Friday, February 6, 2009

What Does A Period Look Like Clip

15 Marzo 2010: Alitalia è francese

The statements by the chairman of Alitalia, Roberto Colaninno, before the Joint Commission of the House and Senate issued last Feb. 4 are shocking: "I fly from Verona with Air Dolomiti.
Air Dolomiti is a pity that competes with Alitalia as part of the Lufthansa Group.
Perhaps the president has escaped the fact that this competition is made in house ...

Apart from this statement that is not so bad, because every person is free to choose the preferred operator and the airport, it was followed by another much more serious.

Alitalia's chief executive, Rocco Sabelli, he lied before the joint committees, stating that the new airline's load factor was 43 percent against 50 percent last year, pity that the load factor of Alitalia was to 64.61 per cent, and 48.46 percent of the Heron. Together the two companies had a load factor equal to 62.59 percent, or about twenty percentage points more than the new wing Alitalia. The data source is the AEA, ie the association of traditional carriers in Europe.
How does the "flag carrier" be satisfied with?

If not improve the LF compared to January, in the year, on average, the new Alitalia will exceed 65 percent of filling its planes, less than 7 points on the same floor Phoenix, but still higher than the level of load factor AirOne reached by 2008.
If so there would be lower revenues for 500 million euro, with the optimistic estimate of a yield stable although in times of crisis (for example, Ryanair has dropped by 20 percent, to stabilize the LF).

Sabelli then held before the Commission that the low cost airlines have lowered their load factor, showing digits without specifying the means of delivery.
Analyzing the two main low cost airlines in Europe and Italy, where they have a market share of low cost market more than 50 percent is denoted again by the inaccuracy of the managing director of Alitalia. Easyjet in January it has decreased the load factor to 72 percent (30 percentage points more than Alitalia), but over the past 12 months has increased to almost reaching 85 percent. Ryanair has remained stable at 69 percent in January and more than 80 percent last year. What
low cost relates the CEO of Alitalia? Certainly not the two major competitors.
Le stime vedono un’Alitalia gravemente malata con delle perdite per il 2009 pari a 630 milioni di euro, più di quanto fatto dalla pre-fallimentare vecchia Alitalia nel 2007. In questa stima consideriamo anche minori costi dovuti alla diminuzione del prezzo del carburante per circa 200 milioni di euro e stimiamo ottimisticamente che il petrolio non aumenti le proprie quotazioni.
Se le perdite saranno di questa portata le ipotesi sono due: la ricapitalizzazione o il fallimento.
Nel secondo caso si consumerebbe il secondo fallimento in meno 20 mesi per il vettore di bandiera italiana, mentre in caso di ricapitalizzazione, necessaria entro i primi mesi del 2010, il 15 di Marzo del 2010 Air France diventerà socio di maggioranza della nuova Alitalia.

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