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What if Alitalia goes under?

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First time poster but long-time lurker. I'd appreciate some advice from this impressive group of experts.

I must choose between a Delta/Alitalia nonstop or an American nonstop JFK--> FCO in July. The American nonstop is about $50 more, and I'm buying four tickets. Do you think it's more prudent to spend extra on American in case Alitalia goes under? Will Delta have to honor that flight? Is it best to avoid Alitalia altogether? Thanks!

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