The Board of Directors will reduce the Medium Haul activities from 8 to 5 aircrafts, interrupt the A319 CJ activity and sub lease the fifth
A330 aircraft, to be delivered next spring.
Regarding MiMa - Milano-Manhattan activity, the 48 seats “All Business” from Milan to New York flight operated by the Airbus A319, the Board of Directors decided to suspend the activity starting from the 8th February 2007.
--Revenue 300 millon Euros
--Lost 21 Million Euros
I wonder if this goes to show that Italy is getting oversaturated with routes to New York. On another forum one mentions that routes from destinations outside Rome, Milan and Venice may have good loads but lose tons of money because the regional routes dont carry premium traffic.