Alitalia reported significantly improved financial results for 2007 yesterday but stressed that its survival continues to be "increasingly linked" to its ability to raise approximately €750 million by mid-year. The company, which currently is negotiating the terms of a merger with Air France KLM (ATWOnline, Feb. 13), suffered a €363.9 million pre-tax loss last year, narrowed from a €605.2 million pre-tax deficit in 2006. Operating revenue climbed 2.8% year-over-year to ...

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