Alitalia FY net loss to narrow to around 400 mln eur; focus on govt sale
Only two analysts provided estimates, with Deutsche Bank seeing a net loss of 411 mln eur after a 54 mln gain on London, Heathrow slot sales, and JP Morgan predicting a net loss of 425 mln, without the gain.
"We forecast net losses including exceptional gains of 411 mln eur," Deutsche Bank said in a note last week.
"We estimated third quarter yields fell 4.7 pct but we think that fourth quarter yield declines are unlikely to reach these levels," Deutsche Bank said.
Yields measure average revenue per passenger per kilometre travelled.
Deutsche Bank said: "We believe the equity market is ignoring any figures on current trading and focusing on the proposed sale of the company."
A report in Saturday's La Repubblica said Air France is opposed to a moratorium, but could decide to introduce next December some additional flights, previously scheduled for later on.
Industry sources say a moratorium would cost Air France 200 mln eur a year over three years, which be passed on by the government in a lower sale price.