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hobie

3rd Feb 2005 14:47

A billion Dollar loss .....

Quote:

Alitalia, the Italian airline struggling to prevent bankruptcy, on Tuesday estimated its 2004 losses were EUR850 million (USD$1.11 billion), but warned the final figure could change partly because of accounting rules.

http://news.airwise.com/story/view/1107285453.html

I wonder if Willie Walsh and his Buddies would fancy a few years in Italy? :confused:

Onan the Clumsy

3rd Feb 2005 15:01

Billion? :confused: Maybe they meant Lire

dusk2dawn

3rd Feb 2005 15:24

Well, the $ is somewhat depreciated nowadays....

Re-Heat

3rd Feb 2005 15:50

I cannot see how accounting rules could paint a $1.1bn loss in any rosier picture than the reality!!

Though awful to say for the jobs involved etc, but it is surely best to let the thing die now rather than dragging it out and ruining the aviation market further?

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