State of the Airlines

Monday, January 17, 2005

NEWS: Continental Continues Cuts

Continental Airlines announced an agreement with another of its unions today to the tune of $99 million in cuts. The airline continues to search for ways to come up with another $500 million in annual savings by Feb 28. Discussions about failing that objective seem to start all sorts of mumbling about liquidity problems and further cuts. So keep Continental on your February Dates to Remember list right along with US Airways.