Spirit Airlines says its exposure to the latest Pratt & Whitney Geared Turbofan (GTF) engine issue is unique and material, and it's having an impact on margins.
While the issue disrupted deliveries to Boeing and impacted revenues, negative impacts will be partially offset by Spirit’s accelerating 737 production line.
The aircraft-maker has finished its proposed redesign of older 737 nacelles, but it must analyze maintenance-related errors to help mitigate their risk.
American Airlines, Delta Air Lines and United Airlines collectively spent $2.1 billion on maintenance in the second quarter, according to investment bank Jefferies.