Alitalia has been undergoing a makeover since Etihad acquired a controlling share, revamped the business, and put Etihad people in house to monitor the evolving situation. In fact, Alitalia has reduced its loses in 2015 by a respectable €381 million.
But it’s still losing money.
The airline indicates it is: “on track for profitability by 2017..[with] strong 2015 performance.”