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Continental Announce Fleet/job Cuts  
User currently offlinePilot21 From Ireland, joined Oct 1999, 1386 posts, RR: 2
Posted (6 years 6 months 2 weeks 6 days 13 hours ago) and read 26987 times:

Continental has become the latest US airline to announce a series of job and fleet cuts in an attempt to fight the rising cost of fuel. The below is a memo released to all CO employees from Larry Kellner & Jeff Smisek.


Dear Co-worker:

We've always said that you deserve open, honest and direct communication.
This letter and the attached employee bulletin and Q&A are part of that
commitment.

The airline industry is in a crisis. Its business model doesn't work with
the current price of fuel and the existing level of capacity in the
marketplace. We need to make changes in response.

While there have been several successful fare increases, those increases
haven't been sufficient to cover the rising cost of fuel. As fares increase,
fewer customers will fly. As fewer customers fly, we will need to reduce our
capacity to match the reduced demand. As we reduce our capacity, we will need
fewer employees to operate the airline. Although these changes will be
painful, we must adapt to the reality of today's market to successfully
navigate these difficult times.

The attached employee bulletin and Q&A outline some of the steps we are
taking to address this industry crisis. The situation for all airlines is
serious, and the actions we are announcing today are necessary to secure our
future. We regret the loss of jobs caused by this crisis, and we will do our
best to minimize furloughs and involuntary terminations.

These actions will help Continental survive this crisis. You have our
ongoing commitment to keep you informed as the industry evolves and adapts to
these unprecedented challenges. It is important that we all keep our focus on
working together during these difficult times.

Co-worker Impact

As a result of the capacity reductions, Continental will need fewer
co-workers worldwide to support the reduced flight schedule. About 3,000
positions, including management positions, will be eliminated through
voluntary and involuntary separations, with the majority expected to be through voluntary programmes


Network Changes

Starting in September, at the conclusion of the peak summer season,
Continental will reduce its flights, with fourth quarter domestic mainline
departures to be down 16 percent year-over-year. This will result in a
reduction of domestic mainline capacity (available seat miles, or ASMs) by 11
percent in the fourth quarter, compared to the same period last year.

By the end of next week, Continental will provide details on specific
flights and destinations that are subject to reduction or elimination. For
additional information on departures and capacity for 2008 and 2009.


Net Net Total @ Changes Total @ Changes Total @
6/30/08E 2H08E YE 2008E 2009E YE 2009E
Mainline Jets
777-200ER 20 - 20 2 22
767-400ER 16 - 16 - 16
767-200ER 10 - 10 - 10
757-300 17 - 17 - 17
757-200 41 - 41 - 41
737-900ER * 10 10 20 18 38
737-900 12 - 12 - 12
737-800* 111 6 117 - 117
737-700 36 - 36 - 36
737-300** 47 (24) 23 (23) -
737-500** 55 (13) 42 (7) 35
Total Mainline 375 (21) 354 (10) 344

* Final mix of new 737-800/-900ERs are subject to change
** Final mix and quantity of 737-300 / 737-500 exits subject to change

Pilot21

Source: Bloomberg newswires/ employee news letter

[Edited 2008-06-05 04:14:20]


Aircraft I've flown: A300/A310/A320/A321/A330/A340/B727/B732/B733/B734/B735/B738/B741/B742/B744/DC10/MD80/IL62/Bae146/AR
130 replies: All unread, showing first 25:
 
User currently offlineHiflyer From United States of America, joined Nov 2004, 2177 posts, RR: 3
Reply 1, posted (6 years 6 months 2 weeks 6 days 13 hours ago) and read 26905 times:

Similar to UA buhbye to the older 733/735.....

User currently offlineJawake From United States of America, joined Sep 2007, 286 posts, RR: 0
Reply 2, posted (6 years 6 months 2 weeks 6 days 13 hours ago) and read 26895 times:

Not a great time to be a 737 Pilot, first UA, and now CO looks like it will be getting rid of its 737.

Wow


User currently offlineUnitedTristar From , joined Dec 1969, posts, RR:
Reply 3, posted (6 years 6 months 2 weeks 6 days 13 hours ago) and read 26869 times:



Quoting Jawake (Reply 2):
first UA, and now CO looks like it will be getting rid of its 737.

yea not to mention that it will crash the price of them on the open market...good luck getting them all leased again!

