Italy’s Alitalia cuts losses in Q2

Rome: Italy’s stricken airline Alitalia is shedding money at afar slower rate than in the past, its bankruptcy administrators said. The former flag carrier lost 31.3 million euros (about $37 million) in June-October, and has hardly used the 900-million-eurostate loan that is keeping it afloat, a statement said.
The figures compare with a 205-million-euro loss in January-February— the last financial data the company released — and a 492-million-euro loss for the whole of 2016.
Administrator Luigi Gubitosi told parliament that earnings before interest, taxes, depreciation and amortisation “will be positive in the second part of the year,” ANSA news agency reported. — dpa