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Air Nostrum, 600 workers risk lay-off
Madrid, Spain - It to cut 18% of its flights and to ground 10 airplanes
Spain's Air Nostrum, which owns the franchise to fly many of Iberia's domestic routes, will cut 18% of its flights and could lay off almost 600 workers, on 2,250, after a sharp fall in traffic in the first quarter. The airline said first-quarter passenger numbers had fallen 9% year on year and business tickets by 30%, leading to a 16 percent fall in revenues. "Our forecasts for 2009 were outdated,...
AVIONEWS - World Aeronautical Press Agency - 1103486
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency