AAL)'s stock has dropped by 22.33% in the past month, lagging behind the Transportation sector's loss of 5.34%. The upcoming earnings release is anticipated to be a significant event for investors, with consensus estimates expecting an EPS of -$0.23 and revenue of $13.12 billion.

Capital a Expected to Return to Profit This Year After 2024 Loss Δ1.71

Capital A made an attributable loss of 475.1 million ringgit ($106.5 million) for 2024, from a profit of 255.3 million ringgit in the previous year. The company said the loss was largely due to 1.4 billion ringgit in one-off forex losses mainly in its aviation business, which also caused the company's fourth-quarter loss to swell to 1.57 billion ringgit from 345.3 million ringgit a year earlier. Capital A is in the process of selling its AirAsia aviation business to long-haul unit AirAsia X Bhd, which counts Capital A as one of its top shareholders.

ResMed Inc. Faces Production Challenges Amid COVID-19 Recovery Δ1.70

ResMed Inc., a leading medical device manufacturer, is experiencing production delays and supply chain issues due to the ongoing recovery from the COVID-19 pandemic. The company's flagship product, AirView, has been impacted by late deliveries of fuselage parts from Spirit AeroSystems, further straining its already tight production schedule. These challenges raise concerns about ResMed's ability to meet its ambitious targets for the A350 jetliner and maintain its competitive edge in the medical device industry.

Phoenix Aviation Capital, AIP Capital and LuminArx Announce Acquisition of Three Airbus A330-300 Air Δ1.70

The acquisition of three Airbus A330-300 aircraft by Phoenix Aviation Capital, AIP Capital, and LuminArx marks a significant development in the aviation finance sector, where aircraft lessors are re-evaluating their strategies to stay competitive. The portfolio includes leased aircraft to major carriers China Airlines and EVA Air, demonstrating the partners' ability to secure high-quality assets. This deal is also notable for its global reach, with offices in multiple locations across the world.

Singapore Airlines Limited's Relatively Cheap Valuation Amidst Uncertainty Δ1.70

Singapore Airlines Limited (SGX:C6L) has seen a significant share price surge in recent months, trading at yearly-high levels, but its valuation remains relatively cheap compared to industry peers. The company's earnings and revenue growth prospects are uncertain, with an expected negative double-digit change in profit over the next couple of years, making it a high-risk investment. Despite this, the stock's stable performance and low volatility may make it an attractive option for risk-averse investors.

BAE Systems Gains Watchful Consideration Δ1.70

BAE Systems has demonstrated steady profit growth, with EPS increasing by 5.8% per year over the last three years. The company's revenue has also seen significant growth, rising by 14% to UKĀ£26b in the latest period. BAE Systems' ability to maintain profitability and grow earnings makes it an attractive investment opportunity.

Sunnova Stock Hits All-Time Low on 'Going Concern' Warning Δ1.70

Sunnova Energy International has announced that it may not be able to continue as a "going concern" in a year due to financial difficulties, which have led to its shares losing nearly two-thirds of their value. The solar power company's declining demand for alternative energy products has resulted in a 13% decrease in solar energy system and product sales revenue for fiscal 2024. Sunnova has taken steps to address its financial condition, including mandating domestic content for dealers and raising prices.

BOeing Must Face Shareholder Class Action Following MAX 9 Blowout Δ1.69

A federal judge has certified a class action lawsuit against Boeing, alleging the company prioritized profit over safety and overstated its commitment to safe aircraft before the January 2024 mid-air cabin panel blowout on an Alaskan Airlines 737 MAX 9. The class period is expected to begin in 2019 when Boeing resolved a U.S. Department of Justice criminal case related to MAX safety, and shareholders led by Rhode Island's state treasurer may sue as a group for damages. This certification marks a significant development in the ongoing saga surrounding the 737 MAX crisis.

AI Stocks Get Smashed in Market Shake-Up Δ1.69

Applied Digital's stock price plummeted 24.3% this week due to rising macroeconomic concerns and investor sell-outs following Nvidia's earnings report on Wednesday. Investors bristled at new tariffs on Canada and Mexico, as well as proposed export restrictions that could impact the sale of AI chips and semiconductor equipment to China. The company's reliance on Taiwanese semiconductors further fueled concerns about potential hardware cost increases.

Moon Landing Success Sparks Industry Growth Δ1.69

The recent landing of Blue Ghost, a private spacecraft developed by Firefly Aerospace, on the Moon's surface has significant implications for the space industry. The successful mission marks only the second time a commercial vehicle has reached the lunar surface, with Intuitive Machines' Athena spacecraft expected to follow suit in the coming days. As private companies like Firefly and Intuitive Machines push the boundaries of space exploration, they are helping to pave the way for future missions that could potentially unlock the Moon's resources.

