‘As Long as It Lasts’: Rolls Royce Says Can Weather Crisis Despite Record Loss

‘As Long as It Lasts’: Rolls Royce Says Can Weather Crisis Despite Record Loss
People look at Rolls Royce's Trent Engine displayed at the Singapore Airshow in Singapore, on Feb. 11, 2020. Edgar Su/Reuters
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LONDON—Rolls Royce has enough funding to weather the crisis in the aviation industry caused by the pandemic, its chief executive said on Thursday after the engine maker plunged to a record £4 billion ($5.6 billion) underlying loss for 2020.

The British company said its cash burn should halve this year, and turn positive in the second half as vaccinations kick in and travelers return to the skies.