Italian flag carrier Alitalia management presented a radical new business plan to the Italian government March 16 as it seeks to turn around the loss-making airline. The plan seeks to cut €1 billion ($1.1 billion) in costs by 2019 and increase revenue 30% at the same time. It calls for reductions in staff numbers and the narrowbody fleet, as well as the adoption of a short-haul business model akin to that of the low-cost carriers (LCCs) that have siphoned off much of the ...

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