– there is a good chance that Alitalia may not make it this time and will be sold off – the Etihad bonds already took a beating today
Alitalia has been using taxpayer money for far too long that not just teh Italian taxpayers but also the European Union is opposed to just another bailout. Etihad would be happy to buy it all but is prohibited and also has less cash these days.
– Malaysia Airlines is ready to lease the Alitalia A330 right away – smart move
– Alaska Airlines is upbeat despite halving the quarterly profits as teh business is so much bigger suddenly
Alaska Air Group—the parent of Alaska Airlines, Virgin America and Horizon Air—reported a 2017 first-quarter net profit of $99 million, down 46% from a net profit of $184 million in the 2016 March quarter.
Seattle-based Alaska noted the 2016 first-quarter GAAP figure does not include San Francisco-based Virgin America, while the 2017 figure does—Alaska’s acquisition of Virgin America closed in December 2016. Combining the two companies’ results from 2016 and excluding merger-related costs and fuel hedging adjustments in 2017, Alaska-Virgin America posted a pre-tax profit of $202 million in the 2017 first quarter versus $319 million in the 2016 March quarter, a 37% decrease.