Jul 21st, 2009 - Houston Chronicle
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When the summer travel season ends after Labor Day weekend, so will the jobs of nearly 1,700 Continental Airlines employees.
The Houston-based carrier is slashing its payroll to "match the demand environment and to maximize revenue and reduce costs," Chairman and CEO Larry Kellner said in a Tuesday conference call after Continental reported a second-quarter net loss of $213 million.
The airline also announced it is hiking some baggage fees by $5 to boost revenue and is bumping the price of making reservations by phone instead of online.
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Continental Posts Loss, Cuts Jobs
Jul 21st, 2009 - Wall Street Journal
Continental Airlines Inc.'s second-quarter loss widened on charges and a continuing drop-off in business travel/ The airline also said it would cut 1,700 jobs in a move to reduce costs. The job cuts...
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