Even considering the long history of European airline crisis management, the week of April 24 will be one to remember: Faced with the option of approving painful cuts or possibly grounding their airline, Alitalia workers rejected a last-minute compromise between the airline and its unions. On Friday, Air Berlin was expected to report its worst loss ever—an example of yet another once major European airline seemingly close to collapse. The two story lines have common themes: a European ...

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