When the new, leaner Alitalia begins flying this month, it will be a milestone in the troubled carrier’s tortuous odyssey. However, this will probably not be the end of the story, especially considering the uncertain local and European context. Born-again Alitalia will have to quickly demonstrate that it still has a genuine raison d’etre, despite past difficulties and the airline industry’s urgent need to further consolidate. During the past few years, Alitalia posted abysmal losses, ...

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