Alitalia First-Quarter Operating Loss Narrows as Passenger Traffic Rises

Alitalia SpA reduced its operating loss in the first quarter as traffic increased, especially on international routes.

Alitalia lost 125 million euros ($158 million) based on earnings before interest and taxes, less than the 210 million- euro operating loss posted a year earlier, Italy’s flagship airline said in an e-mailed statement yesterday.

Sales rose 24 percent to 639 million euros. Passenger traffic advanced 7 percent to 4.7 million passengers, with a 35 percent increase on intercontinental flights and 17 percent on international flights, the company said.

Alitalia had 390 million euros in cash as of March 31 and debt of 903 million euros.

To contact the reporter on this story: Sara Gay Forden in Milan at sforden@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.