Alitalia says it is on its way to profitability as losses narrow 80%
Alitalia reported a net loss of €167.6 million ($198.7 million) in 2005, a dramatic 80.5% improvement over the €858 million it lost in 2004. Revenues increased 11.6% to €4.8 billion and passenger numbers rose 7.8% to 23.9 million. Labor costs fell 31% to €982 million as the number of employees as of...
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