Engine maker Rolls-Royce is capable of performing much better than it does right now. It should significantly improve the operating profit and cash position and deliver efficiency improvements to generate more cash and reduce its much too high debts so that…
Large engine flying hours of Rolls-Royce turbo engines have further increased to 65 percent of 2019 levels in the third quarter, up from sixty percent by the end of June. They are now on average at 62 percent for the year…
Rolls-Royce has produced its first operating profit since 2019, reporting a £414 million underlying operating result for 2021. The engine maker has completed a long and painful restructuring that has reduced its Civil Aerospace unit in size by one-third. It expects…
A combination of strong results, a progressive recovery of air travel, and the benefits of strict cost reduction programs have helped Rolls-Royce to report its first net profit since 2019. The UK-based engine and power systems maker reported a £147…
The extension of the contract that confirms Rolls-Royce as the exclusive supplier until 2030 for the Airbus A350-family is a major boost for the Derby-based engine manufacturer. It secures its return on investment on the twin-aisle program, although the Covid-crisis…
Engine flying hours on Rolls-Royce’s large commercial engines have gradually recovered in the past months but remain well-below 2019 levels as Covid-restrictions continue to impact air travel. The UK engine maker provided a trading update on December 11, anticipating a…