EUROPE: Alitalia outlines ‘survival plan’

Alitalia’s board recently outlined fi nancial and performance targets for its “survival/transition” plan. The aim is to keep the carrier viable through 2010 as it continues to seek a sale to private investors. The board’s plan, set to guide operations from March 30, 2008, through 2010, aims to reduce overall revenue 2.7 per cent and […]


Alitalia’s board recently outlined fi nancial and performance targets for its “survival/transition” plan. The aim is to keep the carrier viable through 2010 as it continues to seek a sale to private investors.

The board’s plan, set to guide operations from March 30, 2008, through 2010, aims to reduce overall revenue 2.7 per cent and lower costs by 8 per cent. “Repositioning of long-haul activities and the development of lowcost activities,” along with improved fl ight productivity, will be the key to this the board said.

The airline is eyeing a 3.8 per cent growth in passenger numbers annually to 28.7 million passengers in 2010 and a 4.5 per cent annual growth in cargo capacity.