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Why Spirit AeroSystems Stock Is Crashing Today

·2-min read
Why Spirit AeroSystems Stock Is Crashing Today

On Thursday, the airline industry was hit by fresh bad news, and stocks of companies that rely on airlines for profits are taking it on the chin on Friday. Shares of Spirit AeroSystems Holdings (NYSE: SPR) fell as much as 14% on concerns a new COVID-19 variant could push back airline growth plans and crimp demand for new planes. Spirit makes fuselages and other large pieces of planes for Boeing, its former parent, and Airbus.

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