Proactive Investors - Shares in Rolls-Royce Holdings PLC (LON:RR) edged lower as British Airways blamed it for more long-haul flight cancellations.
International Consolidated Airlines Group (LON:ICAG) owned British Airways said that it had made 'changes to schedules' due to the problems Rolls was having getting parts for its engines.
“We’re disappointed that we’ve had to make further changes to our schedule as we continue to experience delays to the delivery of engines and parts from Rolls-Royce – particularly in relation to the Rolls-Royce Trent 1000 engines fitted to our 787 aircraft,” British Airways said in a statement.
"We've taken this action because we do not believe the issue will be solved quickly,"
"We've apologised to those affected and are able to offer the vast majority a flight the same day with British Airways or one of our partner airlines.”
In response, Rolls-Royce said: “We continue to work with British Airways and all of our customers to minimise the impact of the limited availability of spares due to the current supply chain constraints.
“Unfortunately, this is an issue affecting the whole aerospace industry.”
BA has cancelled hundreds of long-haul flights this winter due to the issue, with six of its Boeing (NYSE:BA) 787 fleet reportedly grounded due to supply-chain disruption and major problems for its A380 “superjumbo” planes.
Flights between London, Washington and major cities in Asia have already been affected with passengers switched to other airlines or else put onto smaller planes.
Boeing’s production issues are adding to the problems with the US group just announcing it is firing 10% of its staff and that its new 777X models won't be ready until 2026, six years behind schedule.
Shares in Rolls-Royce dipped 0.9% to 532.6p and IAG 0.4% to 197.6p.