Rolls-Royce plunges to worse than expected $5.6 billion loss By Reuters

LONDON (Reuters) – British engine-maker Rolls-Royce (LON:RR) plunged to a worse than expected 4 billion pound ($5.58 billion) loss in 2020 as the pandemic stopped airlines flying, but stuck to its outlook for 2021.

Rolls-Royce posted group underlying pre-tax profit of 4 billion pounds for last year compared to the 3.1 billion pound loss forecast by analysts. Its cash outflow, the measure most watched by analysts, of 4.2 billion pounds was in line with consensus.