June 11, 2020 / 6:40 PM / a month ago

Italy's Atlantia swings to Q1 net loss amid COVID-19, concession row

MILAN, June 11 (Reuters) - Infrastructure group Atlantia swung to a net loss in the first quarter as the impact of the coronavirus crisis compounded fallout from a prolonged political dispute over its motorway concession.

Between January and March, traffic on Atlantia’s motorway network in Italy fell 20.7% while passengers at its airports in Rome tumbled 33% as the lockdown imposed by the Italian government to contain COVID-19 took its toll.

Atlantia said it was keeping all options open to safeguard its interests in talks with the transport ministry over its motorway concession, adding it hoped for a rapid and positive solution to the row. (Reporting by Francesca Landini, editing by Stephen Jewkes)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below