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Alitalia’s Board of Directors approves the Group financial statement for 2012.

25-02-2013

2012 REVENUES EQUAL TO € 3,594 ML. (+ 3.3 % VS 2011), OPERATING RESULTS EQUAL TO - 119,1 ML. €, NET RESULT EQUAL TO- 280 ML. € COSTS FOR FLEET DEPRECIATION AND MAINTENANCE, EQUAL TO 91 ML. €, WEIGH ON THE NET RESULT.

THE TREND REVERSAL DURING THE SECOND HALF OF THE YEAR COMPARED TO THE FIRST SIX MONTHS OF 2012 HAS BEEN CONFIRMED. THE FOURTH QUARTER REGISTERS BREAK-EVEN OPERATING RESULTS.

IN 2012 THE ALITALIA GROUP CARRIED MORE THAN 24 MILLION AND 275 THOUSAND PASSENGERS.

LOAD FACTOR REACHED 74.6%, +1.8 PPTS COMPARED TO 2011.

ALITALIA RANKED AMONG THE TOP AIRLINES FOR OPERATIONAL EXCELLENCE: IN 2012 ALITALIA WAS THE TOP-RANKING AIRLINE IN EUROPE FOR FLIGHT REGULARITY, A SIGNIFICANT IMPROVEMENT COMPARED TO 2009 WHEN IT RANKED AMONG THE LAST.  

IN 2012 ALITALIA’S FLIGHT PUNCTUALITY ALSO IMPROVED WITH AN ON-TIME RATE OF 86.9%, + 1.5 PPTS VS 2011.

RENEWAL OF THE ALITALIA FLEET COMPLETED.

THE MINIMUM THRESHOLD (95 ML. €) FOR THE ISSUANCE OF THE SHAREHOLDERS LOAN HAS BEEN REACHED.

 

Rome, February 25, 2013 - The Board of Directors of Alitalia - Compagnia Aerea Italiana S.p.A., chaired by Roberto Colaninno, met in Rome and approved the Group financial statement for 2012 presented by the CEO, Andrea Ragnetti.

2012 was one of the worst years for the European carriers characterized by the financial crisis which invested the Eurozone, and in particular the Mediterranean countries including Italy, where the recession has proven to be deeper and longer than expected, causing a substantial decrease in the demand.

THE TREND REVERSAL RECORDED IN THE SECOND HALF OF THE YEAR COMPARED TO THE FIRST 6 MONTHS OF 2012 HAS BEEN CONFIRMED.

In Q4 2012 Alitalia transported 5 million 245 thousand passengers with total revenues worth 690 ml. € and break-even operating results.

ALITALIA GROUP PERFORMANCE IN 2012

In the financial year ending December 31, 2012, that was characterized by a negative macroeconomic state, the Alitalia Group recorded revenues worth 3,594 ml. € (+ 3.3% vs 2011).

Passenger revenues from international and intercontinental flights rose 7% to 64% of total passenger revenues.

Alitalia’s cargo belly transported more than 62,500 metric tons of goods with slightly lower volume compared to 2011.  However, revenue increased 5% partly through increased long haul operations.

Operating result (EBIT) was equal to - 119 million € (- 6 ml. € in 2011) and net result, after provisions and extraordinary costs, was equal to - 280 million € (- 69 ml. € in 2011). 91 ml. are associated with extraordinary costs attributed to depreciation, maintenance and sales of aircraft within the renewal of the fleet completed in December 2012.

As of December 31 the net financial indebtedness was equal to 1.028 million €, an increase of 175 ml. vs. 2011 (€ 854 ml.), mainly due to the indebtedness on the Company-owned aircraft fleet equal to € 612 ml. (€ 675 ml. in 2011).

Total liquidity as of December 31, 2012 - including unused credit lines - amounted to 75 million (vs. € 326 million in 2011).

