{"id":42781,"date":"2021-03-11T16:02:22","date_gmt":"2021-03-11T12:02:22","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=42781"},"modified":"2021-03-11T16:02:23","modified_gmt":"2021-03-11T12:02:23","slug":"rolls-royce-says-that-the-worst-is-over-after-incurring-record-losses","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/rolls-royce-says-that-the-worst-is-over-after-incurring-record-losses\/03\/11\/market-updates\/","title":{"rendered":"Rolls Royce Says That The Worst is Over After Incurring Record Losses"},"content":{"rendered":"\n<p>The CEO of British engine manufacturer Rolls Royce predicted that the worst is over in the Covid-19 crisis, after the company recorded a record basic loss of four billion pounds, equivalent to $5.6 billion, in 2020 after its customers stopped operating flights.<\/p>\n\n\n\n<p>The company said that the rate of capital use in operating expenses will decrease by half this year and may turn to a positive rate in the second half with the spread of vaccinations and passengers returning to flights.<\/p>\n\n\n\n<p>&#8220;The worst is already over,&#8221; Chief Executive Warren East said. He added that even if the outlook proves to be too optimistic, the company is in a good position to cope with more volatility after efforts to cut costs and raise funds.<\/p>\n\n\n\n<p>&#8220;We have abundant liquidity to overcome this crisis, however long it lasts,&#8221; he told reporters.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CEO of British engine manufacturer Rolls Royce predicted that the worst is over in the Covid-19 crisis, after the company recorded a record basic loss of four billion pounds, equivalent to $5.6 billion, in 2020 after its customers stopped operating flights. The company said that the rate of capital use in operating expenses will &hellip;<\/p>\n","protected":false},"author":9,"featured_media":42782,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[7327],"class_list":["post-42781","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-rolls-royce"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=42781"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42781\/revisions"}],"predecessor-version":[{"id":42783,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42781\/revisions\/42783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/42782"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=42781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=42781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=42781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}