Gruppo Meridiana Fly losses narrow in 1H2012

Gruppo Meridiana Fly revenue down 26% - financial highlights* for six months ended 30-Jun-2012:

• Total revenue: EUR287.2 million, -25.6% year-on-year;
  • Meridiana Fly: EUR187.9 million;
  • Air Italy: EUR109.8 million;
• Operating costs:
  • Fuel: EUR95.3 million, -19.8%;
• EBITDA (loss): (EUR48.9 million), compared to a loss of EUR52.1 million in p-c-p;
• EBIT (loss): (EUR57.6 million), compared to a loss of EUR65.7 million in p-c-p;
  • Meridiana Fly: (EUR47.2 million);
  • Air Italy: (EUR10 million);
• Net profit (loss): (EUR60.9 million), compared to a loss of EUR67.3 million in p-c-p;
• Passenger numbers: 1.7 million, -29.2%;
  • Meridiana Fly: 1.3 million;
  • Air Italy: 431,000;
• Commercial fleet: 38 aircraft, -19.1%;
• Total assets: EUR487.1 million, +5.1% when compared to period ended 31-Dec-2011;
• Total liabilities: EUR470.2 million, +17.1% when compared to period ended 31-Dec-2011.

*Compared to the previous corresponding period in 2011 pro forma