Alitalia News
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Michael O’Leary, who built Ryanair Holdings Plc into Europe’s biggest discount airline over two decades, pledged to stay another five years and render its dominance complete as competitors exit short-haul flying.
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Ducati Motor Holding SpA promoted General Manager Claudio Domenicali to the top spot of the Italian sports-motorcycle brand owned by Volkswagen AG after his predecessor was appointed to run airline Alitalia SpA.
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Aer Lingus Group Plc, Ireland’s national carrier, said it’s working on plans to fly short-haul routes for major European airlines keen to exit unprofitable services while retaining feeder traffic to their hubs.
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Alitalia SpA’s monopoly over flights linking Rome Fiumicino and Milan Linate airports ends today as discount operator EasyJet Plc commences services between Italy’s capital city and its biggest financial center.
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Alitalia SpA said Chief Executive Officer Andrea Ragnetti has resigned one year into his post, as the Italian flag carrier reported its loss quadrupled last year.
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Alitalia SpA, whose Chief Executive Officer Andrea Ragnetti resigned last month after the full-year loss widened, said it plans to break even in 2013.
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Ryanair Holdings Plc lost a court challenge that may have forced Alitalia SpA’s owners to repay a 300 million euro ($401 million) loan from the Italian government.
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Virgin Atlantic Airways Ltd.’s new chief executive officer has given himself two years to cut costs and restore Richard Branson’s best-known brand to profitability without damaging its reputation for doing things differently.
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The FBI said it’s investigating an unmanned aircraft spotted by a pilot on an arriving flight yesterday near John F. Kennedy International Airport in New York.
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Alitalia SpA will deepen its partnership with Air France-KLM Group and Delta Air Lines Inc. by sharing transatlantic revenue and costs to help boost profit.
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