Alitalia Update

Interesting. I think the era of cheap international flights may be slowly ending. Cannot not be sustained on $500 flights.

I think the era of cheap international flights may be slowly ending. Cannot not be sustained on $500 flights.

I think you mean the brief era of cheap "transatlantic flights" may be slowly ending. But what does that have to do with this story?

Alitalia is in it's second bankruptcy and burning thru the last huge "loan" from the Italian gov't. They haven't been profitable for decades. There's no way the airline can dig itself out of the debt hole it's in. The current Italian gov't can't nationalize it without breaking campaign promises that may cause a new gov't election to see if they can stay in power, but if it comes down to that or no longer having a "national" airline all bets are off. Delta would be wise to run away.

More news about Delta's potential investment in Alitalia:

https://www.reuters.com/article/us-delta-air-fleet-m-a/delta-plans-fleet-overhaul-considering-alitalia-investment-idUSKCN1QM1ZO

Several paragraphs to say " we are still thinking about it; no, not the crazy amounts mentioned in the rumors; no comment on any other specifics"

The slow motion train wreck rolls on, is my take