Italian flag carrier Alitalia is to axe 1,500 staff as part of its restructuring plan. The board forecasts an operating loss of around €410 million ($480 million) this year, almost four times last year's figure of €118 million. The airline says it needs to spend €1.2 billion in modernising its fleet, a sum that will be met through the job losses, outsourcing and fresh investment.

Source: Flight International