Friday, April 18, 2014
Inquirer Daily News

Overseas airlines share in financial woes

Two major, prominent international airlines are reporting details of how they are sharing in the worldwide pain caused by the recession. Airlines globally are expected to lose close to $11 billion this year. British Airways today reported a record first-half loss. More detail can be found here. And flag-carrier Japan Airlines is looking at cutting pensions for retirees to stave off bankruptcy, a familiar plight many U.S. airline workers have faced. Read more on that at this link.

Overseas airlines share in financial woes

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Two major, prominent international airlines are reporting details of how they are sharing in the worldwide pain caused by the recession. Airlines globally are expected to lose close to $11 billion this year. British Airways today reported a record first-half loss. More detail can be found here. And flag-carrier Japan Airlines is looking at cutting pensions for retirees to stave off bankruptcy, a familiar plight many U.S. airline workers have faced. Read more on that at this link.

Tom Belden
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About this blog
Tom Belden has been reporting about Philadelphia International Airport and other air travel subjects for more than 20 years, writing columns for The Inquirer's Travel and Business sections. His reporting (with colleague Craig McCoy) on baggage handling problems in Philadelphia have been credited with helping to improve the system. His previous blog was called Road Warrior. He can reached at tbelden@phillynews.com. Reach Tom at tbelden@phillynews.com.

Tom Belden
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