Demirci, IremPievani, Francesco2024-11-272025-12-172023-12-102021-12-17http://hdl.handle.net/10362/175880When low-cost airlines entered the market in the 90s, Alitalia quickly turned from national pride to economic disaster. Valuation methods are implemented to prove the drastic conditions of the company, among which DCF, Z-Score, and Comparables. While both the European and Italian markets were thriving, the airline continued to lose market share and was unable to regain it. In the following section, a look will be taken at the company's key responsible parties to understand the extent to which the key players collectively roled a substantial influence in the company's insolvency, from the mistaken business model to the government role.engAirline industryFinancial analysisFinancial distressBankruptcyRestructuringFinancial distressIndustry analysisQualitative analysisBankruptcyDcf valuationZ-scoremaster thesis203684630