Rolls-Royce targets in jeopardy as pandemic brings air travel slump
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LONDON (Reuters) - British aero-engine maker Rolls-Royce will likely have to slash its 2020 cash flow target after airline customers parked hundreds of planes due to the coronavirus pandemic, analysts said.Rolls last updated the market at the end of February, when it forecast 2020 free cash flow of 1 billion pounds, excluding any material impact from COVID-19.The company is paid by airlines based on how many hours its engines fly, and since its update air travel has slumped. Jefferies analyst..