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Alitalia narrows half-year loss to €94 million

Alitalia Group reported a net loss of €94 million ($134.9 million) in the 2011 first half, a 43% improvement from the €164 million deficit incurred in the year-ago period.

Alitalia 777-200. Photo: By Rob Finlayson. Alitalia Group reported a net loss of €94 million ($134.9 million) in the 2011 first half, a 43% improvement from the €164 million deficit incurred in the year-ago period. It incurred a €5 million net loss in the second quarter. Half-year operating loss was €69 million compared to a €129 million operating loss in the year-ago period, yet EBIT was positive in the second quarter at €17 million. Half-year revenue ...

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