Spirit Aero burns more cash as 737 output drops

(Reuters) – Spirit AeroSystems on Monday reported a higher quarterly cash burn on lower 737 fuselage shipments to its biggest customer Boeing, which is producing its best-selling narrowbody jets at a lower rate.

Cash burn for second quarter was $597 million, compared with a cash burn of $211 million a year ago.

(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Shilpi Majumdar)