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MILAN, Italy (AP) - The struggling Italian national carrier Alitalia reported narrower first-quarter losses Tuesday as the airline reaches the final stages of a tender bid to go private.
Alitalia reported a net loss of 135 million euros ($180 million), compared with a loss of 159 million euros in the first three months of 2006.
Alitalia, which also reported a first-quarter operating loss of 91 million euros ($121.5 million), compared with a loss of 127 million euros in the same period last year, said it had enough cash to continue running its operations for more than 12 months.
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