Alitalia CEO Departs on Widening Loss at Italian Flag Carrier
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Alitalia SpA said Chief Executive Officer Andrea Ragnetti has resigned one year into his post, as the Italian flag carrier reported its loss quadrupled last year.
Alitalia widened its loss in 2012 to 280 million euros ($366 million) from 69 million euros the year earlier, the Rome-based carrier said in a statement late yesterday. Chairman Roberto Colaninno will act as interim CEO until a permanent replacement is found, it said.