Aerospace giant Rolls-Royce logs £5.4 bn H1 loss on virus

AFP

2020/08/28 | 390 words | LE JOURNAL DE L'AVIATION | INDUSTRY / TECHNOLOGY

British aerospace giant Rolls-Royce on Thursday logged a vast net loss for the first half of 2020 as the coronavirus outbreak grounded aircraft worldwide and sparked a crisis in air transport.Rolls, which operates in the air, defence and energy sectors, posted a net loss of £5.4 billion ($7.1 billion, 6.0 billion euros) in the six months to June.It also unveiled a £2.0-billion asset disposal programme as part of its ongoing overhaul.The dire first-half performance compared with a year-earlie...(…)

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