Alitalia (2nd) (Rome) received good news yesterday (October 11) when its board of directors (including Air France-KLM) approved a capital increase as part of the Italian government’s sponsored 500 million euro bailout plan according to this report by Reuters. However with the airline losing an estimated 10 million euros a day, this amount will be exhausted in the next two months. Clearly the airline needs another financial overhaul to reduce costs and increase revenue. The Italian government has also called for Alitalia to join an alliance.
Read the full report: CLICK HERE
Copyright Photo: Paul Denton/AirlinersGallery.com. Embraer ERJ 170-200LR (ERJ 175) EI-RDB (msn 17000331) climbs away beautifully from Geneva.