Rolls-Royce plunges into the red on air travel hit

While Rolls-Royce has misplaced billions and continues to burn thru money, buyers will take some restricted reassurance from this set of effects. Chief govt Warren East forecast that the corporate will flip money sure in the second-half of this yr, and that the selection of hours its engines spend in the air – an important metric as the corporate best earns cash when planes fly – will building up this yr, even if best to 55% of pre-pandemic ranges.

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