CHICAGO (Reuters) – Spirit Airlines (N:) said it is working with Airbus SE (PA:) and trade representatives to mitigate the impact of U.S. tariffs on European-made aircraft but does not see a near term impact on its overall cost structure.
Speaking on a conference call, a Spirit executive said its remaining Airbus deliveries for 2019 and its first nine firm orders to be delivered by mid-2020 will come from Airbus’ factory in Mobile, Alabama, which is not subject to the tariffs.
The U.S. budget carrier unveiled on Wednesday a provisional deal to order 100 Airbus A320neo-family jets to be delivered through 2027, becoming the first U.S. airline to pick European planes since Washington imposed a 10% tariff.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.