Spanair files for voluntary bankruptcy; strands tens of thousands of passengers
Spanish carrier Spanair filed for voluntary bankruptcy Monday, officials said, three days after abruptly stopping all flights and stranding tens of thousands of passengers.
Japan Airlines filed for bankruptcy protection on Tuesday, Japan's state-backed turnaround agency said, a move that will likely see it slash 15,000 jobs and replace aging planes to survive an industry beset by volatile fuel costs and fickle flyers.