Company Watch - Alitalia.Edited by Aram Gesar, edit@AirGuideOnline.com For more global news, data, analysis and features, please go to: http://www.AirGuideOnline.com/professional.htm Sep 18, 2006 Alitalia Group said this week that its full-year net result "should approach the level achieved in 2005," when it lost [euro]167.6 million ($212.9 million). It had postponed making a full-year forecast following a difficult first quarter in which labor unrest labor unrest n (US) → conflictividad f laboral and falling passenger revenues hit hard on its bottom line. Sep 14, 2006 Alitalia Group a net [euro]221.5 million for the semester se·mes·ter n. One of two divisions of 15 to 18 weeks each of an academic year. [German, from Latin (cursus) s , widened from [euro]125 million in the year-ago period. Revenues dropped 1.6% to [euro]2.24 billion owing to owing to prep. Because of; on account of: I couldn't attend, owing to illness. owing to prep → debido a, por causa de the spinoff Spinoff A new, independent company created through selling or distributing new shares for an existing part of another company. Notes: Spinoffs may be done through a rights offering. of the Alitalia Servizi services company. Half-year 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. was [euro]131.8 million compared to [euro]83.8 million in 2005. Passenger revenues increased 1.4% to [euro]1.75 billion while the number of passengers transported climbed 3.1% to 11.7 million. Yield dropped 1.5% and load factor rose 3.6 points to 72%. Sep 14, 2006 Alitalia Group late yesterday released half-year financial results showing a net loss of [euro]221.5 million in the six months ended June 30, nearly double the [euro]125 million deficit posted in the first half of 2005. Revenues fell 1.6% to [euro]2.24 billion and operating loss widened to [euro]131.8 million from [euro]83.8 million. AZ said it expects nonrecurring items to boost its net and operating results into the black in the second half. A more stable second quarter ended June 30 in which it showed "indicative and tangible recovery" and suffered a pre-tax loss of [euro]53 million, plus a previously announced revision of its business plan, left the airline confident it could forecast "positive operating and net results" in the second semester. Second-quarter operating loss was [euro]3 million. It not did not offer year-ago comparisons, but it marked an improvement from the first quarter when it posted an operating loss of [euro]128.8 million. Second-quarter traffic revenue increased [euro]54 million, or 5%. Sep 13, 2006 Alitalia initiated an appeal with a regional administrative court against the conditions imposed by the Italian competition regulator A competition regulator is a government agency, typically a statutory authority, sometimes called an economic regulator, which regulates and enforces competition laws, and may sometimes also enforce consumer protection laws. on its acquisition of Volare Volare is the Latin and Italian word for the verb to fly; adding an acute accent on the final e (volaré) it is also the Spanish word for I will fly. , La Stampa La Stampa (literally “The Press”) is one of the best-known and most widely sold Italian daily newspapers. Published in Turin, it is distributed in Italy and other European nations. The current owner is the Fiat Group. reported. In July, AZ received conditional approval for its [euro]38 million ($48.1 million) bid to acquire Volare. The conditions included the surrender of four slots at Milan Linate--two of Volare's domestic slots to Bari and Lamezia Terme and two pairs of slots for flights to Paris Orly. Sep 12, 2006 |
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