Word: carriere
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...fire sale that some doomsayers had predicted. But Alitalia's announcement last week that it would auction off the company's collection of 163 modern-art paintings was another reminder, as if one were needed, of how far Italy's national carrier has fallen. On flights during the 1960s, stewards used to display the prized (though necessarily small) works by such painters as Futurist avatars Giacomo Balla and Gino Severini for the pure aesthetic pleasure of its passengers; these days, a reputation for poor service is part of what has driven the company to the brink of collapse...
...Alitalia is losing much more than its artwork. On Monday afternoon, the board of Air France-KLM approved a deal to acquire a 25% stake in the Italian carrier for $414 million. Linking up with another major foreign airline was widely considered the only way that Alitalia could survive following years of cost overruns, labor unrest and political meddling that has led to more than $3 billion in state aid since 1998. (See pictures from Italy...
Neither snow nor rain nor heat nor gloom of night will keep your mail carrier from making the daily rounds, promises the U.S. Postal Service's unofficial motto - but the economy might. With 9.5 billion fewer letters and packages delivered in the 2008 fiscal year compared with 2007, the biggest mail volume decline in history has contributed to the agency's $2.8 billion loss for the year. That partly explains why shipping prices will rise 5% this month (a bigger hike than all shipping increases in 2008), with a stamp price jump to follow in May. The decline could also...
...careful planning of the Israeli operation, its commanders do not expect their forces to return unscathed. They're particularly concerned to avoid scenarios that can yield important propaganda victories to Hamas, like the capture of any Israeli soldiers or recorded images of a burning Israeli tank or armored personnel carrier...
Those airlines lacking resources and scale may have little choice but to yield to larger ones, analysts say. Alongside Air France-KLM - Europe's biggest airline and still a favorite to grab a minority stake in beleaguered Italian flag carrier Alitalia - and the ever growing Lufthansa, an enlarged BA and Ryanair would mean "for most of the smaller network airlines who have a very weak balance sheet, they're going to have to fold into one of those four groups," says Exane BNP Paribas' Van Klaveren. Scandinavian Airlines (SAS), for one, "will survive 2009, but I doubt it can survive...