A real shipwreck.
Thursday, October 1, Rolls Royce was worth only 2.4 billion pounds, or 2.7 billion euros, on the stock market.
The action of the British engine manufacturer has lost 80% of its value since January 2020. The Covid-19 crisis has accentuated the weaknesses of the economic model of the group present in aeronautics, defense and energy, which was already in trouble to multiple technical problems on several engine programs before the crisis.
Rolls is paying dearly for a disastrous strategic decision, taken in 2011: its exit from the small engine market that equips the Airbus A 320 or Boeing 737. It was the largest market in terms of volume (70% of the total) and the most dynamic. before the crisis.
And this is the one who should get out of it the fastest.
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Coronavirus: Rolls-Royce cuts 9,000 jobs
The pandemic has put a brake on air traffic, in particular on the long-haul market, whose activity is still down 90% at the end of the summer.
However, this market constitutes the heart of the Rolls reactor, which powers
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