Rolls-Royce shares at 17-year low

The company has been particularly hard hit by the drop in long-distance travel, which has sharply curtailed demand for the wide-body planes its engines power.

Rolls-Royce shares fell to their lowest in 17 years after detailing a plan to raise as much as £2.5bn (€2.7bn) to brace against a drought in demand for aircraft engines.

Shares of the UK company slid for a fifth straight session, dropping as much as 12% after saying two days earlier it’s reviewing options including a rights issue, other forms of equity and new debt.