United Kingdom
United States
Asia Pacific
Alitalia ‘has three months to avoid bankruptcy’
Alitalia has been given three months to organise a restructuring to avoid bankruptcy.
Italy’s prime minister Romano Prodi reportedly said the carrier – in which the government has a 49.9% stake – was facing the worst crisis in its history after a partial float had failed to prevent a downward spiral.
He was quoted as saying: “The situation is totally out of control and I don’t see any parachutes. We have until January to hammer out a solution to avoid banruptcy.”
Prodi dismissed calls for more state handouts, adding: “It is useless to talk about restructuring or fresh capital when no strategy exists,” according to the Daily Telegraph.
The airline has lost 72 million euros in the past three years, blaming increased low fares competition from no-frills airline rivals such as easyJet and Ryanair which have established hubs in Italy.
Report by Phil Davies
Phil Davies
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Dozens fall ill in P&O Cruises ship outbreak
BA suspending all Heathrow to Abu Dhabi flights
Turkish Airlines flight in emergency landing after pilot dies
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel