Rolls-Royce CEO Says It Will Be `Several Years' Before Demand Recovers

The transcript discusses the impact of the COVID-19 crisis on Rolls Royce, particularly its civil aerospace sector, which constitutes 60% of its business. The company anticipates a significant drop in demand and is aligning its capacity accordingly. Site closures and job cuts are being considered, with consultations ongoing with unions. The aviation industry is expected to recover to pre-2019 levels over several years, with a shift towards sustainable air travel. The company aims to protect future jobs by making necessary adjustments now.

What percentage of Rolls Royce's business was represented by civil aerospace before the crisis?

What is the expected decrease in demand for Rolls Royce's civil aerospace business?

What actions is Rolls Royce taking to align capacity with expected medium-term demand?

What kind of reductions is Rolls Royce considering in response to decreased demand?

How long does Rolls Royce expect it will take for the aviation industry to recover to pre-COVID levels?

What are the potential impacts of plant closures on job losses at Rolls Royce?

What is the shared objective of Rolls Royce and its union colleagues regarding job protection?