Italy industry minister says Alitalia had 232 million euros of liquidity as of May 31

ROME (Reuters) – Italian Industry Minister Stefano Patuanelli said on Tuesday ailing carrier Alitalia had 232 mln euros of liquidity as of May 31, as the airline sector struggles with huge losses due to the COVID-19 emergency.

“As of May 31 the company had 232 million in liquidity… revenues between January and May amounted to 505 million,” Patuanelli told a parliamentary hearing.

Rome’s government is preparing to retake control of the loss-making Alitalia after 11 years of difficult private management and three failed restructuring attempts.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.