Microsoft (Msft) Down 5.4% Since Last Earnings Report? Δ1.69

Microsoft reported second-quarter fiscal 2025 earnings of $3.23 per share, beating the Zacks Consensus Estimate by 3.86% and increasing 10.2% on a year-over-year basis. However, Microsoft stock fell as much as 6% in extended trading on decelerating growth in its Azure cloud infrastructure unit. The company's commercial business saw strong results, driven by increased demand for the Microsoft Cloud platform.

Nvidia Struggles to Meet Investor Expectations Δ1.69

Nvidia's fourth-quarter report delivered strong revenue growth, exceeding Wall Street estimates with $39.3 billion in sales, but its forecast for gross margin fell short, raising concerns about pricing pressure and competition. The company's stock price plummeted 8.5% on Thursday after the announcement, a decline that has left investors questioning whether the market is still optimistic about Nvidia's prospects. Despite beating expectations, the chipmaker's performance was unable to satisfy investors, leaving its market capitalization below $3 trillion.

Deutsche Lufthansa Full Year 2024 Earnings: EPS Beats Expectations Δ1.69

Deutsche Lufthansa's full-year 2024 earnings report revealed a revenue growth of 6.1% year-over-year, surpassing analyst estimates, and an earnings per share (EPS) beat by 34%. The airline company's net income declined by 28% compared to the previous year, while its profit margin decreased to 3.7%. Despite this, Deutsche Lufthansa's EPS growth suggests that the company is adapting to changing market conditions.

Marvell Plunges After Forecast Trails Loftiest Estimates Δ1.69

Marvell Technology Inc. experienced a significant drop in share value following a revenue forecast that did not meet the highest expectations of investors, resulting in a 16% decline in late trading. The company projected fiscal first-quarter sales of approximately $1.88 billion, aligning with average analyst estimates but falling short of some forecasts that reached up to $2 billion. This disappointment comes as the chipmaker is viewed as a crucial player in the AI sector, where investor sentiment has been shaky due to concerns over spending cuts from major customers.

Starship Program Hits Another Speed Bump with Second Consecutive Failure Δ1.69

The Starship program has encountered its second consecutive failure, with a recent test flight ending in a controlled crash after experiencing engine shutdowns and loss of communication. Engineers had made changes to the vehicle's systems prior to the flight, but these modifications did not seem to address the underlying issues that led to the first failure on January 16. The cause of the second failure remains unclear, with SpaceX attributing it to an "energetic event" in the aft portion of the Starship.

Ev Maker Polestar Seeks $450 Million Loan Amid Cash Burn Δ1.69

Polestar has secured additional loan funding of up to $450 million, it said on Friday, and would delay its fourth-quarter results to April as the Swedish electric vehicle maker burns through cash in its bid to bolster the business, amid falling demand. The company's financial struggles underscore the challenges facing many electric vehicle manufacturers in a softer buying environment and strong competition. Polestar's reliance on debt financing highlights the difficulties of sustaining profitability in an industry characterized by high upfront costs and intense market competition.

Canoo's CEO Is Buying the Bankrupt EV Startup's Assets Δ1.68

The CEO of Canoo, Anthony Aquila, has made a court filing to acquire nearly all of the company's assets out of bankruptcy for $4 million, simultaneously eliminating over $11 million in debt owed to his financial firm. This transaction comes shortly after Canoo filed for Chapter 7 bankruptcy and reflects the challenges faced by electric vehicle startups amid a saturated market. The bankruptcy trustee has indicated that the sale to Aquila's new entity, WHS Energy Solutions, is the preferred option due to the lack of financing available for EV manufacturing.

Porsche SE Expects $21.7 Billion Loss After Tax on Volkswagen Stake Impairment Δ1.68

Porsche SE, the largest shareholder of Volkswagen, anticipates a 2024 after-tax loss of approximately 20 billion euros ($21.7 billion) due to impairments on its stakes in both Volkswagen and Porsche AG. These impairments, which were originally disclosed in December, highlight significant declines in the market values of both companies amid ongoing labor disputes and strategic uncertainties. Porsche SE plans to release its full annual results on March 26, amidst expectations of a dividend for the past year despite the financial setbacks.

SpaceX Rocket Spins Out of Control in Test Flight Failure Δ1.68

A recent SpaceX rocket test flight resulted in a catastrophic explosion shortly after liftoff, grounding flights and raising concerns about falling debris. The failure marks the second consecutive test failure for the Starship program, which aims to establish a permanent human presence on Mars. Elon Musk's private space company is now working to rectify the issue and prevent further accidents.

Eco Wave Power Global's Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line Δ1.68

Eco Wave Power Global has reported full year 2024 earnings with revenues beating expectations, while the net loss of US$2.08m was narrower than anticipated, representing a 22% decrease from FY 2023. The company's shares have still taken a hit, falling 3.7% from last week. Despite this, revenue growth is forecast to outpace that of the broader renewable energy industry over the next two years.