Continental Seeks To Trim Labor Costs
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Continental Airlines Inc.&#39;s planned $500 million in labor cuts announced late Thursday are a necessary step, given the airline industry&#39;s current financial crunch, analysts said.
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Continental Airlines Inc., the fifth-largest US carrier, said it will skip contributions to employee pension plans this year, taking advantage of a law enacted in April to conserve cash.
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NEW YORK - Continental Airlines joined a growing number of airlines that plan to charge service fees when tickets are sold through traditional outlets.
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Continental Airlines and United Airlines yesterday joined a string of major carriers in charging service fees for airline tickets booked at reservations centers or airport ticket counters in the United States.
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Continental Airlines Inc.  CAL.N  said on Thursday it plans to cut about 425 management and  clerical jobs through staff reductions, attrition and the  elimination of unfilled positions to save about $200 million in  pretax costs.
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US airline Continental signs a partnership agreement with its main union as it seeks to keep costs under control.
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Continental Airlines CAL.N on Tuesday  posted a third-quarter loss, reversing a year-earlier profit,  as it was hurt by record-high fuel prices and a one-time charge  for retiring some aircraft.
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SAN FRANCISCO (CBS.MW) -- Delta Air Lines, attempting to avert bankruptcy, said Wednesday it aims to cut $5 billion in annual costs by slashing nearly 12 percent of its work force, dropping Dallas-Fort Worth as a hub, and trimming its fleet of planes.
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Continental Airlines has announced it needs an annual $500 million reduction in payroll and benefits costs. The reduction is necessary because the company has lost hundreds of millions of dollars since 2001
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Continental Airlines Inc. on Thursday said it will seek to cut $500 million in annual wages and benefits on expectations of losing &quot;hundreds of millions of dollars&quot; this year.
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Carrier says cuts in management, support positions are 1% of workforce; trying to avoid wage cuts. NEW YORK  - Continental Airlines Inc.
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Continental Airlines said Tuesday it will cut pay and benefits for managers and clerical workers by $48 million. The announcement marks the first specifics outlined by Houston-based Continental
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US Airways has said that it is cutting 10 percent of its top salaried and management jobs and reducing the pay and benefits of white-collar workers in an effort to save $45 million a year.
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Continental Airlines Inc. said yesterday it would cut about 425 jobs, or 1 percent of its work force, through staff reductions, attrition, and elimination of unfilled vacancies as part of an effort to trim expenses by another $200 million.
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Continental Airlines said Wednesday that it was joining other US carriers in imposing new fees on tickets bought at US airport counters and reservation centers.
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Continental Airlines Inc. reported strong traffic, helping it cope with rising jet fuel prices.
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The company tightens its forecast on cost concerns.