alitalia’s board approves profitability strategy including €1bn in cost cuts by 2019
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Alitalia’s board approves profitability strategy including €1bn in cost cuts by 2019

Egypt Today, egypt today

Egypt Today, egypt today Alitalia’s board approves profitability strategy including €1bn in cost cuts by 2019

Alitalia will reduce its fleet by 20 narrow-body aircraft and re-negotiate supplier agreements
Milan - Arab Today

Alitalia’s board has approved a turnaround plan that will include cost cuts of €1 billion (Dh3.94bn) and an increase in the number of transatlantic flights as the airline seeks to achieve profitability by the end of 2019.
The 2017-21 business strategy also envisages a 30 per cent rise in revenue to €3.7bn from €2.9bn by 2019 led by the effects of about €200 million of investment in new technology over the past two years.
"The aviation industry is ferociously competitive and never stands still," said Cramer Ball, Alitalia’s chief executive. "Only through radical change will Alitalia’s fortunes be turned around … We rebuilt our brand in the first phase and invested heavily in staff training and technology so we are now able to move ahead and implement wide-ranging changes."
Alitalia, 49 per cent owned by Abu Dhabi’s Etihad Airways, will soon present the plan to the Italian government. It will then begin discussions with the airline’s trade unions for the approval of a new collective works agreement and headcount-related measures.
"I am confident that the next phase of the industrial plan will represent the step forward needed, provided that all interested parties play their part," said Mr Ball.
The airline’s relationship with labour unions has been tense in recent weeks and a stand-off over renewing employee contracts and potential job losses led to a one-day strike last month that forced Alitalia to cancel hundreds of flights.
The troubled airline will reduce its fleet by 20 narrow-body aircraft and renegotiate agreements, with suppliers including catering, ground handling, aircraft leasing and with the airports it uses.
Alitalia will make better use of its remaining short- and medium-haul narrow-body fleet, increase the number of flights between Italy and the Americas and re-evaluate its transatlantic operations, trying to fly more often on its existing routes.
"If we can’t compete throughout Italy and Europe against low-cost carriers then we lose air travellers that connect on to intercontinental flights. Put simply, there is absolutely no alternative," said Mr Ball.
Budget airlines account for 47 per cent of the Italian market, Alitalia said.
Extra seats will be fitted to its existing fleet with buy-on-board and ancillary services together with "more attractive air fares" to be introduced, attempting to increase revenues while cutting costs.
"Our investment in technology will enable us to develop new sales channels and this will contribute to increasing our revenue," said Mr Ball.
"About 20 per cent of our customers already use online ways to book their flights and we aim to increase that figure to more than 50 per cent."

Source: The National

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

alitalia’s board approves profitability strategy including €1bn in cost cuts by 2019 alitalia’s board approves profitability strategy including €1bn in cost cuts by 2019



GMT 06:29 2011 Monday ,14 November

Matthew cruises to win at Ochoa Invitational

GMT 03:34 2017 Wednesday ,22 March

Tillerson to skip NATO meeting next month

GMT 13:44 2013 Friday ,15 March

Israel suppress Palestinian demonstrations

GMT 16:15 2017 Monday ,01 May

Moroccan Workers’ Syndicate

GMT 11:56 2016 Wednesday ,12 October

Toyota, Suzuki eye partnership as industry consolidates

GMT 15:42 2011 Thursday ,23 June

Express checks in with foursquare

GMT 10:49 2017 Sunday ,13 August

Car rams into crowd at violent Virginia rally

GMT 17:45 2013 Sunday ,20 October

5 Indian spices that are good for your health

GMT 08:41 2012 Saturday ,15 September

Italian magazine: will print Kate topless snaps

GMT 08:02 2012 Tuesday ,05 June

Zoe Saldana in Prabal Gurung

GMT 06:11 2012 Saturday ,15 September

Tunisia’s Media Conflict: Journalists fight for freedom

GMT 14:35 2015 Friday ,24 July

Awqaf Minister hails New Suez Canal project

GMT 16:34 2017 Thursday ,28 December

Hitler's Nazi-parade Mercedes set

GMT 11:22 2011 Monday ,10 October

Paul McCartney to play in Moscow in December

GMT 05:17 2015 Friday ,25 September

Pope expresses solidarity with Muslims after stampede

GMT 05:44 2012 Saturday ,21 April

ATV engine 95 HP

GMT 03:01 2011 Monday ,19 September

Laughter, tears at US television\'s Emmy awards

GMT 12:04 2012 Wednesday ,07 March

6 Music animation draws on 10 years of eclectic radio

GMT 01:00 2015 Sunday ,05 April

Barzani congratulates Abadi on Tikrit victory

GMT 13:24 2015 Thursday ,15 October

Tesla installs 'autopilot' update

GMT 06:17 2012 Monday ,02 January

Countries across the world celebrate the New Year

GMT 04:07 2016 Tuesday ,07 June

For new era of self-driving cars

GMT 08:21 2017 Saturday ,23 December

Saudi-Sudanese Deal to Ease Transfers

GMT 11:08 2017 Thursday ,21 December

Asian markets mostly down as tax cut euphoria wanes
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday