Alitalia Group’s new CEO Gabriele Del Torchio is working on a four-year business plan aimed at securing the airline’s survival and reversing losses, which widened by 20% in the first quarter on a 1% rise in revenue. Del Torchio was appointed in April to replace Andrea Ragnetti, who resigned in February after one year as head of the Italian carrier. The 2013-16 restructuring plan is expected to be presented to the board of directors at the end of June, the company says. The program ...

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