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 Dec. 31 dropped 45.7% from the prior year to 11,174, according to press reports. Alitalia's management, unions and the Italian government are continuing to meet this week ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.

Already registered? here.