1142 GMT - Rolls-Royce had a strong start to the year with increased engine flying hours, which beat expectations despite travel disruption from the U.S.-Iran war, Bank of America analysts Benjamin Heelan and Lorenzo Di Patrizi write. "This performance reinforces our view that the widebody market is proving more resilient than expected," they say. BofA raises FY26 free cash flow forecast 8% and FY27 by 2%, reversing cuts announced in March. Power orders were up 50% on year, and defense sectors showed material growth reinforcing the promising momentum at group level, the analysts say. Shares are down 1.1% at 1,169.40 pence, after rising 7.6% Thursday. (julia.nasser@wsj.com)
(END) Dow Jones Newswires
May 01, 2026 07:43 ET (11:43 GMT)
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