Alitalia posts losses during Q1

Victoria
By Victoria May 30, 2013 10:10

Alitalia posts losses during Q1

The Alitalia Group has posted a 7.4% decline in revenue to post total revenues during the first quarter of €729 million, with an EBIT operating loss of €136 million compared a loss of €109 million in Q1 2012. The airline’s net result was a loss of €157 million compared to a loss of €131 million during the same period in 2012.
As of March 31, 2013, Alitalia’s net financial indebtedness was equal to €1.023 bn, which included €95 million shareholders loan. At December 31, 2012, the airline’s indebtedness was €967 million, with a share of owned aircraft indebtedness equal to €636 million. Alitalia’s total liquidity as of March 31, 2013, including unused lines of credit, amounted to €159 million.
In a press release, Alitalia observes a 1.2% increase in revenues from passenger traffic compared to the same period of 2012, with a 1.9 percentage point increase in load factor to 70.7% from 68.8.
Although the airline posted an overall decline in revenue, Alitalia states that it was less that the overall negative trend reported by the industry as a whole on the domestic market (about -11%). It also states that its international segment revenues increased by 1,1% and in intercontinental segment by 11.5%.
Throughout the first quarter of 2013, the Alitalia inaugurated new routes from Rome to Fortaleza, Prague, Bilbao, Copenhagen, Yekaterinburg, Krakow, Montpellier and Oran in March 2013. The Smart Carrier Air One introduced new domestic service from its hub in Venice.

Victoria
By Victoria May 30, 2013 10:10
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