Transportation
Rolls-Royce Reiterates 2024 Guidance Amid Supply Chain Woes
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Rolls-Royce Holdings Plc expects to meet its annual profit guidance as a surge in long-haul travel drive demand for engines and their maintenance and the company trims costs.
The UK engine maker reiterated its increased goal of reporting underlying operating profit of £2.1 billion ($2.7 billion) to £2.3 billion and free cash flow of as much as £2.2 billion, according to a statement on Thursday. Supply chain issues are continuing to hamper production, and the company said it was focusing on 15 suppliers to improve performance.