Continental Airlines has released further details of its cost-cutting measures in response to the fuel crisis.Starting in September 2008, CO will reduce capacity from its hubs, resulting in an 11 percent decline of domestic mainline capacity in the fourth quarter, compared to the same period last year. The changes will result in a 6.4 percent decline in consolidated (mainline plus regional) capacity in the fourth quarter, compared to the same period last year.
As announced earlier, CO will eliminate 3,000 positions across all work groups, including management positions, through voluntary and involuntary separations, with the majority of them expected to be through voluntary programs. The specific number of involuntary furloughs will not be determined until August, after the company knows how many co-workers elect to take advantage of voluntary programmes.
CO customers who are currently booked on flights previously scheduled to operate on or after Sept. 3 that are affected by the capacity reductions, will be contacted by CO to make alternate arrangements.