Alitalia is preparing a revised business plan that will take into account higher fuel prices as well as the latest changes in its financial situation. According to Il Sole 24 Ore, the carrier will post an operating loss of around €200 million ($238.5 million) for 2005, double its forecast. The newspaper added that Banca Intesa and Deutsche Bank, the two banks that are supposed to underwrite the planned €1.2 billion rights issue, requested the drawing up of an adjusted business ...

Subscribe to Access this Entire Article

"Alitalia revising businss plan as recapitalization stalls in face of fuel costs" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.