Alitalia promises profit by 2017 as Etihad lays out new strategy

default_image

© Khunaspix Dreamstime.

By Alex Lennane

20/01/2015

It will take just two more years for troubled Alitalia to make a profit, according to its chairman and serial airline investor, Etihad’s CEO James Hogan. The carrier is to introduce new services in May, focusing on increasing its presence in Latin and North America, while Milan Malpensa will become a major cargo hub. But despite Etihad’s apparent affluence, Mr Hogan warned that the carrier “was not a bank” and it expected to see a return on its investment.

Read more...

Comment on this article

You must be logged in to post a comment.

Topics

Alitalia Etihad The Purse Strings Asia-North Europe HHLA Port of Hamburg Transatlantic

Most Read

MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'

Urgent call for breakdown of cargo onboard as General Average declared on Dali

Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker

Flexport is 'back on track' – now it needs to start growing again

Hong Kong drops out of world's top 10 busiest container ports

'Slow season' and ocean network stabilisation easing pressure on rates

Bottlenecks and price hikes as airlines now avoid Iran airspace

Kuehne + Nagel reshuffles the suits – leaks, views, sights

Vehicle imports clogging up terminals at European auto ports

Iran may now pose a threat to multimodal supply chains via Dubai

Capture of MSC Aries will further drive up Indian export costs

US splashes out to grab a slice of the semiconductor manufacturing pie

Ammonia, not methanol, will be the 'green fuel of the future'

Looks like rain: Panama Canal Authority eyes return to normal service

Soaring air freight rates may level out as summer capacity takes off

Adjustors sharpen pencils on rumours Dali owner called General Average