Rolls-Royce reports £4bn loss as Covid crisis shakes jet-engine maker

Air travel restrictions forced firm to burn through £4.2bn in cash to keep afloat as revenues collapsedRolls-Royce has reported a loss of £4bn for 2020 as the jet-engine manufacturer’s business was shaken by the coronavirus pandemic.The FTSE 100 manufacturer revealed it burned through £4.2bn in cash during the year as revenues from servicing passenger aircraft collapsed. It expects to burn through a further £2bn this year. Continue reading... https://www.theguardian.com/business/2021/mar/11/rolls-royce-reports-4bn-loss-as-covid-crisis-shakes-jet-engine-maker #rolls-royce #business #airline_industry #coronavirus #uk_news