Company Watch - Alitalia.Sep 17, 2007 Alitalia Group excluding 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. carried 11.9 million passengers in the half-year, up 2.1%. Load factor inched up 1.3 points to 73.3%. Yield fell 1.9%. Sep 14, 2007 Alitalia 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. for the six months ended June 30 amounted to [euro]127.4 million, narrowed from a [euro]130.6 million operating loss in the first half of 2006. Net debt as of June 30 was [euro]988 million, similar to its debt position a year earlier. Cash and cash equivalents, however, shrank year-on-year to [euro]562 million from [euro]893 million and from [euro]706 million at year end 2006. Sep 14, 2007 Alitalia posted a consolidated net loss of [euro]211.1 million ($292.7 million) for the first half of 2007, slightly narrowed from a [euro]220.2 million loss in the year-ago period. The carrier's board last week outlined financial and performance targets for its "survival/transition" plan that aims to keep Alitalia viable through 2010 as it continues to seek a sale to private investors. Sep 14, 2007 Alitalia revenue rose 3.1% to [euro]2.31 billion from [euro]2.24 billion in the year-ago period. Operating costs operating costs npl → gastos mpl operacionales grew 3% to [euro]2.44 billion as fuel costs fell 1.5% to [euro]464 million and personnel costs increased 14% to [euro]439 million. Sep 14, 2007 Alitalia Denies Air France Air France in full Compagnie Internationale Air France French passenger and cargo airline with more than 200 destinations in some 80 countries. It introduced supersonic Concorde service in 1976, but financial loss led the company to cease its Concorde High-Level Talks Report Alitalia denied on Wednesday an Italian news agency report that it was in high-level talks with Air France-KLM Air France-KLM (Euronext Paris: AF, NYSE: AKH) is an airline company incorporated under French law with its headquarters at Roissy-Charles de Gaulle Airport near Paris, France. as part of its efforts to find a buyer. Sep 12, 2007 Alitalia denied an Italian news agency report that it was in high-level talks with Air France KLM KLM Kaiserliche Marine (Enigma: Rising Tide game) KLM Koninklijke Luchtvaart Maatschappij (Royal Dutch Airlines) KLM Klub Langer Menschen (German: Tall Person Club) as part of its efforts to find a buyer. Alitalia's long-time commercial partner Air France-KLM is frequently cited in Italian media as a likely buyer for the airline, whose privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned flopped in July, despite repeated denials by the French airline. Air France-KLM has said it would only be interested if Alitalia turned its business around, but recently added it would listen if approached by the Italians. Alitalia denied the existence of such high-level contacts and said management of both companies met regularly as part of their commercial agreements and their membership of the SkyTeam marketing alliance of airlines. Sep 12, 2007 Low-cost carrier A low-cost carrier or low-cost airline (also known as a no-frills or discount carrier / airline) is an airline that offers generally low fares in exchange for eliminating many traditional passenger services. Ryanair this week stepped into Alitalia's backyard saying it was ready to launch 80 routes from Milan airports Orio al Serio Orio al Serio is a comune (municipality) in the Province of Bergamo in the Italian region of Lombardy, located about 45 km northeast of Milan and about 4 km southeast of Bergamo. As of 31 December 2004, it had a population of 1,671 and an area of 3.0 km². , where it already operates, and Malpensa, a new departure, with planes worth more than USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $1 billion from its fleet. Transport Minister Alessandro Bianchi said on Saturday the ministry is to hold a Monday meeting to discuss Alitalia slots at Malpensa, adding it would be "silly" not to consider Ryanair's offer. Sep 16, 2007 Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new real-time service that keeps travelers informed on flight and airport status, delays, security wait times via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Pyramid Media Group. All rights reserved. |
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