GKN owner Melrose reports recovery in car and jet parts while Ryanair passenger numbers are up 50% on August 2020
A revival in air travel has prompted signs of recovery at aerospace manufacturers and airlines, with the UK engineering group Melrose swinging to a profit and Ryanair summer passenger numbers exceeding expectations.
Melrose, the owner of GKN, reported a £223m first-half profit and said there was recovery across its car and jet parts businesses, with the return of short-haul air travel boosting aerospace.
