SInGAPORE_AIR
Posts: 11619
Joined: Mon Nov 13, 2000 4:06 am

Alitalia Posts US$20 Million Q1 Loss

Tue May 14, 2002 6:27 am

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.
 
airblue
Posts: 1785
Joined: Sat May 19, 2001 9:16 pm

RE: Alitalia Posts US$20 Million Q1 Loss

Tue May 14, 2002 5:51 pm

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.
 
Alitalia744
Posts: 3777
Joined: Thu Mar 30, 2000 8:22 am

RE: Alitalia Posts US$20 Million Q1 Loss

Tue May 14, 2002 10:44 pm

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.
 
airblue
Posts: 1785
Joined: Sat May 19, 2001 9:16 pm

RE: Alitalia Posts US$20 Million Q1 Loss

Tue May 14, 2002 11:54 pm

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.
 
padcrasher
Posts: 1815
Joined: Tue Aug 10, 2004 6:17 am

RE: Alitalia Posts US$20 Million Q1 Loss

Wed May 15, 2002 12:14 am

How's the transition to Skyteam going? Do they like dealing with DL? AF? Are loads improving because of this?
 
airblue
Posts: 1785
Joined: Sat May 19, 2001 9:16 pm

RE: Alitalia Posts US$20 Million Q1 Loss

Wed May 15, 2002 12:25 am

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


View Large View Medium
Click here for bigger photo!

Photo © Frank Unterspann

 
Alitalia744
Posts: 3777
Joined: Thu Mar 30, 2000 8:22 am

RE: Alitalia Posts US$20 Million Q1 Loss

Wed May 15, 2002 12:38 am

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.
 
airblue
Posts: 1785
Joined: Sat May 19, 2001 9:16 pm

RE: Alitalia Posts US$20 Million Q1 Loss

Wed May 15, 2002 3:45 am

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 avatar
DaV
Posts: 657
Joined: Tue Jun 26, 2001 5:26 am

RE: Alitalia Posts US$20 Million Q1 Loss

Wed May 15, 2002 4:23 am

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
 
airblue
Posts: 1785
Joined: Sat May 19, 2001 9:16 pm

RE: Alitalia Posts US$20 Million Q1 Loss

Wed May 15, 2002 6:27 am

>>"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 avatar
DaV
Posts: 657
Joined: Tue Jun 26, 2001 5:26 am

RE: Alitalia Posts US$20 Million Q1 Loss

Wed May 15, 2002 5:49 pm

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

DaV
Two monologues do not make a dialogue

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos