PASSENGER REVENUES: GROWTH IN INTERCONTINENTAL PASSENGER REVENUES (+11.5% vs. PY) AND INTERNATIONAL (+ 1% vs. PY).
DESPITE THE NEGATIVE TREND AFFECTING THE DOMESTIC ITALIAN MARKET, ALITALIA MAINTAINS STRONGER RESULTS THAN THE INDUSTRY AS A WHOLE.THE COMPANY GAINS 1.6 PERCENTAGE POINTS OF DOMESTIC MARKET SHARE COMPARED TO PREVIOUS YEAR.
LOAD FACTOR REACHED 70.7, (+1.9 PERCENTAGE POINTS COMPARED TO PY).
LEVELS OF EXCELLENCE CONTINUE WITH FLIGHT REGULARITY AT 99.5% AND FLIGHT PUNCTUALITY AT 87.5%.
THE ELABORATION OF THE 2013/2016 INDUSTRIAL PLAN IS IN PROGRESS.
Rome, May 27, 2013 - The Board of Directors of Alitalia - Compagnia Aerea Italiana SpA, chaired by Roberto Colaninno, met in Rome today and approved the Group financial statement through March 31, 2013, presented by the CEO, Gabriele Del Torchio.
ALITALIA GROUP INDUSTRY AND FINANCIAL TREND IN 1° QUARTER 2013
Throughout the first trimester of 2013, the global macroeconomic scenario remained weak specifically in Europe and Italy where the GDP (Gross Domestic Product) registered a trend of -2.3% in Italy.
To compensate for the decrease in demand, tied to the financial crisis, which has impacted the Eurozone, as well as the increasingly heated competitive scenario, the Alitalia Group has taken measures to optimize its capacity.
By the end of the first trimester, which concluded on March 31, 2013, the Alitalia Group recorded an increase in revenues from passenger traffic equal to +1.2% compared to the same period of 2012.
In particular, compared to the overall negative trend reported by the industry as a whole on the domestic market (about -11%), Alitalia recorded a decrease in its revenues by 7.4%, while in the international segment revenues increased by 1,1% and in intercontinental segment by 11.5%.
The Group’s load factor significantly improved reaching 70.7% from 68.8%, an increase of 1.9 percentage points compared to the same period of the previous year.
Throughout the first quarter of 2013, the Alitalia Group reinforced its intercontinental and international product by inaugurating new routes from Rome to Fortaleza, Prague, Bilbao, Copenhagen, Yekaterinburg, Krakow, Montpellier and Oran in March 2013. The Smart Carrier Air One introduced new domestic service from its hub in Venice.
THE RESULTS: THE INDUSTRIAL MANAGEMENT STRONGLY IMPROVED, REDUCTION IN NON-RECURRING REVENUES
Total revenues in the first quarter were equal to 729 ml. €. The previously mentioned increase in passenger revenues, as well as the decrease in non-recurring revenues - equal to 22 ml. € in 2013 compared to 69 ml. € in the first quarter of 2012 - have contributed to this result.
The operating result (EBIT) was equal to - 136 ml. €, compared to - 109 ml. € recorded in Q1 2012. Net result was equal to - 157 ml. €, compared to - 131 ml. € from the same period of 2012.
As of March 31, 2013, net financial indebtedness was equal to 1023 ml. € - and included 95 ml. € of the shareholders loan -, compared to 967 ml. € at December 31, 2012, with a share of owned aircraft indebtedness equal to 636 million ml. €.
Total liquidity as of March 31, 2013, including unused lines of credit, amounted to 159 ml. €.
The CEO Gabriele Del Torchio announced to the Board of Directors that the elaboration of the 2013/2016 Industrial Plan is currently in progress and the Plan is expected to be presented to the Board at the end of June.
OPERATIONAL PERFORMANCE CONTINUES TO REACH LEVELS OF EXCELLENCE
From January through March 2013, Alitalia’s performance and service continued to maintain levels of excellence.
Flight punctuality upon arrival was 87%. With this result, Alitalia continues to be one of the most punctual carriers in Europe.
The index of regularity of Alitalia’s flights (number of flights operated on the total number of flights scheduled) reached 99.5%.
The group also confirmed significant improvement in baggage handling index registering a level of 5.5 successfully resolved issues per thousand passengers, placing Alitalia among the best European airlines.
The German Institute for Service Quality (ITQF) published last week its first Italian consumer research. Italian pollsters recognized Alitalia as the best airline for the quality of service and the preferred travel carrier in Italy.