27-Feb-2012 1:18 PM

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.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More