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LONDON: After its second bankruptcy filing in a decade, Alitalia SpA’s survival hinges once again on attracting a buyer prepared to put the attractions of the Italian travel market ahead of the risk of pouring money into one of Europe’s most notoriously unprofitable businesses.
ROME: Alitalia SpA workers voted against job reductions and pay cuts touted as the last chance for the cash-strapped Italian flag-carrier to avoid being placed under administration.
Middle Eastern airlines faced new travel curbs after the US announced a bar on people carrying large electronic devices onto flights bound for the country, citing security concerns. Britain followed suit hours later.
FRANKFURT: Deutsche Lufthansa AG predicted that earnings will fall for a second consecutive year as a capacity glut weighs on ticket prices while fuel costs rise.
FRANKFURT: Major airlines including Deutsche Lufthansa AG and Emirates are modifying staff rosters to keep crew members from getting caught up in President Donald Trump’s executive order barring people from seven predominantly Muslim states from entering the US.
LONDON: Deutsche Lufthansa AG raised its 2016 profit forecast after premium class bookings beat the airline’s expectations and as fuel costs decline. The stock rose the most in eight years.