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Cost-cutting beginning to pay dividends for Alitalia

Alitalia reported a consolidated operating loss of €119.6 million ($147.7 million) in the first quarter ended March 31 compared with a €189.7 million operating loss in the prior-year period. Pre-tax loss before exceptionals amounted to €134.4 million, a steep improvement from the €206.3 million pre-tax loss a year earlier. Revenue climbed 8.2% to €963.2 million and Alitalia said the cost of external materials and services rose 5% to €733 million. ...

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