Alitalia third-quarter profit nosedives

This story is sourced from Pro
See more Pro news »

Alitalia's operating profit plunged nearly 75% in the third quarter, declining to €7 million ($9.7 million) from €27 million a year ago.

Revenue fell 6% to €1.06 billion.

Nine-month earnings before interest and tax (EBIT) were negative to the tune of €162 million, widening the €119 million reverse of 2012's third quarter.

Net debt at the end of September stood at €813 million, down from €851 million on 30 June.