Alitalia, in which the Italian government still owns just under 50%, confirmed last week that it is reviewing and revising its business plan to counter rising fuel costs and adjust its targets.

Business Plan 2005-2008 forecasts that AZ Fly, the airline entitity, will achieve a breakeven result this year and an EBITDAR margin of about 14% for 2007 and 2008.

However, Alitalia warned in May while reporting a widening of its first-quarter operating loss to €129 million and a 3.1% decline in revenues that it would be "opportune to wait for the end of the second quarter as well as hope for an improvement in trade union relations" before making a full-year forecast (ATWOnline, May 17). It is expected to report first-half results on Sept. 12.

Read on about Alitalia's business plan at Atwonline.com.