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Last updated on April 19, 2014 at 9:20 EDT

Latest Financial situation of Alitalia Stories

2012-02-27 12:19:00

ROME, Feb. 27, 2012 /PRNewswire/ -- The Board of Directors of Alitalia - Compagnia Aerea Italiana S.p.A. met in Rome on February 24, chaired by Roberto Colaninno, and approved the Group financial statement for 2011 as presented by the CEO Rocco Sabelli. In the financial year ending December 31, 2011, the Alitalia Group recorded revenues worth euro 3.478 million (+7.9%) and 25 million* transported passengers (+5.5%). Load factor grew 0.8 points to 72.8%(*). Operating result (EBIT)...

2010-12-02 09:58:00

NEW YORK, Dec. 2, 2010 /PRNewswire/ -- Alitalia, Italy's largest airline, has taken Italian cuisine to new heights this year and has been awarded "Best Airline Cuisine" by the readers of Global Traveler magazine. Earlier this year, Alitalia introduced new menus designed to showcase the culinary specialities of Italy's regions in its Magnifica Class cabin. (Photo: http://photos.prnewswire.com/prnh/20101202/NY10975 ) Global Traveler's seventh annual GT Tested Reader Survey Awards program...

2009-01-10 14:02:01

Air France-KLM is about to buy a stake in the Italian airline Alitalia following a meeting of the French-Dutch group's board of directors, sources say. The unidentified sources said the Air France-KLM board in Paris voted in favor of making an offer for an Alitalia share purchase Friday, the Italian news agency ANSA reported. KLM represents KLM Royal Dutch Airlines of the Netherlands. The new Alitalia board is to meet Monday to review the proposal, meaning no official word on the purchase...

2009-01-06 18:00:25

The reborn Italian air line Alitalia is set to sell 25 percent of its shares to Air France-KLM, sources said Tuesday. The collapsed national airline was resurrected by a private business group, which adopted the airline's name. The plan to find a foreign strategic partner will be formally adopted in board meetings Friday, ANSA news reported. Informed sources said Air France-KLM will pay $413.5 million for a quarter of the company. The other contender for Alitalia's partner, Lufthansa, said...

2008-12-30 17:20:11

The group that purchased collapsed Italian airline Alitalia said it had adopted the defunct airline's name, uniform and logo Tuesday. The Compagnia Aerea Italiana changed its name to Alitalia and said it would be ready for business Jan. 13, ANSA reported. The company must first find a strategic foreign partner -- most likely Air France-KLM or Lufthansa, ANSA said "“ and incorporate its operations with those of Air One, owned by CAI founder Carlo Toto. CAI, now known as Alitalia, named...

2008-12-13 15:24:01

Flight operations of Italy's bankrupt national carrier Alitalia have changed hands with the completion of the airline's sale to private investors. Compagnia Aerea Italiana (CAI) Chairman Roberto Colaninno said the investors will create a new corporate entity that will still be called Alitalia, but which will no longer be under government control, ANSA reported Saturday. ''Today an official act was signed transferring the carrier's assets to CAI and although we can only formally use the name...

2008-11-27 13:26:03

The Italian business group rescuing struggling airline Alitalia said it has delayed the start of the reborn airline, which had been set for Dec. 1. The Compagnia Aerea Italiana group said it needed time to complete "several administrative and technical aspects'' of starting a new airline, but did not announce a new date for launching the company, ANSA reported Thursday. Aviation authorities at Ente Nazionale per L'Aviazione Civil -- ENAC -- said the bankrupt airline, old Alitalia, would...

2008-11-19 17:21:37

Alitalia's administrator said one hurdle remained before the sale of the Italian airline's flight operations to an Italian investment group is completed. The deal requires a green light from the Industry Ministry. Once that is done, government-appointed administrator Augusto Fantozzi said he will accept the offer from Compagnia Aerea Italiana, ANSA reported Thursday. With debts that reached $1.71 billion in November last year, the airline has been struggling to find a buyer. The Italian...

2008-11-12 15:00:17

The European Commission said Wednesday Italian investors could proceed with plans to buy flight operations from failing airline Alitalia. Leading trade unions in Italy have already agreed to back Compagnia Aerea Italiana's purchase of the flight operations although separate pilot, flight and ground crew unions are protesting CAI's plans with a series of planned strikes, ANSA reported Wednesday. Sources said government-appointed administrator Augusto Fantozzi is not pleased with CAI's...

2008-11-10 15:00:16

A split between union leaders and rank and file at Italy's Alitalia airline did not stop a strike from canceling at least 17 flights Monday, reports said. The strike approved by five unions includes 15 days of walkouts between Nov. 25 and May 26, but staff at the Fiumicino airport in Rome called for a continuous strike Monday, ANSA reported. Union leaders pleaded with staff not to split from leadership. "You have to trust us. We cannot afford a split. There is a right way to do this and...