Alitalia Reports Smaller Loss, Larger Debt
Alitalia's 1994 net loss declined to 288 billion lire (US$168 million) from 344 billion lire in 1993, but its total debt increased by half to 3.059 trillion lire (US$1.79 billion) as a result of increased spending on fleet development. Excluding extraordinary items, such as restructuring and...
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