Alitalia loss widens in first half 2013 to 294 mln euros
Carrier’s shareholders to vote on capital increase on Oct.26 September, 20:01
The loss widened from the 201 million it lost in the first half of 2012, excluding the 50 million euros of extraordinary write downs it had to factor in during the period as a result of fiscal legal issues.
Debt in the period ending June 30 fell to 946 million euros, compared to 1 billion euros at the end of the year-earlier period.
The 2013 debt figures do not include some 95 million euros of shareholder financing.
The company had liquidity of 128 million euros at the end of June 2013.
Alitalia's board of directors approved a 100-million-euro capital increase plan at a board meeting on Thursday, heightening speculation that Air France and KLM, which together own about 25% of the troubled Italian flagship carrier, may further increase their holdings.
The airline said it had called a an extraordinary shareholders meeting on October 14 to approve the capital increase plan that the board of directors signed off on today.