-m

 airplane 


User currently offlineUmytbnext From United States of America, joined Apr 2008, 7 posts, RR: 0
Reply 4, posted (6 years 6 months 2 weeks 6 days 13 hours ago) and read 26846 times:

An interesting detail:

"the company's chief executive and president say they will not take a salary for the rest of this year and will decline bonuses."



Please don't ask me to explain my username again . . .
User currently offlineTjwgrr From United States of America, joined Mar 2000, 2505 posts, RR: 2
Reply 5, posted (6 years 6 months 2 weeks 6 days 12 hours ago) and read 26671 times:



Quoting Jawake (Reply 2):
....and now CO looks like it will be getting rid of its 737.

Wow

Huh? CO will still operate 238 73G, 738, 739 by y/e 2009.

Retiring all 47 733, and 20 of 55 735..........



Direct KNOBS, maintain 2700' until established on the localizer, cleared ILS runway 26 left approach.
User currently offlineCuriousFlyer From United States of America, joined Oct 2006, 702 posts, RR: 0
Reply 6, posted (6 years 6 months 2 weeks 6 days 12 hours ago) and read 26589 times:



Quoting Umytbnext (Reply 4):
"the company's chief executive and president say they will not take a salary for the rest of this year and will decline bonuses."

At least CO sets the example somewhere as usual.

I hate to see them cutting down this much, I was thinking that being the best they would simply and naturally see their market share increase.

I wish all these employees the best, I am really sorry for them.


User currently offlineJustapassenger From United States of America, joined Dec 2004, 95 posts, RR: 0
Reply 7, posted (6 years 6 months 2 weeks 6 days 12 hours ago) and read 26377 times:

You have to give CO credit for trying to make the best of a bad situation and reducing or at least spreading the impacts of the cuts by 1) declining pay and bonuses for the chief executive and president for the rest of the year, 2) starting management and clerical reductions before front line reductions and 3) offering voluntary separation programs so that the number of involuntary separations are reduced.

Good for CO. I wish that I had worked for a company that had been so considerate of its employees.


User currently offlineChristao17 From Thailand, joined Apr 2005, 942 posts, RR: 8
Reply 8, posted (6 years 6 months 2 weeks 6 days 12 hours ago) and read 26336 times:

This is interesting, since on the thread about UA's cuts there seem to be plenty of people out there citing their cuts as an example of UA's management's incompetence. Wonder whether anyone will cite that as the reason of CO's cuts?

I would think not, but we'll see how long it takes before the knives are out and the sharks smell blood (to mix metaphors).



Keeping the "civil" in civil aviation...
User currently offlineCOGlobeTrotter From United States of America, joined May 2006, 78 posts, RR: 0
Reply 9, posted (6 years 6 months 2 weeks 6 days 12 hours ago) and read 26248 times:

Some of the 733 & 735's had already been set for retirement this year. CO will still receive new 738 & 739's to fill some of this void.

User currently offlineJawake From United States of America, joined Sep 2007, 286 posts, RR: 0
Reply 10, posted (6 years 6 months 2 weeks 6 days 12 hours ago) and read 26070 times:



Quoting Tjwgrr (Reply 5):
Huh?

I should say the classic 737, not the 737NG

That is what I was referring too.


User currently offlineSxf24 From United States of America, joined Aug 2007, 1262 posts, RR: 0
Reply 11, posted (6 years 6 months 2 weeks 6 days 12 hours ago) and read 25995 times:



Quoting Jawake (Reply 10):
I should say the classic 737, not the 737NG

That is what I was referring too.

Not a good time to be a pilot period.


User currently offlineLGAUAOK From United States of America, joined May 2008, 39 posts, RR: 0
Reply 12, posted (6 years 6 months 2 weeks 6 days 12 hours ago) and read 25957 times:



Quoting Christao17 (Reply 8):
This is interesting, since on the thread about UA's cuts there seem to be plenty of people out there citing their cuts as an example of UA's management's incompetence. Wonder whether anyone will cite that as the reason of CO's cuts?

