Alitalia Posts Smaller First Quarter Loss

May 15, 2007

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Alitalia said on Tuesday its quarterly loss narrowed from a year earlier, when strikes weighed heavily on its results.

The airline reported an operating loss of EUR107 million euros (USD$145 million) in the first quarter, down from a loss of EUR129 million (USD$175 million) a year earlier.

The airline, hampered by frequent strikes and political meddling, has been put up for sale by the Italian government in a final attempt to turn it around. Three bidders have been shortlisted in its auction.

(Reuters)