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Meridiana fly losses widen in first 10 months of 2012

12-Mar-2013 3:57 PM

Meridiana fly revenue down 22% - consolidated financial highlights for 10 months to 31-Oct-2012:

  • Total revenue: EUR579.5 million, -22.0% year-on-year;
    • Merdiana fly: EUR408.7 million;
    • Air Italy: EUR189.7 million;
  • Costs:
    • Fuel: EUR179.0 million, +18.1%;
    • Other operating costs and wet lease: EUR169.5 million, +19.8%;
    • Materials and maintenance services: EUR87.1 million, +19.8%;
    • Labour: EUR80.7 million, +27.8%;
  • EBITDA (loss): (EUR60.1 million), compared to a loss of EUR38.6 million in p-c-p;
  • EBIT (loss): (EUR174.1 million), compared to a loss of EUR60.4 million) in p-c-p;
    • Meridiana fly: (EUR101.3 million);
    • Air Italy: (EUR43.3 million);
  • Net profit (loss): (EUR190.2 million), compared to a loss of EUR67.0 million in p-c-p;
  • Passenger numbers:
    • Meridiana fly: 3 million;
  • Total assets: EUR358.8 million, -22.6%;
  • Cash and cash equivalents: EUR9.3 million, +132%;
  • Total liabilities: EUR470.6 million, +17.2%. [more - original PR - Italian]