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Alitalia Posts Net Profit of 2 Million Euros in Q3 2018

Once a symbol of Italy’s post-war economic boom but recently in trouble due to low-cost carriers and high-speed trains, Alitalia was put under special administration last year after workers rejected its latest rescue plan.

Indicating that the fortunes of the airline are slowly improving, Stefano Paleari, one of the Commissioners managing Alitalia, said, “Alitalia returned a net profit of 2 million Euros ($2.35 million) in the third quarter of 2018.”

In the first nine months of 2018, revenues of the airline rose by 4.6 per cent to 2.35 billion Euros, while its EBITDA (earnings before interest, tax, depreciation and amortization) loss, excluding non-recurring items, was reduced to a loss of 59 million Euros from a loss of 246 million Euros in the same period last year.

Paleari added, “For the full year, Alitalia is expected to post revenues of above 3 billion Euros.”

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