Alitalia EBIT loss narrows in 2011

Alitalia revenue up 8% - financial highlights for 12 months ended 31-Dec-2011:

• Revenue: EUR3478 million, +7.9% year-on-year;
• EBIT (loss): (EUR6 million), compared to a loss of EUR106 million in p-c-p;
• Net profit (loss): (EUR69 million), compared to a loss of EUR168 million in p-c-p;
• Passenger numbers: 25 million, +5.5%;
• Load factor: 72.8%, +0.8 ppt;
• Cargo volume: 58,800 tonnes;
• Fleet: 152 aircraft. [more - original PR]

Alitalia: "Prospects of the air transport sector for 2012 remain challenging. In accordance with the Airline Business Confidence Index of January 2012 produced by IATA, the industry is likely to undergo a further fall of profits in 2012 mainly due to a slowdown in volumes growth, a fall in high yield demand and higher fuel costs. The Eurozone is particularly exposed to such factors as a consequence of the expected GDP fall in the area." Source: Company statement, 24-Feb-2012.