The Airbus A320 series is poised to overtake the Boeing 737 as the most-delivered commercial airliner in history, according to aviation consultancy Cirium https://t.co/OY6ZkyyPpY ...

Financial Performance - Spirit AeroSystems reported second quarter 2025 revenue of $1.635 billion, a 10% increase from $1.492 billion in the same period of 2024 [23] - The operating loss for the second quarter of 2025 was $481 million, compared to a loss of $331 million in the same period of 2024, representing a 45% increase in losses [23] - The net loss for the second quarter of 2025 was $631 million, a 52% increase from $415 million in the second quarter of 2024 [23] Earnings and Cash Flow - The second quarter 2025 EPS was $(5.36), compared to $(3.56) in the same period of 2024, indicating a 51% decline [6][23] - Cash used in operations improved to $144 million in the second quarter of 2025 from $566 million in the same period of 2024, a 75% improvement [23] - Free cash flow usage decreased to $190 million in the second quarter of 2025 from $597 million in the same period of 2024, a 68% improvement [23] Backlog and Deliveries - Spirit's backlog at the end of the second quarter of 2025 was approximately $51 billion, encompassing work packages on all commercial platforms in the Airbus and Boeing backlog [3] - Total deliveries in the second quarter of 2025 increased significantly, with Boeing 737 deliveries rising to 113 from 27 year-over-year [24] Segment Performance - The Commercial segment revenue increased to $1.266 billion in the second quarter of 2025, up 8.6% from $1.166 billion in the same period of 2024 [23] - The Defense & Space segment revenue rose to $266 million, an 18.5% increase from $224 million in the second quarter of 2024 [23] - The Aftermarket segment revenue increased slightly to $102.8 million, up 1.7% from $101.1 million in the same period of 2024 [23] Strategic Developments - The company entered into a merger agreement with Boeing, expected to close in the fourth quarter of 2025, subject to regulatory approvals and other conditions [10] - Spirit has received a request for additional information from the Federal Trade Commission as part of the regulatory review process for the merger [10] Recent Legislation Impact - The One Big Beautiful Bill Act (OBBBA) signed into law on July 4, 2025, includes business tax reform provisions, but is not expected to have a material impact on Spirit's financial statements or cash taxes in 2025 [12]

Project Overview - A flight simulation from SFO to Oakland, lasting 5 to 10 minutes, was created by Brody Lev and Trevor Bailey [1] - The flight simulation uses a 3D printed Boeing 737 cockpit with displays [1] - The simulation runs on Microsoft Flight Simulator with softwares like Moby Flight, Auto Popout, and custom code [2] Development Details - The project took 2 years to assemble [3] - Future plans include installing metal components, sidewalls, and potentially a fully enclosed room [3] Event Context - The flight simulation booth was showcased at OpenSauce Live, an interactive STEM convention [3]

Garuda is paying twice as much to lease its latest Boeing Co. 737 Max jet than it does for the older 737 planes in its fleet, another potential blow to its finances as it tries to return to profitability. https://t.co/qu3vWRnt23 ...

Core Insights - Boeing has shown significant improvement in aircraft deliveries, with 280 aircraft delivered in the first half of 2025, a 60% increase compared to 175 in the same period of 2024 [2][5] - The production rate of the Boeing 737 is currently capped at 38 per month, with an expected review by the FAA to potentially increase this to 47 per month by the end of the year [3] - The production of the Boeing 787 has also increased, with 37 units produced in the first half of 2025 compared to 22 in the same period in 2024, reaching a production rate of 8 aircraft per month [4] Deliveries and Financial Health - Deliveries are crucial for Boeing's financial health, as payments are primarily made upon delivery; June 2025 saw 60 aircraft delivered, marking a 27% increase from June 2024 [5] - In June, Boeing delivered 8 aircraft to China, including 5 737s, 2 777s, and 1 787, following a negotiated exemption that allowed deliveries to resume after a previous halt [6] Orders and Market Performance - June 2025 also saw strong order activity, with new orders for 54 737s and 62 787s, including a significant order of 32 aircraft from British Airways [6] - Although June's bookings did not surpass May's, which were among the highest in company history, the overall market sentiment remains positive, with Boeing's stock increasing over 20% since the new CEO's appointment [7] Strategic Focus and Challenges - The new CEO's turnaround plan emphasizes safety as a foundation for profitability, and the growth in production supports this strategy [8] - Despite positive trends, Boeing faces challenges, including the recent crash of an Air India Boeing 787, which has led to scrutiny of fuel control switches [9][10] - Labor relations are also a concern, with the IAM authorizing a potential strike if contract negotiations fail, which could impact production in the defense sector [11] - Ongoing tariff issues contribute to supply chain instability, but the overall outlook for Boeing and the industry is more positive than a year ago [12]

