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.

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