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Friday, November 6, 2009
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.
Posted by Tom BELDEN @ 9:13 AM  Permalink | 1 comment
Comments   
Posted 11:40 AM, 11/06/2009
STEVE5444
LET EM GO BANKRUPT...AND STOP ALL THE GUESSING
1 comments
About Tom Belden
Tom Belden has been reporting and writing about Philadelphia International Airport and other air travel subjects for nearly 25 years. He has written business travel columns for The Inquirer's Travel and Business sections. His ground-breaking reporting (with colleague Craig McCoy) on baggage handling problems in Philadelphia have been credited with helping improve the system. His previous blog was called Road Warrior. He can reached at tbelden@phillynews.com.
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