Alitalia’s first quarter net loss widens to $203 million, workers agree to work 5 fewer days each month

Alitalia (2nd) (Rome) is slipping again. The flag carrier’s first quarter first quarter net loss widened to $203 million, citing non-recurring items but did not provide the details.

Read the full report for the airline: CLICK HERE

Read the analysis by the Wall Street Journal: CLICK HERE

Update from Reuters: CEO Gabriele Del Torchio and board members have agreed to cut their salaries by 20 percent, while 2,200 ground staff will work five fewer days each month under a government-backed plan.

Copyright Photo: Ton Jochems/ Airbus A320-214 I-BIKD (msn 1457) taxies to the runway at Amsterdam.

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Alitalia (2nd): AG Slide Show