Alitalia – Compagnia Aerea Italiana S.p.A. Board of Directors approved H1-2013 operating results and planned for extraordinary shareholders meeting on October 14, 2013

• APPROVED OPERATING RESULTS FOR THE FIRST HALF OF 2013.
• THE BOARD OF DIRECTORS HAS AGREED TO PRESENT TO THE SHAREHOLDERS AND THE BANKING INSTITUTION THE FINANCIAL OPERATION NEEDED TO IMPLEMENT THE BUSINESS PLAN APPROVED IN JULY.
• SHAREHOLDERS WILL BE CALLED TO APPROVE A CAPITAL INCREASE OF NOT LESS THAN 100 MILLION EURO AND TO COMPLETE THE SIGNING OF CONVERTIBLE SHAREHOLDERS LOAN FOR 55 MILLION EURO.
• AN EXTRAORDINARY SHAREHOLDERS’ MEETING IS PLANNED FOR OCTOBER 14 TO DECIDE ON THE CAPITAL INCREASE TODAY APPROVED BY THE BOARD.
• THE NEXT BOARD IS PLANNED FOR OCTOBER 3 TO UPDATE THE MEMBERS ON DEVELOPMENTS.

Rome, 02-10-2013 — /EuropaWire/ — The Board of Directors of Alitalia – Compagnia Aerea Italiana S.p.A., chaired by Mr. Roberto Colaninno, met today in Rome.

THE GROUP’S INDUSTRIAL AND ECONOMIC PERFORMANCE IN THE FIRST 6 MONTHS OF 2013

In the first half of 2013 the global macroeconomic environment continued to be critical, particularly in the Eurozone and Italy.

Faced with a general decrease in the number of passengers in Italy of more than 9% (source Assaeroporti), the Alitalia Group, in the first half, carried 10.7 million passengers, outperforming the industry, although declining, compared to the period January to June, 2012, by 4%. Consequently, in the same period, the Alitalia Group’s share of the domestic market was 49.5% (+1.2 percentage points vs. 2012).

On three segments – intercontinental, international and domestic – the Group has maintained the same market share as last year – more than 22%. The market share at the Rome Fiumicino hub was 46.6%, 0.9 pp higher than the figure for 2012.

The load factor of the aircraft also significantly improved during the period, rising from 71% in the first half of 2012 to 73% in 2013, representing an increase of 2 percentage points. Total revenues for the period amounted to 1,621 ml. €, a decrease of about 4% compared to 1,686 ml.€ for the first 6 months of 2012.

However, revenues from passenger traffic are slightly higher (+0.2%) versus the same period of 2012. Also changes the composition of revenues by geographical areas: in the domestic market, as a result of the national economic recession, Alitalia recorded a decrease in its revenues by 10.1%, while in the international segment, revenue increased by 3.7 %; and in the intercontinental segment revenues rose 9.1%.

The operating result (EBIT) was equal to -198 ml. €, compared to – 169 ml. € recorded in first half 2012.

The EBIT includes non-recurring income of 39 million €, a sharp decrease compared to the previous year which amounted to 87 million €.

Excluding these non-recurring items the industrial ebit amounted to -237 million € in 2013, an improvement of € 18 million over the previous year (-255 million euro).

Additionally, in the first half of the year incremental costs were sustained due to: airport taxes, noise charges (Lazio Region), Fornero fee, contribution costs ENAV (Air Traffic Control), ETS fee for a total of over 60 million euro.

The net result was -294 ml. € (compared to -201 ml. € for the same period of 2012), including, € 50 million of extraordinary provisions of which 47 million related to the fiscal dispute on Irish companies belonging to the former Air One Group.

Reduce net financial indebtedness at June 30, which is equal to 946 ml. € including 95 ml. € of the shareholder loan, compared to 1,023 ml. € to 31.03.2013, with a share of owned aircraft indebtedness equal to 600 million ml. €.

At the end of the first half of 2013, the total available cash flow – including unused credit lines – is equal to 128 ml. € .

For press information:
Antonella Zivillica
Alitalia VP Media Relations
Ph. +39 06 65638950
Email. ufficio.stampa@alitalia.it