June 23, 2020 / 11:37 AM / 14 days ago

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

ROME, June 23 (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. (Reporting by Angelo Amante, editing by Gavin Jones)

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