Great point! First AA, then UA, now CO..... who do you think is next?

Quoting Pilot21 (Thread starter):
By the end of next week, Continental will provide details on specific
flights and destinations that are subject to reduction or elimination.

I think EWR will have few changes because of the EURO feed, but I do wonder how IAH and CLE will be effected.


User currently offlineCALPilot From United States of America, joined Oct 1999, 999 posts, RR: 13
Reply 13, posted (6 years 6 months 2 weeks 6 days 11 hours ago) and read 25797 times:

Rumor "rumor only"

We will have our bid out by next month looking like 250 pilots off the bottom to start. Doubt any of the aprox. 150 over 60 age pilots will take retirement. So good luck to the new airman we have hired over the last year.


User currently offlineLACA773 From United States of America, joined Nov 2004, 4064 posts, RR: 2
Reply 14, posted (6 years 6 months 2 weeks 6 days 11 hours ago) and read 25794 times:
Support Airliners.net - become a First Class Member!

What's everyone's thoughts about a remarkable portion of the flight cutbacks and withdrawls will involve COEX?

Will the cities that currently have 733 & 735 service have the highest risk of seeing reduced service and or pull outs?


User currently offlineTylerDurden From United States of America, joined May 2008, 852 posts, RR: 0
Reply 15, posted (6 years 6 months 2 weeks 6 days 11 hours ago) and read 25795 times:



Quoting Umytbnext (Reply 4):
the company's chief executive and president say they will not take a salary for the rest of this year and will decline bonuses."

But likely very heavy stock options. Making it very clear that their success depends on the success of the carrier. Which is exactly is what us stockholder's want to see. Likely, the employees as well (provided they don't cannabalize assets for the balance sheet).


User currently offlineAAJFKSJUBKLYN From United States of America, joined Jul 2007, 914 posts, RR: 1
Reply 16, posted (6 years 6 months 2 weeks 6 days 11 hours ago) and read 25751 times:

Between AA, UAL and now CO (spirit too), thats a lot of flights not in the air. So now, when will B6 begin cuts that make logical sense? Or will the gazillion seats they offer to Florida and the west coast still be available for sale???????

User currently offlineJetlanta From United States of America, joined Jul 2001, 3365 posts, RR: 35
Reply 17, posted (6 years 6 months 2 weeks 6 days 11 hours ago) and read 25401 times:



Quoting Christao17 (Reply 8):
This is interesting, since on the thread about UA's cuts there seem to be plenty of people out there citing their cuts as an example of UA's management's incompetence. Wonder whether anyone will cite that as the reason of CO's cuts?

I would think not, but we'll see how long it takes before the knives are out and the sharks smell blood (to mix metaphors).

Of course UA has its problems, but I hope that people start to recognize the what is facing the industry today is not the failure of management.

Here is an analogy that might put it in perspective for the average individual...

Imagine that your credit cards are maxed out and you are living on a shoestring budget. Then all the sudden your home mortgage doubles or triples. You own, you don't rent. How are you going to manage?

That is basically the situation airlines are faced with. Their #1 expense has doubled and there is little credit available to borrow from. They forecast that out and see that it lands them in Chapter 7. So they realize that these massive cuts must happen NOW, while they still have a cash cushion. Too many of them went through the same thing just a few years ago. They are going to do everything they can to avoid a repeat, knowing full well that there aren't many lenders that are going to bail them out this time.


User currently offlineNuggetsyl From United States of America, joined May 2006, 213 posts, RR: 0
Reply 18, posted (6 years 6 months 2 weeks 6 days 11 hours ago) and read 25341 times:

I think what cal is doing is different then ual or aa. Cal is still taking new aircraft on and replacing the parked planes over the next 3 years. In the next 3 years we will have replaced almost all the aircraft we parked with bigger planes.

User currently offlineCOflyerBOS From United States of America, joined Jun 2007, 311 posts, RR: 0
Reply 19, posted (6 years 6 months 2 weeks 6 days 11 hours ago) and read 25203 times:

I was hoping CO would be able to avoid this type of announcement but I figured it was coming.

To ALL of the CO employees who have provided me with great service over the last decade, I wish you ALL the best. While we focus on the airline industry here, we must all realize that this is not a great time to be looking for work in any industry (well, maybe outside of the energy biz). I wish nothing but the best for anyone who is directly affected.

