In what has been a turbulent week for aviation in the United States, US Airways has called off merger talks with United Airlines. American and Continental airlines both reported financial losses, while transportation secretary Ray LaHood also confirmed new limits to tarmac waiting times would come into force.
Continental Airlines and Red Bull New York today announced that Continental Airlines will be an official sponsor of Red Bull New York and Red Bull Arena – the team’s new 25,000-seat stadium in Harrison, N.J. Continental Airlines will also be the team’s exclusive airline sponsor.
Continental Airlines has confirmed it will follow a host of other American carriers, and introduce a paid-for food service on scheduled flights for the first time. All passengers in economy class will now be expected to pay for hot meals, along with those on flights of less than six hours.
Continental Airlines and its wholly owned subsidiary Continental Micronesia today said that their joint application to offer nonstop service from the carriers’ hubs at New York/Newark and Guam to Tokyo’s Haneda Airport should be approved by the U.S. Department of Transportation (DOT) because the airlines have made the best case for the route awards.
Star Alliance Company Plus (SACP) is pleased to welcome Continental Airlines as its 12th member.
Nearly ten years after the Air France Concorde crash that killed 113 people, five men and Continental Airlines are to stand trial in Paris, accused of responsibility for the disaster that spelt the end of the supersonic plane.
Continental Airlines today reported a December consolidated (mainline plus regional) load factor of 83.0 percent, 3.1 points above the December 2008 consolidated load factor, and a mainline load factor of 83.5 percent, 3.1 points above the December 2008 mainline load factor.
United, Continental and All Nippon Airways are seeking a three-way tie-up which will enable them to co-ordinate schedules and fares between the US and Japan in a bid to “compete more effectively” with other global airline alliances. The application comes less than a fortnight after an “open skies” agreement between the US and Japan.
Continental Airlines begins new nonstop service from Honolulu and its Guam hub to Nadi, Fiji on Friday, Dec. 18, 2009.
Continental Airlines (NYSE: CAL) today announced that the underwriters of its previously announced convertible note offering have exercised in full their option to purchase additional notes to cover over-allotments in respect of such offering. Continental will issue a total of $230 million in aggregate principal amount of its 4.5% convertible notes due 2015 (including $30 million in aggregate principal amount of notes issued pursuant to the option exercise). The net proceeds to Continental from this offering, after deducting underwriting discounts and estimated offering expenses, will be approximately $224.0 million. The offering is expected to close Dec. 11, 2009, subject to customary closing conditions.
Continental Airlines (NYSE: CAL) today announced new service between Orange County and Maui to begin March 7, 2010. In addition, the company increased to daily previously announced service between Orange County and Honolulu, also starting March 7, 2010.