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Continental Airlines

Tags: Continental Airlines

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: Continental Airlines

Tags: Continental Airlines

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Continental Airlines

Tags: Continental Airlines

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Continental Airlines airline codesCOCOACONTINENTAL (nyseCAL) is a Major American (United States) airline based and headquartered in Continental Center I in Downtown (Downtown Houston) Houston, Texas. It is the fourth-largest airline in the US based on revenue passenger miles. Continental operates flights to destinations throughout the U.S., Canada, Latin America, Europe, and the Asia-Pacific regions. Principal operations are from its three hubs at Newark Liberty International Airport, George Bush Intercontinental Airport, and Cleveland Hopkins International Airport.

The origin of Continental Airlines dates to the 1934 formation of Varney Speed Lines, which operated airmail and passenger services in the American Southwest. The carrier was renamed Continental Air Lines in 1937, and expanded its domestic U.S. network in the 1960s with jet aircraft. International flights to Southeast Asia and South Pacific destinations began in 1978 following industry deregulation (Airline Deregulation Act). Continental was embroiled in ownership struggles in the 1980s, and entered bankruptcy in 1983 and 1990. The carrier exhibited a financial and operational turnaround after 1996, and embarked on international route expansion in the 2000s.

Continental has ownership interests and brand partnerships with several carriers. Continental Micronesia, a wholly owned subsidiary, operates routes around Micronesia from its hub at Antonio B. Won Pat International Airport in Guam and connects the Micronesian region with destinations in East Asia, Southeast Asia, Honolulu and Cairns, Australia (Cairns, Queensland). Continental is also a minority owner of ExpressJet Airlines, which operates under the trade name Continental Express but is a separately managed and publicly-traded (public company) company. Chautauqua Airlines also flies under the Continental Express identity, and Cape Air, Colgan Air, CommutAir, and Gulfstream International Airlines feed Continentals flights under the Continental Connection identity (Corporate identity). Continental does not have any ownership interests in these companies.

Continental Airlines left the SkyTeam alliance on October 24, 2009, and joined Star Alliance on October 27, 2009. Together with its subsidiaries, Continental has more than 2,423 daily departures, serving 130 domestic and 132 international destinations and has 42,210 employees as of December 2009. Since 1998, Continentals marketing slogan has been "Work Hard, Fly Right."

On Sunday, May 2, 2010, the Boards of Directors at Continental and United Airlines approved a stock-swap deal that would combine them into the worlds largest airline in revenue passenger miles. The new airline will take on the United Airlines name, Continentals logo and be based out of Uniteds hometown of Chicago. The new United will be run by Continentals CEO, Jeffery Smisek, along with United Airlines CEO, Glenn Tilton, serving as non-executive Chairman of the board. The deal will still need final approval from antitrust regulators and shareholders before being allowed to go forward. The companies expect to complete the transaction, worth (USD)$3.2 billion, in the fourth quarter of 2010.

Airline: Continental Airlines, Inc.

Logo: Continental Airlines Logo.svg

Logo Size: 250

Iata: CO

Icao: COA

Callsign: CONTINENTAL

Founded: 1931, (as Varney Speed Lines)

Commenced: July 15, 1934

Headquarters: Continental Center I,Downtown (Downtown Houston) Houston, Texas, United States

Revenue: profit US$ (United States Dollar)12.5B Billion (''FY 2009'')Factdate=May 2010

Operating Income: loss US$ (United States Dollar)-146 Million (''FY 2009'')Factdate=May 2010

Net Income: loss US$ (United States Dollar)-282 Million (''FY 2009'')Factdate=May 2010

Assets: increase US$ (United States dollar)12.7 Billion (''FY 2009'')Factdate=May 2010

Equity: decrease US$ (United States dollar)105 Million (''FY 2008'')

Key People: Jeffery A. Smisek (Jeff Smisek), (Chairman and CEO),Zane Rowe (CFO)

Hubs: *Antonio B. Won Pat International Airport (Guam) (operated by Continental Micronesia) *Cleveland Hopkins International Airport *George Bush Intercontinental Airport (Houston) *Newark Liberty International Airport

Frequent Flyer: OnePass

Lounge: Presidents Club

Alliance: Star Alliance

Fleet Size: 339 (+ 83 orders) excl.subsidiaries

Parent: Publicly owned (nyseCAL)

Destinations: 262 excl.subsidiaries and code-shares

Company Slogan: Work Hard. Fly Right.

Subsidiaries: Continental Micronesia , Chelsea Food Services

Website: www.continental.com

source: wikipedia.org

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