I understand Rolls Royce has had years and years of disappointing results even before COVID. Challenging operational issues. Yes there's a new CEO (again) but how can one be somewhat more confident that those issues are behind them?
Like it’s a function of installed base x utilization, and both of those are *not* in RR. Hands. So I think that makes me feel way better, it’s not them, it’s the tide
I think that rising tide lifts all boats. Rolls Royce didn't massively fuck up their business, rather the switch to EFH they did it first, and now Safran and others have done it.
I think the timing of the turnaround made it much more challenging, especially around COVID. The company likely was "better" than COVID made it seem, but obviously not good. In this case I will believe that their hyper torque to China's reopening is more important than any other factor. The rate of change for them is meaningful, and their intial guide at ~90% at 2019 seems like it will likely be wrong if the RBC scraping data is correct
I understand Rolls Royce has had years and years of disappointing results even before COVID. Challenging operational issues. Yes there's a new CEO (again) but how can one be somewhat more confident that those issues are behind them?
Like it’s a function of installed base x utilization, and both of those are *not* in RR. Hands. So I think that makes me feel way better, it’s not them, it’s the tide
I think that rising tide lifts all boats. Rolls Royce didn't massively fuck up their business, rather the switch to EFH they did it first, and now Safran and others have done it.
I think the timing of the turnaround made it much more challenging, especially around COVID. The company likely was "better" than COVID made it seem, but obviously not good. In this case I will believe that their hyper torque to China's reopening is more important than any other factor. The rate of change for them is meaningful, and their intial guide at ~90% at 2019 seems like it will likely be wrong if the RBC scraping data is correct
Kicking myself for missing IPAR after you wrote it. Really like the EL & EWQ idea
I think Air India's new order of 40 A350 will be powered by Rolls Royce
Airbus massively overweights rolls Royce!