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17-03-2005, 23.00.58
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Alitalia Warns Strike Could Bankrupt Company
Associated Press
Thu Mar 17
ROME - Italian airline Alitalia SpA said Thursday that the latest
strike by flight attendants could plunge the struggling carrier into
bankruptcy.
"Around this time last year, Alitalia was close to bankruptcy," the
state-controlled airline said in a paid statement published in four
newspapers.
Wednesday's strike, which forced the airline to cancel at least 118
flights, "risks plunging the company into crisis once again," it said.
The company is seeking to attract new private investors for a capital
increase of 1.2 billion euros ($1.6 billion) later this year. Before
it does so, the European Union (news - web sites) is making sure its
latest rescue plan doesn't contain state aid.
The flights canceled Wednesday involved travel to and from Rome's
Leonardo da Vinci airport and Milan's Malpensa airport.
The 24-hour strike was called by the flight attendants union SULT to
press for contract renewal. Workers have been worried about the
airline's restructuring plans, which include cutting some 3,700 jobs
and separating its ground-service operations from its flight business.
This week's strike was the third since February by SULT. It angered
many passengers, some of whom arrived at the airports unaware of the
stoppage.
"It would be a paradox if we were to be defeated not because of
external difficulties ... but due to the foolishness of a few,"
Alitalia said in its ads.
Alitalia has estimated its 2004 losses at 850 million euros ($1.14
billion) — nearly as big as its current market capitalization. The
carrier reported a net loss of euro517 million euros ($694 million)
for 2003 and has posted an annual profit only four times in the past
16 years.
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18-03-2005, 22.48.37
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Re: Alitalia Warns Strike Could Bankrupt Company
re: S-T-R-I-K-E
My humble advice
If you are buying tickets, particularly on this airline, it would be
prudent to also buy flight cancellation insurance
I think it is American Express Company that sells it for about ten
U.S.D. per round trip ticket
I suppose cancellation insurance is available through other vendors
too, though that requires inquirying & research, and the google thing
on the internet (wherever that is) isn't a suitable, accessible place
for such casual research
Better to
drive to to nice, real
library in the next county, find a parking place, even if your car gets
towed or some nice person backs into it, and ask the reserach
librarian's help...
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18-03-2005, 22.48.37
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|
Re: Alitalia Warns Strike Could Bankrupt Company
re: S-T-R-I-K-E
My humble advice
If you are buying tickets, particularly on this airline, it would be
prudent to also buy flight cancellation insurance
I think it is American Express Company that sells it for about ten
U.S.D. per round trip ticket
I suppose cancellation insurance is available through other vendors
too, though that requires inquirying & research, and the google thing
on the internet (wherever that is) isn't a suitable, accessible place
for such casual research
Better to
drive to to nice, real
library in the next county, find a parking place, even if your car gets
towed or some nice person backs into it, and ask the reserach
librarian's help...
|
18-03-2005, 22.48.37
|
|
Re: Alitalia Warns Strike Could Bankrupt Company
re: S-T-R-I-K-E
My humble advice
If you are buying tickets, particularly on this airline, it would be
prudent to also buy flight cancellation insurance
I think it is American Express Company that sells it for about ten
U.S.D. per round trip ticket
I suppose cancellation insurance is available through other vendors
too, though that requires inquirying & research, and the google thing
on the internet (wherever that is) isn't a suitable, accessible place
for such casual research
Better to
drive to to nice, real
library in the next county, find a parking place, even if your car gets
towed or some nice person backs into it, and ask the reserach
librarian's help...
|
18-03-2005, 22.48.37
|
|
Re: Alitalia Warns Strike Could Bankrupt Company
re: S-T-R-I-K-E
My humble advice
If you are buying tickets, particularly on this airline, it would be
prudent to also buy flight cancellation insurance
I think it is American Express Company that sells it for about ten
U.S.D. per round trip ticket
I suppose cancellation insurance is available through other vendors
too, though that requires inquirying & research, and the google thing
on the internet (wherever that is) isn't a suitable, accessible place
for such casual research
Better to
drive to to nice, real
library in the next county, find a parking place, even if your car gets
towed or some nice person backs into it, and ask the reserach
librarian's help...
|
18-03-2005, 22.48.37
|
|
Re: Alitalia Warns Strike Could Bankrupt Company
re: S-T-R-I-K-E
My humble advice
If you are buying tickets, particularly on this airline, it would be
prudent to also buy flight cancellation insurance
I think it is American Express Company that sells it for about ten
U.S.D. per round trip ticket
I suppose cancellation insurance is available through other vendors
too, though that requires inquirying & research, and the google thing
on the internet (wherever that is) isn't a suitable, accessible place
for such casual research
Better to
drive to to nice, real
library in the next county, find a parking place, even if your car gets
towed or some nice person backs into it, and ask the reserach
librarian's help...
|
18-03-2005, 22.48.37
|
|
Re: Alitalia Warns Strike Could Bankrupt Company
re: S-T-R-I-K-E
My humble advice
If you are buying tickets, particularly on this airline, it would be
prudent to also buy flight cancellation insurance
I think it is American Express Company that sells it for about ten
U.S.D. per round trip ticket
I suppose cancellation insurance is available through other vendors
too, though that requires inquirying & research, and the google thing
on the internet (wherever that is) isn't a suitable, accessible place
for such casual research
Better to
drive to to nice, real
library in the next county, find a parking place, even if your car gets
towed or some nice person backs into it, and ask the reserach
librarian's help...
|
18-03-2005, 22.48.37
|
|
Re: Alitalia Warns Strike Could Bankrupt Company
re: S-T-R-I-K-E
My humble advice
If you are buying tickets, particularly on this airline, it would be
prudent to also buy flight cancellation insurance
I think it is American Express Company that sells it for about ten
U.S.D. per round trip ticket
I suppose cancellation insurance is available through other vendors
too, though that requires inquirying & research, and the google thing
on the internet (wherever that is) isn't a suitable, accessible place
for such casual research
Better to
drive to to nice, real
library in the next county, find a parking place, even if your car gets
towed or some nice person backs into it, and ask the reserach
librarian's help...
|
18-03-2005, 22.48.37
|
|
Re: Alitalia Warns Strike Could Bankrupt Company
re: S-T-R-I-K-E
My humble advice
If you are buying tickets, particularly on this airline, it would be
prudent to also buy flight cancellation insurance
I think it is American Express Company that sells it for about ten
U.S.D. per round trip ticket
I suppose cancellation insurance is available through other vendors
too, though that requires inquirying & research, and the google thing
on the internet (wherever that is) isn't a suitable, accessible place
for such casual research
Better to
drive to to nice, real
library in the next county, find a parking place, even if your car gets
towed or some nice person backs into it, and ask the reserach
librarian's help...
|
18-03-2005, 22.48.37
|
|
Re: Alitalia Warns Strike Could Bankrupt Company
re: S-T-R-I-K-E
My humble advice
If you are buying tickets, particularly on this airline, it would be
prudent to also buy flight cancellation insurance
I think it is American Express Company that sells it for about ten
U.S.D. per round trip ticket
I suppose cancellation insurance is available through other vendors
too, though that requires inquirying & research, and the google thing
on the internet (wherever that is) isn't a suitable, accessible place
for such casual research
Better to
drive to to nice, real
library in the next county, find a parking place, even if your car gets
towed or some nice person backs into it, and ask the reserach
librarian's help...
|
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