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Alitalia says cannot survive with current cost structure, industry rules

6 October 2006

Alitalia SpA chief executive Giancarlo Cimoli said the troubled state-controlled airline cannot survive with its current cost structure and existing industry rules, the daily Il Sole 24 Ore reported citing a company document sent to parliament.

According to the document, Alitalia cannot generate a return on invested capital and the more it operates flights the more money it loses.

The document criticised airport and regulatory inefficiencies, as well as ‘unfair competitive advantages’ enjoyed by low-cost airlines.

source: Forbes

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