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Evening Standard

Business

Michael Hunter

SHOCKING: Rolls royce expects return to pre pandemic flying hours in 2024 - What They Never Told You

A Rolls-Royce engine (Paul Ellis/PA)
(Picture: PA Archive)

Rolls-Royce has said it expects the amount of flying time for its engines to return to pre-pandemic levels in 2024 as revenues continue to recover but warned of problems recruiting engineers in the UK’s tight labour market.

The company is paid by customers based on the number of hours its world-famous engines are used and its revenue streams took a massive hit when airlines were grounded during Covid-19 travel restrictions. Underlying revenue in first half of the year was £5.3 billion, up 4%, helped by an increase in the amount of flying time as air travel returned.

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