Alitalia cuts loss by half in first six months

Italian airline Alitalia narrowed its net loss by about half to US$214.14 million as revenue increased with the recovery in air travel in the first half of the year, reported Dow Jones Newswires.

Alitalia, 25 percent owned by Air France-KLM, said its operating loss narrowed to $168.44 million from $356.46 million a year earlier.

Revenue rose 13 percent to $1.93 billion, getting a boost from a recovery in international and transcontinental traffic to Asia and the US.
(Source:www.cargonewsasia.com)