Air Transport World

Alitalia reported.

Alitalia reported 1998 earnings of 384 billion lire ($210 million), 12% down from 438 billion lire in 1997 when a 362 billion lire one-time gain influenced consolidated net profit. Excluding 1997's gain and an extraordinary charge of 24 billion lire in 1998, profits grew more than fivefold, Alitalia said.

Revenues increased 5% to 9.1 trillion lire as Alitalia focused more on business travelers. …

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