Giovedì, 18 Ottobre 2018

Alitalia to give up seven Milan-Rome slots


Rome, October 25 - Italy's antitrust authority has
ruled that Italy's flagship carrier Alitalia must give up seven
slots on its monopoly Rome-Milan route to competitor EasyJet.
The ruling overturns an ad hoc legislative decree that
amended the suspended antitrust laws in 2008, allowing Alitalia
an attempt to salvage its leading position in the Italian market
and repay a government bridge loan of 300 million euros to the
then almost insolvent carrier.
Probes carried out last April by the antitrust authorities
that led to the ruling said that there is "a lack of proper
competition between rail and air transport" and that Alitalia
was running a monopoly.
The airline said that it lost 2 million passengers and 50%
of its earnings in the space of three years as a result of
high-speed rail companies like the Frecciarossa, effectively
confirming the competitive threat.
However, Alitalia's third-quarter results released Thursday
showed a net profit of 27 million euros in contrast to
second-quarter losses of 70 million euros and total revenues up
4% to 1.126 billion euros from 1.080 billion earned in the same
period in 2011.
The slots apply especially to "peak transit hours in the
morning and evening," the antitrust authority said.

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