Porter Aviation Holdings, parent of Porter Airlines, reported a net loss of USD6 million in the first three months of 2010, an improvement from a net loss of USD9.4 million in the previous corresponding period (Financial Post, 26-May-2010). The carrier reported a load factor of 47%, just short of its break even load factor of 49%. Porter Aviation postponed its USD120 million IPO, scheduled last week, to after the release of its financial results.
Porter Aviation Holdings' 1Q2010 net loss narrows to USD6 million
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Also on 22-Dec-2016, Alitalia's shareholders approved short-term funding and gave management 60 days to begin negotiations with key stakeholders - lessors, suppliers and distribution companies, in addition to trade unions. Alitalia needs their support for deep cost reduction measures, in order to win the long-term financing needed to secure the airline's future.
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