what next for the former ‘burning platform?’
Rolls-Royce share price has surged this year and is hovering near its all-time high as demand for its engines continues rising. It rose to 1,090p on Monday, a few points below the year-to-date high of 1,110p. It has also jumped by 96% from its lowest level in April.
From a burning platform to a cash printer
Rolls-Royce Holdings has transitioned from what its CEO called a “burning platform” into a cash printer, thanks to its strong revenue and demand growth across all industries, including civil aviation, defense, and power.
The company has mostly benefited from the ongoing civil aviation boom that has made many airlines highly profitable. For example, United Airlines revenue rose to $57 billion last year from $50.5 billion in the…
