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.
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