Alitalia posted loss for 2000, hurt by Euro, fuel costs

Article Abstract:

Alitalia posted a 495 billion lire ($255.6 million) loss for the 2000 year. This is compared to a 12 billion lire profit in 1999.

---

Alitalia's net loss nearly doubles; Airline seeks $1.48 billion in capital

Article Abstract:

Alitalia's first half losses amounted to 620 million euros and is now seeking 1.2 billion euros in new capital. Labor strikes, the higher cost of fuel and increased competition were all factors in the airline's difficulties.

Financial management, Organizational history, Company sales and earnings, Company restructuring/company reorganization, Reorganization and restructuring, Company earnings/profit, Company financing, Company organization

---

Alitalia operating loss blamed partly on Kosovo

Article Abstract:

Alitalia posted an operating loss for the first-half of 1999. The loss was partly attributed to the war in Kosovo. Alitalia was forced to shutdown some shore routes along the Adriatic Sea as a result of the war. In addition, passengers avoided the carrier's new hub at the Malpensa airport in Milan. Alitalia posted 121 billion lire (62.5 billion euros) in operating losses for the first-half period. During the same period in 1998, the airline posted 293 billion lire in operating profits.

Similar abstracts:

• Abstracts: Phillips is close to acquiring Tosco for $7 billion in stock. Occidental is set to acquire Altura for $3.5 billion
• Abstracts: Wal-Mart leaves South Korea by selling stores to local rival. Cybex and Apex agree to merge in $2 billion deal
• Abstracts: TPI's creditors approve a plan to restructure $3.7 billion in debt. Creditors' victory ends protracted default saga at TPI
• Abstracts: Interpublic is close to buying True North for $2 billion in stock. Interpublic agrees to add Deutsch to ad firm stable
• Abstracts: Dexia agrees to acquire Kempen for E1.05 billion (Dexia Belgium make 1.05 billion Euro dollar offer for Kempen and Co.)

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.