Alitalia: 3Q2009 15 million € profit
The Executive Committee for Alitalia - Compagnia Aerea Italiana SpA in a meeting today in
Rome, headed by Roberto Colaninno, had examined the management status of
the third quarter related to the consolidation of the Group, explained by Chief Executive Officer Rocco Sabelli.
In the third quarter, the Alitalia Group has achieved an operating
profit of +15 ml. €, an improvement compared to losses in the first
quarter (-210 ml. €) and second (-63 ml. €). Consequently, the
operating loss for the first nine months, from 13 January (date of
start of operations) to 30 September 2009, was reduced to -258 ml. €.
Revenues for the period amounted to about 838 ml. €. Over 6.3 ml.
passengers transported, with an average coefficient of filling of
aircraft (load factor) of 74%, up from two previous quarters (51% and
65% respectively).
Revenues for the first nine months of operation are globally
amounted to 2,120 ml. €, passengers transported over 16 million and the
average load factor of 64%.
The market share stood at 53% in the domestic market (51% in the
first half) and 20% in the international market (19% in the first
half).
The context of the global market, while remaining decidedly
negative (-30%, the overall market during the first 8 months of the
year compared to the same period of 2008, with a particular business
segment flexion) showed some signs of stabilization of the trend.
Net debt at 30 September rose to 831 ml. € (770 ml. € 30 June) due
to both the investment on the fleet (about 56 ml. € between deposits
for new aircraft and maintenance), and, above all, for the seasonal
reduction of debt for prepaid tickets and not yet flown in period
(about 115 ml. € the change). These values were partially offset by the
generation of cash management (+ 54 ml. €).
The debt on the fleet of 904 ml. €, a reduction of approximately
34 ml. € compared to 30 June, as a result of repayments made during the
period, and a cash total is equal to 357 ml. €, a decrease compared to
June 30 (about 487 ml. €) caused by the phenomenon, prepaid already
improving in October (about 390 ml. €).
The fleet renewal plan has continued, in the quarter, with the
introduction of additional 4 new Airbus A320 aircraft (in addition to
the 5 already delivered in the first semester), demise and sale of
4 MD 80 and the start of the procedure to purchase 4 additional 90 seater regional
aircraft, right tailored to the size of new opportunities for
development of regional traffic flows, including through co-marketing
agreements with regions and airport operators.
Improved in the period, the levels of service. The regular rate
was 99.7% (with a daily average of less than 2 flights canceled) and
the punctuality of 74% (70% in June), further increased in October
(80.4%).
Achieved levels of excellence on the Rome-Milan-Rome, where
punctuality was 92% and 94% in September and October. Good performance
on all other airports, while signs of improvement were also recorded in
Fiumicino, which in the quarter reached a level of punctuality average
of 60% (56% in June), at 66% and 68% in September to October.