IN 2012 THE ALITALIA GROUP CARRIED 24,275,604 PASSENGERS

This result, slightly lower than the 2011 result, has to be analyzed in an overall context of rationalization of capacity in the market, in which even the Alitalia Group, in response to a sharp fall in demand due to the economic and financial crisis, has taken prompt action to optimize its capacity and reduce its own offer by 2.6%.

In 2012 Alitalia Group’s market share - on all three networks, intercontinental, international and domestic - remained stable at around 22.6%.

Operations of the “Smart Carrier” Air One rose about 45% in 2012 in terms of transported passengers with the passenger number rising to 2 million (1,4 million in 2011) through growth attributed to the opening of two new operating bases in Venice (May 2012) and in Catania (October 2012), which are in addition to Milan Malpensa and Pisa.                                 

In 2012 load factor increased reaching 74.6%, + 1.8 percentage points compared to 2011 (72.8%).

OPERATIONAL PERFORMANCE IMPROVEMENTS CONTINUE: ALITALIA FIRST CARRIER IN EUROPE IN TERMS OF REGULARITY AND AMONG THE TOP FOR PUNCTUALITY.

In 2012 significant progress was achieved in the quality of service continuing from the improvements in the previous years.

The index of regularity of Alitalia’s flights - i.e. the number of flights operated on the total number of flights scheduled - reached 99.7% allowing the Company to become the first carrier in Europe in terms of regularity of flights. In 2009 Alitalia ranked among the last carriers. 

In 2012 A15 flights punctuality - the number of flights landed within 15 minutes of the estimated arrival - was 86.9%, an increase of 1.4 percentage points compared to 85.5% in 2011.  With this result Alitalia is now among the first carriers in Europe in terms of punctuality while in 2009 the Company ranked among the last carriers.

Alitalia will continue to improve operational performance with the aim of becoming in 2013 the most punctual carrier in Europe.

RENOVATION OF THE FLEET COMPLETED

In December 2012 Alitalia’s fleet renovation plan was completed. Today the operating fleet consists of 140 aircraft with an average aircraft age of 6.5 years compared to an average age of 9.3 years in 2009.

The ambitious multi-year fleet renewal plan was launched in January 2009. Through December 2012 Alitalia received 55 new aircraft including regional (Embraer E-190 and E-175), medium-haul aircraft (Airbus A319 and A320) and long-haul aircraft (Airbus A330). Out of the 55 new aircraft, 21 were delivered in 2012.

From 2009 to 2012 a total of 67 aircraft were phased out, of which 41 in 2012. At the end of October 2012 Alitalia dismissed from its operational fleet the MD80 and the Boeing 767. These historical aircraft have been replaced by modern, comfortable and more efficient aircraft.

The fleet renewal plan launched in 2009 included a complete reconfiguration of the interior of 89 Alitalia medium and long-haul aircraft. Ten long-hauls Boeing B777 have been completely reconfigured in 2012 with three distinct cabins: Magnifica, Classica Plus and Classica guaranteeing a consistent long-haul product.

NETWORK NEWS AND CUSTOMER SATISFACTION RESULTS

In 2012 Alitalia began the expansion of its international and intercontinental routes by adding four new destinations from Rome Fiumicino: Tbilisi (from July 5th), Zurich (from October 29th), Abu Dhabi (from December 1st) and Yerevan (from December 11th).

Two more destinations have been added in January 2013 (Fortaleza and Prague) and, starting April 2013, nine more destinations (Copenhagen, Krakow, Yekaterinburg, Oran, Podgorica, Bilbao, Montpellier, Antalya and Djerba) will be offered in addition to Moscow, Samara and Rostov connected by Air One.

In 2012 customer satisfaction rate reached 78% with a peak of 87% for the intercontinental service, for which the Company was awarded for the third consecutive year Best Airline Cuisine in Global Traveler magazine’s GT Readers Tested Survey. The prestigious award recognizes the airline’s commitment to creating an authentic, high-quality Italian dining experience for Magnifica Business Class travelers. In 2012 Air One reached a rate of 81.9% customer satisfaction.