Rolls-Royce stuck to its guidance to turn cash flow positive during the second half of next year and said it was on track to deliver its cost-saving targets.
Rolls-Royce said engine flying hours, a key measure of its income, were down 42% in the 11 months to November as COVID-19 choked airline flying and warned that the pace of recovery had slowed more recently due to an uptick in infection rates.
