But analysts said Sony still had work to do to restore profitability in its core electronics division.
With their industry awash in red ink, most airline executives say that only increased traffic and higher fares can restore profitability.
Under the pact signed with Alitalia, the unions agreed in general terms to cut costs to restore profitability.
"They have spent a lot of time trying to restore profitability," one analyst said.
If elected, the new directors face a tough battle to restore the company's image and profitability.
Such intervention was needed to restore productivity and profitability.
"They have to do something to restore profitability in the box business."
Subaru of America Inc. will trim its work force by as much as 10 percent to cut costs and restore profitability.
While circulation improved, it did not approach the level which had been achieved in 1989 or restore profitability.
He has promised to restore profitability before next year is out, but acknowledges that the path may be bloody.