Core Viewpoint - Southwest Airlines is implementing advanced cockpit alert systems across its Boeing 737 fleet to enhance safety and prevent runway errors, reflecting a commitment to pilot and passenger safety [1][4][9] Group 1: Technology Implementation - The airline has equipped over 700 aircraft with SmartRunway and SmartLanding software developed by Honeywell Aerospace Technologies [1] - The systems provide real-time visual and audio alerts during critical phases of flight, including taxi, takeoff, and landing [2] - The technology builds on Honeywell's Enhanced Ground Proximity Warning System, which was previously installed on Southwest's aircraft [2] Group 2: Safety Concerns - The new system aims to prevent frequent and potentially catastrophic errors at US airports, highlighted by a near-collision incident in February involving a Southwest jet [3] - Rising air traffic and a series of high-profile close calls have increased interest in the alert system among airlines [7] Group 3: Industry Adoption - While the technology is certified for various Airbus and Boeing aircraft, many airlines have not activated it despite its availability [5][6] - Airlines have the option to activate the technology, which incurs costs but is not mandated [6] - Some airlines, like Alaska Airlines, have adopted the system, while others rely on manufacturer-specific tools [9] Group 4: Regulatory Environment - The decision to implement the system aligns with renewed regulatory focus on runway safety, with an FAA advisory panel recommending mandatory cockpit alert systems for newly built aircraft [8]

Group 1 - Boeing's gross orders for new airplanes reached 303 in May 2025, the highest since December 2023, indicating a competitive edge over Airbus and efforts to stabilize production [1] - The company delivered 45 aircraft in May 2025, consistent with the previous month and significantly higher than the 24 delivered in May 2024 [1] - Year-to-date through May 2025, Boeing has delivered 220 airplanes, while Airbus has delivered 243, highlighting the importance of deliveries for cash generation [2] Group 2 - Boeing has netted orders for 512 planes in 2025, significantly outpacing Airbus's 215 orders, showcasing strong demand for its aircraft [3] - The upcoming Paris Air Show is expected to provide opportunities for Boeing to secure additional orders and showcase new technology [3]

Core Insights - Boeing has shown significant recovery progress under CEO Kelly Ortberg after years of struggles, including crashes, production halts, and labor strikes [1] Divestiture and Financial Impact - Boeing sold Jeppesen, a digital navigation services provider, for $10.55 billion to Thoma Bravo as part of a strategy to divest non-core assets [2] - The sale is expected to reduce Boeing's net debt by 14%, improving its balance sheet [5] Market Position and Demand - Jeppesen had a strong market position with steady cash flow from subscription revenue and a highly diversified customer base [3] - Boeing's aircraft deliveries have increased significantly, with April deliveries at roughly twice the rate of the previous year [7] International Orders and Strategic Partnerships - China has authorized the resumption of Boeing aircraft deliveries, with 50 aircraft worth approximately $1 billion scheduled for delivery [6] - Recent orders from Qatar, UAE, and Saudi Arabia have bolstered Boeing's backlog, including a record order of 210 aircraft from Qatar Airways [10][11][12] Challenges Ahead - Boeing still faces challenges, including regulatory approvals for the 737 MAX 7 and 10 and potential order shifts from United Airlines due to delivery delays [13] - Despite the recent positive developments, future orders from the Middle East may not be repeated, but the recent momentum is favorable for Boeing [14]

