Deutsche Lufthansa AG fell the most since the 9/11 terror attacks after cutting earnings forecasts for this year and next as a capacity splurge at Gulf competitors hurts prices and its own pilots protest against cost cuts.
Airbus Group NV suffered its biggest-ever order cancellation as Gulf airline Emirates scrapped a deal for A350 planes valued at $16 billion, hurting efforts to break Boeing Co.’s dominance in wide-body aircraft.
Deutsche Lufthansa AG canceled thousands of flights at the start of a three-day strike by pilots that’s set to cause the worst disruption in its history amid a campaign to slash costs and stay competitive.
At a Rome campaign rally before Italy’s national elections in 2008, Silvio Berlusconi told cheering supporters that a group of national entrepreneurs was willing to save Alitalia SpA “for the love of their country.”
American Airlines parent AMR Corp. filed for bankruptcy after failing to secure cost-cutting labor agreements and sitting out a round of mergers that dropped it from the world’s largest airline to No. 3 in the U.S.
July 5 (Bloomberg) -- John Strickland, director of JLS Consulting, talks about the outlook for the airline industry. He speaks with Manus Cranny on Bloomberg Television's "Last Word." (Source: Bloomberg)