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2-May-2016 2:51 PM

Alitalia chairman: Returning to profitability in 2017 remains our goal

Alitalia confirmed (29-Apr-2016) it is on track to become profitable by 2017, as it reduced its losses by EUR381 million in 2015 compared to the previous year. Alitalia chairman Luca Cordero di Montezemolo said, "Reducing our losses is a first important step, together with the relentless commitment to improve our services, our fleet and our network with the opening of new strategic intercontinental routes". Mr Montezemolo further noted, "Returning to profitability in 2017 remains our goal. Today's results show that Alitalia has become more efficient in controlling costs and is on track for profitability by 2017. All our efforts are focused on reaching that target. Few airlines have undergone such radical change as the new Alitalia. We are delivering on our promise to create a world class airline". [more - original PR]

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