Losses narrowed, but work continues at born-again Alitalia

Italian national carrier Alitalia posted an improved set of full-year 2010 results on the back of recovering economic conditions and expansion into new markets. The re-born carrier saw an increase in passenger volumes and a greater increase in revenue as it continued restructuring and integrating key business units under the Compagnia Aerea Italiana (CAI) umbrella. There remains, however, much work to do at the airline.

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