ATRO - Boeing Spirit Aero sink into the red following fatal Indonesia crash
Boeing (BA) -3.5% pre-market after a 737-500 flight operated by Sriwijaya Air carrying 62 people crashed in Indonesia on Saturday.Top Boeing suppliers Spirit AeroSystems (SPR) -3.9% pre-market; others on watch including [[TGI]], [[HXL]], [[HWM]], [[ATRO]], [[TDG]], [[CW]].The 737-500 model is much older than the troubled 737 MAX, but the pilot and co-pilot of the ill-fated flight had several decades of flying experience.The 737-500's most recent non-fatal accident was early last month when an Air Djibouti jet suffered a landing gear collapse upon arrival at an airport in Somalia.Spirit Aero, with 50% of revenues generated from the sale of components for Boeing's 737 aircraft, is "starting at a long road back to recovery," Michael A. Gayed writes in a new analysis posted on Seeking Alpha.
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Boeing, Spirit Aero sink into the red following fatal Indonesia crash