Despite falling passenger traffic revenue and continuing labor unrest, Alitalia managed to narrow its third-quarter deficit. Its pre-tax loss of €57.6 million ($84.3 million) was an improvement over the €66.4 million suffered in the year-ago period, while its operating loss narrowed to €19.1 million from €42 million in the third quarter of 2006. A 4.6% decline in passenger revenue was offset by rising cargo and nontraffic income, producing a 1% climb in consolidated ...

Subscribe to Access this Entire Article

"Alitalia's third-quarter loss narrows but still heavy" 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.