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Alitalia achieved operating profit only once in the past 11 years, and loses
about euro50,000 (US$62,400) per hour. It is trying to improve its financial
health in hopes of joining an alliance formed by the merger of Air France and
KLM Royal Dutch Airlines.
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You know an airline is in real trouble when they start measuring its losses
per hour instead of per month, quarter or year :-) :-) ;-) :-) :-) :-)

There were rumours that the government might split Alitalia into 2 companies.
The first one would inherit all debts, the second one would tne be privatized,
debt free and then free to join AF/KL. But these rumours were denied.