Latest forecasts suggest that Alitalia's 1997 profits could reach L500 billion ($280 million), more than twice earlier predictions. The carrier's board has now finalised plans for the final part of its recapitalisation, which could raise L1,000-2,000 billion from shareholders depending on the final price. Air Europe is also expected to show a L6 billion profit for 1997 as it moves towards a flotation.
Source: Flight International