Spirit AeroSystems posts quarterly loss on pandemic, 737 MAX pain

Spirit AeroSystems Holdings Inc reported a bigger-than-expected quarterly loss, hurt by fewer aircraft part shipments to top customers Boeing Co and Airbus following a slump in demand for air travel due to the Covid-19 pandemic.
 

"2020 was one of the most challenging years in aviation history. For Spirit, the 737 MAX grounding and the Covid-19 pandemic created a dual-crisis," Spirit Chief Executive Officer Tom Gentile said.
 

The company now stands to benefit from ungrounding of the Boeing 737 MAX jet by the U.S. Federal Aviation Administration in November after a 20-month ban. The MAX accounted for about 50% of Spirit's