Ryanair says makes 'non-binding' offer for Alitalia

Ryanair has made a "non-binding offer" for its loss-making Italian rival Alitalia, the Irish no-frills carrier said on July 24.

"We have made a non-binding offer for Alitalia. As the largest airline in Italy, it's important we are involved in the process," Ryanair said in a statement after Italian media said Friday that about ten such bids had been made.

The announcement comes as Ryanair on July 24 logged soaring quarterly profits, aided by the timing of Easter, while the company noted that the outlook was clouded by Brexit.

The deadline for Alitalia to receive non-binding offers had been last Friday.

Alitalia, which has struggled to compete with low-cost rivals including Ryanair, went into administration at the start of May, moving the flagship airline a step closer to liquidation as efforts continue to find a buyer.

About 18 companies expressing an interest in a potential purchase had reportedly been given access to the company's figures, including also Delta Airlines, British Airways, Lufthansa and EasyJet.

Italy's government in May said it would provide a bridging loan to keep Alitalia planes flying for around six months.

Those interested in making binding offers have until October.

If no buyer can be found, the administrators will have to organize Alitalia's winding-up, with the potential loss of 20,000 jobs at the company and among suppliers.  
           
Ryanair added July 24 that its net profit rallied 55 percent to 397 million euros ($463 million) in the three months to June 30 from a year earlier.

The performance was boosted by the timing of the Easter holiday.

Easter -- a peak-time for holidaymakers -- fell in April this year, inside Ryanair's reporting...