the republic logo

Italian flagship airline Alitalia confirms goal to reach profitability by 2017


MILAN — Alitalia chairman Luca Montezemolo has confirmed the Italian flagship airline's goal to reach profitability by 2017, saying "we'll do it by tooth and nail, and with the desire to change."

Montezemolo said Tuesday in Rome that the resignation of the airline's CEO after nine months will not hinder the plans for change. He said there was continuity in executing the business plan put in place when Abu Dhabi-based Etihad took control last year with a 49 percent stake.

Executives said the airline's cash position was strong and that revenues were picking up, while the airline's load factor topped 80 percent this year for the first time since 2007. The airline plans to invest 190 million euros in new planes over the next 18 months, along with new routes.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)




Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.