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The Guardian - UK

Business

Jasper Jolly

Rolls-Royce should have been quicker to raise prices, boss says, after profits surge

RollsRoyce Tufan Erginbilgic RTX

The jet engine assembly line at the Rolls-Royce plant in Dahlewitz near Berlin, Germany. Photograph: Nadja Wohlleben/Reuters

The boss of Rolls-Royce has said the company should have been quicker to increase charges for servicing its jet engines after price rises helped the company to a fivefold surge in profits.

The FTSE 100 engineering company made an underlying operating profit of £673m between January and June, up from £125m in the same period last year, it said in a statement to the stock market on Thursday.

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