Core Viewpoint - Spirit AeroSystems reported a decline in revenue and operating loss in the first quarter of 2025, primarily due to reduced production activity on Boeing programs, particularly the Boeing 737, although there was an increase in Airbus program activity [2][4][10]. Financial Performance - Revenue for the first quarter of 2025 was $1.522 billion, down 11% from $1.703 billion in the same period of 2024 [24]. - The operating loss improved to $487 million from $528 million year-over-year, with an operating loss margin of 32.0% compared to 31.0% in 2024 [24]. - Net loss was $613 million, slightly improved from $617 million in the previous year, resulting in a net loss per share of $(5.21) compared to $(5.31) [10][24]. Cash Flow and Liquidity - Cash used in operations was $420 million, a slight increase from $416 million in the prior year, while free cash flow usage was $474 million compared to $444 million [25][30]. - The cash balance at the end of the first quarter of 2025 was $220 million, down from $537 million at the end of 2024 [25][31]. Segment Performance - Commercial segment revenue decreased by 14.3% to $1.162 billion, primarily due to lower production activity on Boeing programs [26]. - Defense & Space segment revenue increased by 4.1% to $261 million, driven by higher activity on the Boeing P-8 and Sikorsky CH-53K programs [26]. - Aftermarket segment revenue increased slightly to $99.2 million, although operating margin decreased due to sales mix [26][17]. Backlog and Deliveries - Spirit's backlog at the end of the first quarter of 2025 was approximately $48 billion, encompassing work packages on all commercial platforms for Airbus and Boeing [3]. - Total deliveries increased to 429 shipsets in the first quarter of 2025, up from 307 in the same period of 2024, with significant increases in Boeing 737 deliveries [26]. Strategic Developments - The company is in the process of a merger with Boeing, expected to close in the third quarter of 2025, subject to regulatory approvals and other conditions [13]. - Spirit has also entered into a definitive agreement with Airbus for the divestiture of certain assets for $439 million, expected to close concurrently with the Boeing acquisition [14].

Core Viewpoint - Spirit AeroSystems reported a challenging fourth quarter for 2024, with significant operating losses and a decrease in revenue compared to the previous year, primarily due to the impacts of the Boeing Memorandum of Agreement and production challenges. The company is preparing for its anticipated acquisition by Boeing in mid-2025, focusing on operational improvements and transition plans to ensure long-term success. Financial Performance - Spirit's revenue for the fourth quarter of 2024 was $1.65 billion, a decrease of 9% from $1.81 billion in the same period of 2023 [27] - The operating loss for the fourth quarter of 2024 was $577 million, compared to an operating income of $215 million in the fourth quarter of 2023 [27] - The net loss for the fourth quarter of 2024 was $631 million, translating to a loss per share of $(5.38), compared to a profit of $75 million and earnings per share of $0.66 in the same period of 2023 [27][7] Operational Highlights - Deliveries increased significantly in the fourth quarter, with Boeing 737 deliveries up 133% compared to the previous quarter, A220 deliveries up 37%, and A350 deliveries up 15% [2] - Spirit's backlog at the end of the fourth quarter of 2024 was approximately $47 billion, encompassing work packages on all commercial platforms in the Airbus and Boeing backlog [4] Cash Flow and Liquidity - Cash provided by operations improved to $137 million in the fourth quarter of 2024, up from $113 million in the same period of 2023 [28] - Free cash flow for the fourth quarter of 2024 was $91 million, compared to a negative cash flow of $1.27 billion in the previous year [28] - The company received advance payments from Boeing of up to $350 million and from Airbus of $107 million, with $200 million and $70 million received by the end of the fourth quarter, respectively [9] Segment Performance - The Commercial segment revenue decreased by 16.6% in the fourth quarter of 2024, primarily due to the Boeing MOA impacts, with an operating loss of $468.3 million [30] - The Defense & Space segment revenue increased by 30.9% year-over-year, driven by higher activity on specific programs, although it recorded net forward losses of $30 million [20] - The Aftermarket segment revenue increased by 29.8% compared to the previous year, primarily due to higher spare part sales, but the operating margin decreased due to sales mix [22] Acquisition and Future Outlook - The anticipated acquisition by Boeing is expected to close in mid-2025, subject to regulatory approvals and other conditions [13] - Management is focused on improving liquidity and operational efficiency, with plans dependent on various factors including customer advance repayments and production forecasts [11]