October 20, 2020

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The Corona crisis is pushing Alitalia deeper into the red

The Corona crisis is pushing Alitalia deeper into the red

In the same period, Alitalia carried around 3.6 million passengers, almost two thirds fewer than a year earlier. The company was hardest hit by the travel restrictions in force between early March and early June.

Concerns about the pandemic and weak economic growth around the world weighed on the company’s balance sheets, even after travel restrictions were lifted in June.

Alitalia was saved from destruction by the Italian government with a cash injection of three billion euros. As a result, the airline, which has been in financial trouble for years, is once again completely in the hands of the state.

Last month, Corriere della Sera reported that the new, nationalized Alitalia hopes to become profitable by flying a simplified fleet of just Boeing 787s and Airbus A320s in the future. The fleet must also become smaller than it is now.