Alitalia narrows losses amid tough conditions

Alitalia’s restructuring continued throughout 1HY2011 amid difficult trading conditions as conflict spread throughout key markets and fuel prices spiked. But the airline’s cost reduction measures outweighed the costs associated with the disruptions and oil prices, with the Italian flag carrier narrowing its losses from the same period in 2010. [743 words]

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This report contains the following subheadings:

• Strong revenue, pax increase
• Costs up, led by fuel
• Network expands, with full-year operational break even expected