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Alitalia Posts US$20 Million Q1 Loss  
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13745 posts, RR: 19
Posted (12 years 7 months 1 week 4 days 3 hours ago) and read 2315 times:

Alitalia reported an operating loss of US$20 million for Q1 compared to a loss of $111 million last Q1.

Alitalia sacked 900 people out of it's 24 000 workforce after the September 11 2001 terrorist attacks which helped the revenues which came in at $1 billion, down 11%.

Alitalia will raise $1.3 billion in a rights issue which means that the Italian state will increase it's stake in Alitalia to 61%.

More information at the Financial Times website


Anyone can fly, only the best Soar.
10 replies: All unread, jump to last
 
User currently offlineAirblue From San Marino, joined May 2001, 1825 posts, RR: 11
Reply 1, posted (12 years 7 months 1 week 3 days 15 hours ago) and read 2273 times:

Since the first Q uses to be the wrost of the year for AZ (40% of the renvenue come from the Q2), some analyst predict a Q2 with profit.

It seems the new business plan starts to work very well.


User currently offlineAlitalia744 From United States of America, joined Mar 2000, 4762 posts, RR: 44
Reply 2, posted (12 years 7 months 1 week 3 days 11 hours ago) and read 2248 times:

Airblue, I agree with you, considering AZ's state over the last few years, $20M loss is not that bad. Hopefully, they'll make a Q2 profit and turn the ship around.

When did they implement the new business plan? November right?

-Gus



Some see lines, others see between the lines.
User currently offlineAirblue From San Marino, joined May 2001, 1825 posts, RR: 11
Reply 3, posted (12 years 7 months 1 week 3 days 9 hours ago) and read 2238 times:

Yes, it was November.

I think post only $20M loss (- 82% compared to $111M loss of 2001 Q1) it's really a good result for Alitalia.

It seems MXP hub start to work cause they improve the capacity on some domestic routes that are used maily for connection pax. like Ancona, Bologna and Trieste. They also resume MXP- Rimini.

From their official summer timetable it seems the new 5 A319s will fly untill October 2002 mainly on domestic routes from/to Rome FCO and Palermo, Pisa, Cagliari and Bari.


User currently offlinePadcrasher From , joined Dec 1969, posts, RR:
Reply 4, posted (12 years 7 months 1 week 3 days 9 hours ago) and read 2227 times:

How's the transition to Skyteam going? Do they like dealing with DL? AF? Are loads improving because of this?

User currently offlineAirblue From San Marino, joined May 2001, 1825 posts, RR: 11
Reply 5, posted (12 years 7 months 1 week 3 days 9 hours ago) and read 2220 times:

here the first picture on A.net of AZ A319:


View Large View Medium
Click here for bigger photo!

Photo © Frank Unterspann



User currently offlineAlitalia744 From United States of America, joined Mar 2000, 4762 posts, RR: 44
Reply 6, posted (12 years 7 months 1 week 3 days 9 hours ago) and read 2215 times:

Great to hear! I hope AZ gets back on a great track and becomes the World Class Airline they are!

The A319's look cute! Im dying to see the 777's, and as always, wish AZ was still getting 744's! I'm gonna miss the sight of the AZ 747's....

I've heard service has improved on board also.



Some see lines, others see between the lines.
User currently offlineAirblue From San Marino, joined May 2001, 1825 posts, RR: 11
Reply 7, posted (12 years 7 months 1 week 3 days 6 hours ago) and read 2201 times:

yes service was improved.

The route who tested the new onboard domestic service is the LIN-FCO.
With the new summer timetable AZ offers 62 daily flights between LIN and FCO. The flights are operated under the mark Alitalia LINK with a mix of A321/MD-82 and in spite of the only drink service, now they also offer sandwich, ice cream, biscuits and some other amenities. The next route who will get the AZ LINK service will be the FCO-Turin.

Today Jean-Cyril Spinetta (the Air France CEO) was elected member of the AZ board.


User currently offlineDaV From Italy, joined Jun 2001, 669 posts, RR: 10
Reply 8, posted (12 years 7 months 1 week 3 days 5 hours ago) and read 2196 times:

Did AF buy some AZ stock? I supposed Spinetta would enter AZ board only when AF would have bought AZ stock? Can anyone confirm or deny it?

Rgds

DaV



Two monologues do not make a dialogue
User currently offlineAirblue From San Marino, joined May 2001, 1825 posts, RR: 11
Reply 9, posted (12 years 7 months 1 week 3 days 3 hours ago) and read 2182 times:

>>"In linea con gli accordi presi nell'ambito dell'alleanza con Air France (Parigi: 3112.PA - notizie) , il cda di Alitalia ha poi cooptato come amministratore il presidente e Ad della compagnia francese Jean-Cyril Spinetta, dopo le dimissioni di Alberto Corrias mentre l'Ad di Alitalia, Francesco Mengozzi è entrato nel cda di Air France."<<


This was part of the press relased who confirm it.


User currently offlineDaV From Italy, joined Jun 2001, 669 posts, RR: 10
Reply 10, posted (12 years 7 months 1 week 2 days 16 hours ago) and read 2169 times:

Oh, thank you Airblue. I didn't read the press release!

DaV



Two monologues do not make a dialogue
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