Ragnetti steps down at Alitalia

Ragnetti steps down at Alitalia

Italian carrier Alitalia has confirmed chief executive Andrea Ragnetti has resigned from the role.

Chairman Roberto Colaninno will be the interim chief executive until the board appoints a replacement.

A statement from the Italian airline did not provide any reasons for the resignation.

However, Alitalia earlier reported a 2012 net loss of €280 million, compared with a net loss of €69 million in 2011.

The company said its 2012 Ebit loss was €119 million, compared with a loss of €6 million the year before.

Revenues for 2012 stood at €3.6 billion, up 3.3 per cent.

The carrier, which has been struggling in recent years, recently approved a convertible loan of up to €150 million to boost liquidity.