Italian airline announces profits

Alitalia (AL), not a carrier with much of a reputation for financial stability, has made a net profit of €39m between July and September this year.  The figure is a €24m improvement on the same period in 2009.

In terms of actual passenger numbers the Skyteam member carried 7.1m passengers between July and September, 11% up on last year.  The airline confirmed it is on track to reach its operating break-even target by 2011, and has predicted better than expected full-year results for this financial year.

The airline said recovery in demand, from both intercontinental and international markets, continues to be strong while demand within Italy is beginning to show signs of growth.

During the quarter, Alitalia took delivery of its initial new A330, the first aircraft to join the fleet with both the carrier’s new Business Class seat and Classica Plus Premium Economy product. www.alitalia.com

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