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.