The approval of Alitalia's new industrial plan will arrive by the end of the week. This is what can be read in the press release released by the company at the end of today's board of directors, which lasted approximately a couple of hours.
Today's board was updated on the process of sharing the company's relaunch plan with shareholders, in the light of the work done by the advisor Roland Berger who is preparing an independent evaluation of the plan itself.
Alitalia, CEO Cramer Ball explained, "is in line with the objective of achieving a cost reduction of 160 million euros in 2017 alone (which does not include labor costs), as announced in the board of directors of January".
Ball also underlined that "further cuts (always not related to labor costs) have been identified and may be implemented during the course of the plan".
"Against the background of a complex financial context", the Alitalia board of directors "has taken note of the commercial performances recorded in the month of January" continues the note. "In particular, as regards the load factor, which in the first month of 2017 recorded an average value of 78%, with a growth of 4,4 percentage points compared to the same period of the previous year, and as regards sales of tickets which again in January recorded an increase of 7% compared to the previous year”.
