Alitalia CEO resigns less than a year into the job

Carrier reports €130 million net loss for first half of 2015
Less than a year into the job, the chief executive of Alitalia has resigned with immediate effect. Silvano Cassano said he was leaving for personal reasons, but the news comes as the carrier reports a net loss of €130 million for the first half of 2015.
That result was better than Alitalia had budgeted for, the airline said. But the loss in the second quarter was €30 million more than in the first, affected by a fire in May at Rome’s Fiumicino airport that cost €80 million.
Loss-making Alitalia is aiming for a return to profitability by 2017. The airline appointed Cassano as CEO after Etihad Airways agreed to buy a 49% stake in the airline as part of a €1.76 billion rescue plan. His duties will be shared between other executives until a replacement is found.


Check Also

Etihad Airways, Etihad Aviation Group, Tony Douglas, restructuring, CEO, management, Peter Baumgartner, CCO, COO

Etihad announces sweeping reorganisation

The radical restructuring is part of an ongoing modernisation, coming after $1.52bn in losses for 2017.

etihad, boeing, agree, negotiate, orders, planes, new, 777X

Etihad in talks to axe expensive orders

Etihad Airways is allegedly looking at ways to cancel or postpone its Boeing 777X orders, reports say.

Alitalia, Air India, sale, bid, deadline, EU, loan, lawful, rules, government, stake, privatise, airlines, business

Alitalia and Air India delay buyer deadlines

The governments of Italy and India delay the bid deadlines for their respective national carriers.

Alitalia, consortium, Air France-KLM, easyJet, bid, offer, buy, acquisition, offer, Lufthansa

Who’s bidding to take over Alitalia?

The Italian airline, now on state-funded life support, has attracted interest through three offers.

Air Berlin, sue, law, courts, Etihad, administrator, creditors, billion, litigation

Air Berlin creditors plan to sue Etihad

The sum to be sought through the courts could stretch to more than €1 billion.

Air Italy, Italy, flights, plans, Meridiana, Qatar Airways, rebrand, India, A350-1000, Alitalia

Qatar backs Italy’s “new national carrier”

Air Italy will take on Alitalia. Qatar Airways also takes the world’s first A350-1000 and reiterates India plans.