For the quarter ended Dec. 29, the Walt Disney Co. reported a 25 percent drop in earnings, to $1.25 billion, compared with $1.68 billion the year prior.

Air One said its renewed bid for Alitalia was open to domestic and foreign investors, as the small Italian airline continued efforts to drum up support for its plans to buy the country’s flagship airline.

Amadeus has agreed to sell its 50 percent stake in Rumbo to Orizonia Corporación, a leading company in the Spanish tourism sector. The other 50 percent of Rumbo will continue to be owned by Telefónica, the Spanish telecommunications company. Amadeus has agreed to sell its 50 percent stake in Rumbo to Orizonia Corporación, a leading company in the Spanish tourism sector.

Travelzoo, an Internet publisher of travel deals, recorded a net income of $9.1 million in 2007, a 45 percent drop from the year prior, when it earned $16.8 million. The company’s fourth-quarter net income fell 89 percent, as Travelzoo earned just $46,000 in that quarter.

Kuoni Travel Holding and Swiss International Air Lines are to embark on a comprehensive strategic partnership. The customers of both companies will benefit from the wider range of products and services that the collaboration should provide as the two companies stated. The partnership will also enable Kuoni and SWISS to focus on their respective core competencies.

According to a report in the Detroit Free Press, a merger between Delta Air Lines and Northwest Airlines appears imminent. Ray Neidl of Calyon Securities said Delta was pressing hard to begin the merger process, according to the Free Press story.