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Rolls-Royce reports £4bn loss as Covid crisis shakes jet-engine maker

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Air travel restrictions forced firm to burn through £4.2bn in cash to keep afloat as revenues collapsed

Rolls-Royce has reported a loss of £4bn for 2020 as the jet-engine maker’s business was shaken by the coronavirus pandemic.

The FTSE 100 manufacturer revealed it burned through £4.2bn in cash during the year as revenues from servicing passenger aircraft collapsed.

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