By 11.13% NYSE: SPR grew to $31.15 on Thursday as market close. Demanding investors increased daily trading volume to 13,737,826 shares while SPR’s average volume was surpassed. Pre-Market stock at 7:07 AM EDT already gains more than 10%.
As airlines restoring their pre-quarantine stock prices SPR is doing the same together with Boeing (NYSE: BA). Since it is the largest supplier to Boeing, the orders for manufacturing new planes seem already started.
Q1 2020 revenue as normally became terrible for Spirit Aerosystems since external factors are unavoidable. Gross loss reached $35.2 million while operating loss became $124.9 million. Several airlines filed for bankruptcy worldwide. Spirit AeroSystems Holdings could survive the global lockdown that hit the travel industry severely.