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

Published 11/06/2020, 19:42
Updated 11/06/2020, 19:45
© Reuters. FILE PHOTO: An Atlantia Group sign outside its headquarters in Rome
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MILAN (Reuters) - Infrastructure group Atlantia (MI:ATL) 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.

© Reuters. FILE PHOTO: An Atlantia Group sign outside its headquarters in Rome

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.

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