Alitalia Collapse - Implications?
May 9, 2017, 8:05 am
#91
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Yeah just because it is 'high' season doesn't mean they are making a profit... its more likely they are just losing money at a slower rate in the peak summer months.
May 9, 2017, 8:09 am
#92
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IMO the bigger high season argument is that Italy doesn't want to risk losing some tourism business which is important to the country's economy.
Jun 12, 2017, 4:18 pm
#93
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Essentially the same here. Bought two J tickets from DL for July travel on AZ, JFK-FCO-PMO. My concern, if AZ goes belly up by then, is not so much with the TATL segment, but rather with FCO-PMO. Any ideas what DL might do to get us to PMO, since AZ is the only ST member that flies there?
Jun 12, 2017, 4:55 pm
#94
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Yes, ticketing carrier is responsible for getting you rebooked. I think its a pretty safe bet that if you booked through DL they will be more than accommodating when AZ starts canceling routes or closes up shop.
Jun 12, 2017, 8:25 pm
#95
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Now if you book the AZ flight as a DL codeshare then DL will be able to assist in rebooking onto another flight as DL policies would apply and your contract would be with DL, not AZ.
Jun 13, 2017, 11:16 am
#98
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The operator of New York JFK airport's Terminal 1 had notified Alitalia that its lease and contract would be ended on 13 June if it did not pay its bills, says the airline. Its US telecommunications provider meanwhile gave notice that its telephone and internet services would be terminated on 20 June.
Jun 13, 2017, 11:40 am
#99
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You've got this exactly backwards. Filing for bankruptcy triggers an "automatic stay" of other actions, lawsuits, etc. So it stops JFK from pulling the gates or the internet providers from cancelling contracts, etc.
Jun 13, 2017, 12:13 pm
#100
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But wouldn't that mean that in effect, Alitalia gets "free lunches" from JFK? Meaning, JFK must provide gates and catering but does not get paid.
Jun 13, 2017, 1:43 pm
#101
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https://www.wsj.com/articles/italys-...u-s-1497365702
Jun 13, 2017, 7:00 pm
#102
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The bills still continue to ring up. If AZ survive through bankruptcy, then the courts decide what/how much gets paid. Its designed to stop the company from going put of business and then no one gets paid anything.
Jun 13, 2017, 7:19 pm
#103
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I have a codeshare out of FCO in september, so I'm not too worried. I trust DL will bring me back to the US anyway, even at the cost of having to spend a night in Paris.
Instead, I spun the wheel and got a intra-european r/t directly from AZ in november. It is less than $100, so I figured another couple of thousand MQM and best route/time was worth the risk.
Jun 13, 2017, 9:55 pm
#105
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The law requires it. The point being that the business being able to survive is dependent on still getting what it needs to operate. Thus for everyones sake, its better to force the reluctant merchants, then to allow thrm to stop. Which would ensure company doesnt make it out of bankruptcy and causing everyone to lose money.