(Reuters) - Senior Plc (L:SNR) on Tuesday said its revenue was unlikely to recover before 2022 as the British aerospace supplier grapples with setbacks to jet production and global travel demand during the COVID-19 pandemic.
The company posted a 45% drop in third-quarter sales at the aerospace unit, its biggest business, and said it would close its Senior Aerospace Bosman business in the Netherlands as it looks to cut rising costs.