Company Watch - Alitalia.For more company news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Sep 11, 2006 Alitalia said it was forced to cancel 105 domestic and 74 international flights yesterday because of a 24-hr. strike called by four trade unions. Sep 8, 2006 Alitalia prepares to review business plan as tough times linger. Alitalia, in which the Italian government still owns just under 50%, confirmed last week that it is reviewing and revising its business plan to counter rising fuel costs and adjust its targets. Business Plan 2005-2008 forecasts that AZ Fly, the airline entitity, will achieve a breakeven breakeven 1. The level of output or sales necessary to cover fixed expenses. Companies in industries that have high fixed costs and, consequently, high breakevens, such as automobile and steel manufacturing, are likely to exhibit large fluctuations result this year and an EBITDAR Earnings Before Interest, Taxes, Depreciation, Amortization, and Restructuring Costs - EBITDAR An indicator of a company's financial performance calculated as: = Revenue - Expenses (excluding tax, interest, depreciation, amortization, and restructuring costs) margin of about 14% for 2007 and 2008. Sep 5, 2006 Alitalia said it posted an "overall postive performance" in July as ttraffic increased 0.9% year-over-year to 3.7 billion RPKs on a 0.9% reduction in capacity to 4.7 billion ASKs, lifting load factor 1.5 points to 79.3%. Passengers transported rose 0.6% to 2.3 million, although passenger numbers on the domestic and intercontinental in·ter·con·ti·nen·tal adj. 1. Extending or taking place between or among continents: intercontinental exploration; intercontinental cooperation. 2. networks fell 3.6% and 1% respectively. The company stated that group net debt rose to [euro]909 million ($1.17 billion) in July from [euro]896 million in June as cash reserves Cash reserves See: Cash investments cash reserves Investment funds that are held in short-term assets such as Treasury bills and certificates of deposit until more permanent investment opportunities are available. fell to [euro]862 million from [euro]879 million. Sep 5, 2006 Alitalia warned in May while reporting a widening of its first-quarter operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. to [euro]129 million and a 3.1% decline in revenues that it would be "opportune op·por·tune adj. 1. Suited or right for a particular purpose: an opportune place to make camp. 2. Occurring at a fitting or advantageous time: an opportune arrival. to wait for the end of the second quarter as well as hope for an improvement in trade union relations" before making a full-year forecast. It is expected to report first-half results on Sept. 12. Meanwhile, unions have announced a 24-hr. strike for Sept. 7, blaming management for AZ's poor financial performance despite staff reductions and productivity increases. Sep 5, 2006 |
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