Continental Increases Fares to Help Cover High Fuel Costs

27th Feb 2004

Due to persistently high fuel costs, Continental Airlines today
implemented a fare increase of $5 on one-way tickets and $10 on round-trip
The fare increase applies to tickets for travel in the 48 contiguous U.S.
states, and both restricted and unrestricted fares are affected.

“Fuel prices—which we can’t control—are the highest we have ever
seen,” said Jeff Misner, senior vice president and chief financial
officer. “Meanwhile, Continental travelers in 2003 paid the lowest fares
since 1994. This fare increase is a step toward matching fares with the
cost of providing air travel in this environment.”


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