Alitalia shareholders yesterday approved the group's accounts for 2004; net loss for the year was revised slightly, falling to €810.4 million ($980.6 million) from €812 million, and shareholders approved using €235.3 million from reserves to partly cover the loss. Chairman and CEO Giancarlo Cimoli said the carrier will hold a shareholder meeting on July 29 to discuss the planned €1.2 billion capital increase, for which the European Commission gave conditional approval ...

Subscribe to Access this Entire Article

"Alitalia net loss for 2004 narrows after shareholder review" 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?

Already registered? here.