Aviation woes keep Meggitt pinned down in first quarter

posted on 29th April 2021 by Eddie Saunders
Aviation woes keep Meggitt pinned down in first quarter

By Edward Thicknesse, cityam.com

Aerospace engineer Meggitt said that the ongoing aviation crisis due to the pandemic had continued to hold it back in the first quarter.

The FTSE 250 firm said that revenue was down 29 per cent for the period, with its civil aerospace division down 46 per cent so far this year.

However, it said that its revenue was showing signs of improvement, after being 35 per cent down last quarter.