Fasten your seat belts - turbulence ahead. Alitalia is just one of many smaller national carriers struggling against high fuel prices, .. fierce competition from low-cost carriers, .. and European officials increasingly saying NO to state bailouts - as Hungary's Malev found to its cost last year. Hopes were high that Air-France-KLM - already a shareholder - might step in with some cash for Alitalia. But they too have problems: restructuring and debt reduction top of the list.moreless
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