MILAN - Alitalia was in the first half of 2007, its net losses slightly reduced. The net loss of 127.4 million euros from operating activities fell about 2.3 percent lower than in the same period last year. Alitalia lost despite a total increase of 2.24 to 2.31 billion euros, 211.1 million € turnover. In the second quarter increased fuel prices and strikes loaded the result.
Solo work stoppage of workers had led to revenue loss of around 65 million euros, Alitalia said in a statement. Thus, the net loss was € 11 million have been higher than expected. The Italian government is currently looking for investors held 49.9 percent of their package in the company.
Alitalia announced that the full-year loss will slow down, as of the previous financial year. Yet at the end of the year, a larger deficit is expected, as expected. Prato, Alitalia chairman stressed that the airline but still have adequate capital reserves to fly still at least a year from their own efforts.
Meanwhile, a sale of unprofitable routes will be discussed. About 80 compounds from the airports of Malpensa and Orio al Serio, near Milan will be closed and transferred to a competitor. Alitalia is planning to media reports earlier this month, but at the Milan Malpensa airport to cancel 154 services a day and to move to Rome.
person is given a takeover by Ryanair route networks. The Irish low cost company had repeatedly expressed interest in developing their Italian routes. This Friday is Ryanair to present a formal offer, a spokesman said in Dublin. The company plans to deploy 18 additional airports to the Boeing 737 and invest in the route rights is a billion U.S. dollars.
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