Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Continental To Grow  
User currently offlineCLE757 From United States of America, joined Apr 2005, 1193 posts, RR: 0
Posted (9 years 8 months 5 days 9 hours ago) and read 2814 times:

Recasts with comments from president)

NEW YORK, Sept 26 (Reuters) - Continental Airlines Inc. (CAL.N: Quote, Profile, Research) said on Tuesday it plans to grow fleet capacity in the coming years by 5 percent to 7 percent a year on average, but is prepared to accelerate the growth to respond to competition.

This year, the company expects capacity to grow by 8.7 percent. The faster-than-expected growth stems from competitors moving into Continental's hubs, especially Newark.

The company responded, and will always respond to incursions at its hubs, with lower prices and more flights, said Continental President Jeff Smisek.

"We will never lose customers at our hubs on price," Smisek said at a company conference for investors that was available by Webcast.

The U.S. airline industry is emerging from a long-term slump brought on by excess capacity when demand collapsed after the Sept. 11, 2001, attacks.

The No. 4 U.S. carrier said its long-term capacity growth plans could also be adjusted lower in the event of an industry downturn.

"We've got that flexibility to maintain a flat fleet," said Continental Chief Executive Larry Kellner

Cleveland the best location in the Nation
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Continental To Post 3rd Qtr Profit posted Wed Oct 11 2006 19:23:35 by CLE757
Continental To Announce CLE-CDG In Oct posted Mon Sep 11 2006 19:19:03 by CLE757
Anyone Fly Continental To Gatwick posted Sat Aug 5 2006 06:02:16 by IN2FLYING
Continental To Cd. Juarez posted Sun Jul 16 2006 20:04:12 by CMB320
Continental To Restore 777-200 From IAH-EWR posted Sun Jul 16 2006 01:57:33 by Raichuzai
Continental To Use 777-200 On EWR-IAH Summer Route posted Thu May 18 2006 22:37:25 by ContinentalGuy
Air Deccan To Grow Fleet To 125 Frames posted Fri May 12 2006 16:06:52 by Flying-Tiger
LAN To Grow In Current Markets, Not Brazil posted Fri Apr 28 2006 21:32:36 by BigGSFO
Continental To Hire 4500 People posted Sat Apr 8 2006 17:52:04 by KarlB737
CAL To Grow/hire In 2006 posted Fri Mar 17 2006 01:20:18 by CLE757