New York CNN —Spirit AeroSystems, the troubled Boeing supplier which builds fuselages and other parts for the company, reported its first adjusted quarterly profit since the start of 2022, helped by increased payments from Boeing.
But the continued quality and safety problems at Boeing, and at Spirit AeroSystems, caused the supplier to announce it would not give any outlook for profits the rest of the year.
Boeing announced on Sunday that Spirit AeroSystem workers disclosed there were misdrilled holes on 737 Max fuselages the company had built.
Because of that agreement, Spirit reported net income of $59 million for the quarter, a large improvement from the net loss of $243 million a year earlier.
Spirit has reported net losses every quarter since the start of the pandemic in early 2020.
Persons:
Max fuselages, Max, AeroSystems
Organizations:
New, New York CNN, Boeing, Alaksa Airlines, Max, Alaska, Federal Aviation Administration, Airbus, Spirit
Locations:
New York