Rolls-Royce promises more after profits rise as airlines recover

Rolls-Royce, the engineering giant known for its plane engines, reported a jump in profit and launched a strategic review into the company. Last year, large engine flying hours rose by 35%, but the engines still spent only two-thirds of the time in the air that they did in 2019. This year Rolls expects engine flying hours to reach 80% to 90% of 2019 levels. The business said it was going to set new financial targets in the second half of this year as it kicks off a strategic review of the business. Rolls-Royce reported an operating profit of £837 million last year and a pre-tax loss of £1.5 billion. Join the conversation on the company\’s transformation programme and stay updated on their progress by following my Facebook group.

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