Despite $3.8B COVID Hit, Rolls-Royce Sees Gradual Recovery in Air Travel
Credit: Rolls-Royce
LONDON—Aero-engine manufacturer Rolls-Royce has taken a £3 billion ($3.8 billion) hit to its finances as a result of the novel coronavirus pandemic. Despite the hit, described by CEO Warren East as a “historic shock,” the company says it sees a “gradual recovery” in widebody engine hours. However...
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