Rolls-Royce engine hours recovering fastest among rivals- analyst

Rolls-Royce Holdings PLC (LSE:RR.) enjoyed a more rapid recovery in terms of the flight times of its engines toward 2019 levels than rivals last year, CitiGroup analysts have revealed. Combined hours flown by its engines ended the year 8% off pre-pandemic levels, the bank’s data showed on Friday, having seen a 42% increase in cycles compared to 2022. Though this was off General Electric’s engine times, which closed the year 7% off 2019 levels, Rolls-Royce began the year from a lower base meaning the FTSE 10 ...