Alitalia's Board of directors discussed on the management trend in 1Q10
Rome, Italy - Service's quality and marketing trend improve. Losses reduced
(WAPA) - "The Board of Directors of Alitalia-CAI (Compagnia aerea italiana) gathered yesterday, chaired by Roberto Colaninno, to examine the management trend into 1Q10, referred to the Group's consolidated, explained by CEO Rocco Sabelli.
In the quarter the revenues have been equal to EUR 639 million, increasing compared to 515 millions into 1Q09 (period January 13-March 31).
EBIT has been equal to EUR -125 million and improved compared to -210 millions of the same quarter of last year.
The passengers' number increased, equal to 4,7 million (+7% compared to the first quarter 2009, considering also period January 1-13), in particular on the intercontinental and international routes, that have recorded 35% and 17%, respectively.
Also the load factor remarkable, rose for 12.5%, from 52% to 64.5%.
On March 31, the cash flow resulted equal to EUR 390 million and the financial net indebtedness to EUR 903 million, 864 of them by indebtedness on owned airplanes' fleet.
The result for service's quality improvement is indicative. Into the quarter the Alitalia flights' punctuality has been 82.3% (+8%) and their regularity has been around 99.5%.
On the route Rome-Milan-Rome, the punctuality has been superior to 90%, an excellence level that confirms the airplane as preferred transport mean by societies, professional persons with exigencies to return in a day.
The Board has considered and approved the update of the Business Plan 2010-2014". (Avionews)