26-Oct-2012 1:23 PM

Alitalia operating profit down 40% in 3Q2012, aims to close 2012 with a profit

Alitalia revenue up 4% - financial highlights for three months ended 30-Sep-2012:

  • Revenue: EUR1126 million, +4% year-on-year;
  • Operating profit: EUR50 million, -40%;
  • Net profit: EUR27 million, -42%;
  • Passenger numbers: 7.5 million, -1.2%;
  • Load factor: 78%, +0.5 ppt;
  • Flight punctuality: 83.8%, +1.9 ppt. [more - original PR]

Alitalia: “The outlook for quarter four confirms the strong slowdown of demand ascribable to the uncertainties of the global economic and financial scenario, as well as the persistence of high oil-price and euro/dollar exchange-rate levels, which will strongly impact on the costs of the Alitalia Group. Alitalia Group aims at a record result in Q4 with the ultimate purpose of closing the year with a trend reversal vs. the first half of 2012. It should be noted that in Alitalia’s history, Q4 has never closed with a positive EBIT, and the best result in the last 20 years has been the 2009 level of -15 million. Last year, the fourth quarter closed at -27.” Source: Company statement, 25-Oct-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