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 to...
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 million net profit...
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...
Rolls-Royce is confident its cash costs on the Trent 1000 have peaked last year and that costs and issues with the large turbofan engine are fully under control now, the UK-maker said at its FY19 results presentation. On February 28, R-R reported a net operating loss...
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