Between June and October 2017 Alitalia posted a €21m net loss

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Bankrupt Alitalia is not out of the woods yet, yesterday (22 November) Alitalia’s special commissioners have presented the performance of the administrative management in the period between 1 June and 31 October 2017 during a hearing at the Chamber of Deputies.

The total revenues of the ailing airline amounted to € 1,432.9 million, with the EBITDA postive at € 73.9 million. That resulted in a negative net result by € 31.3 million. Excluding interest on the Government loan, the net result was negative by € 20.9 million.

The Company’s cash flow was equal to € 845 million on 31 October, 2017. The commissioners added: “It should be noted that the financial resources available are calculated net of the deposit paid to the IATA and worth € 118 million as well as the deposits placed with banks for hedging transactions for a total value of € 29 million.

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