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.
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.”
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)
British Airways parent International Consolidated Airlines Group SA plans to cut jobs at Spanish arm Iberia as part of a revamp to be unveiled next month after the Madrid-based unit pushed the company to a second-quarter loss.