A year "marked by increasingly complex and serious problems" ended with a stunning €405.2 million ($541.7 million) pre-tax loss for Alitalia, which nevertheless promised that it possesses sufficient cash to cover operational and financial costs "for a period well in excess of 12 months." The loss widened from a €144.2 million pre-tax deficit in 2005. It would have been larger had the board followed through on a plan to write down the value of the fleet by €400 million ...

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