Rolls-Royce plunges to worse than expected $5.6 bln loss

LONDON, March 11 (Reuters) - British engine-maker
Rolls-Royce plunged to a worse than expected 4 billion pound
($5.58 billion) loss in 2020 as the pandemic stopped airlines
flying, but stuck to its outlook for 2021.

Rolls-Royce posted group underlying pre-tax profit of 4
billion pounds for last year compared to the 3.1 billion pound
loss forecast by analysts. Its cash outflow, the measure most
watched by analysts, of 4.2 billion pounds was in line with
consensus.
($1 = 0.7175 pounds)
(Reporting by Sarah Young; editing by Guy Faulconbridge)