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 ...

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