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)
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.
British Airways Plc said passenger traffic fell 2.6 percent last month as it raised ticket prices at the expense of volumes. Analysts said demand was probably also hurt by concern about disruption from cabin-crew strikes.
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.