Goldman Sachs has resumed coverage of nine airlines and gave a broad overview of the year ahead for the airline sector. Here's a look at the winners and losers in the industry, according to Goldman Sachs.
Spirit AeroSystems Holdings Inc (NYSE:SPR) is laying off 400-450 employees at its Wichita, Kansas factory due to a production slowdown at Boeing Co (NYSE: BA). The facility, central to ongoing quality issues with the 737 MAX jets, employs about 13,000 workers. Recent delays in Boeing's acquisition of Spirit have compounded these challenges, affecting the production of parts for Airbus aircraft as well.
President Joe Biden gave his approval to the Federal Aviation Administration (FAA) Reauthorization Act in a bid to improve airline passenger experience and improve air travel safety standards.