That said, I'll see some of you on Sat for my BOS-CLE flight.


User currently offlineFUN2FLY From United States of America, joined Dec 2006, 1091 posts, RR: 1
Reply 20, posted (6 years 6 months 2 weeks 6 days 10 hours ago) and read 25041 times:

It will be interesting to see what CO does on the regional side. They can dump 50 Expressjet RJ's and have 30 Q-400 options.

User currently offlineCAL764 From United States of America, joined May 2008, 377 posts, RR: 0
Reply 21, posted (6 years 6 months 2 weeks 6 days 10 hours ago) and read 24814 times:



Quoting COflyerBOS (Reply 19):
I was hoping CO would be able to avoid this type of announcement but I figured it was coming.

To ALL of the CO employees who have provided me with great service over the last decade, I wish you ALL the best. While we focus on the airline industry here, we must all realize that this is not a great time to be looking for work in any industry (well, maybe outside of the energy biz). I wish nothing but the best for anyone who is directly affected.

I second that...I'd like to see them succeed in the long-haul, and they gotta do what they have to do to maintain.



1. Fly to Win 2. Fund Future 3. Reliability 4. Work Together CO: Work Hard, Fly Right...
User currently offlineSTT757 From United States of America, joined Mar 2000, 16907 posts, RR: 51
Reply 22, posted (6 years 6 months 2 weeks 6 days 10 hours ago) and read 24657 times:



Quoting FUN2FLY (Reply 20):
It will be interesting to see what CO does on the regional side. They can dump 50 Expressjet RJ's and have 30 Q-400 options.

CO needs an additional 15 for EWR, that would cover all Express routes of up to 500 miles from. About 100 daily flights.

IAH could use 30 to cover Expresss routes of up to 500 miles from IAH, CLE could probably make do with 15.

So all together an additional 60 Q-400s would make a huge difference.



Eastern Air lines flt # 701, EWR-MCO Boeing 757
User currently offlineFlyPNS1 From United States of America, joined Nov 1999, 6733 posts, RR: 24
Reply 23, posted (6 years 6 months 2 weeks 6 days 9 hours ago) and read 24440 times:



Quoting Nuggetsyl (Reply 18):
I think what cal is doing is different then ual or aa. Cal is still taking new aircraft on and replacing the parked planes over the next 3 years. In the next 3 years we will have replaced almost all the aircraft we parked with bigger planes

I'm sorry, but that's not what the press release indicates. The press release shows CO shrinking by 31 mainline aircraft by YE2009. The number of retirements will be faster than new aircraft arriving.

On the regional side, it's clear more cuts are coming, the only question is who takes the hit, ExpressJet or Chautauqua? My guess is ExpressJet, b/c I don' t think the terms with CHQ are amendable yet, but I could be wrong.


User currently offlineUAL777UK From United Kingdom, joined Nov 2005, 3356 posts, RR: 1
Reply 24, posted (6 years 6 months 2 weeks 6 days 9 hours ago) and read 24405 times:

The deserts are going to be filling up big time at this rate.
I just wonder who is next with all these cutbacks?
Good luck to all employee's at any airline thats going to be affected by all these cutbacks.


25 Nighthawk : Im not sure I agree with your analogy, the second your cards get maxed out, THATS when you need to start cutting costs, regardless of your mortgage s
26 RayChuang : I can see WN eyeing buying a large number of ex-UA/CO 737-300's, especially for spare parts. The 737-300 in good condition is still a plane that can b
27 Nuggetsyl : 2009 is 2 years in 2010 we have many more planes comming. I am not sure to the exact number but we have about 30 some planes coming in 2010[Edited 20
28 Jfk777 : An airline with only 737NG, 777, new 767-400 and 757 sounds like the best fleet plan I have heard of . Continental is the best managed airline in the
29 UAXDXer : Hopefully this is that case and most of the job cuts are thorough voluntary programs. Hopefully the specifics are announced soon.
30 Post contains links Mayor : Reference this thread..... http://www.airliners.net/aviation-fo...eneral_aviation/read.main/4009794/
31 MCOflyer : EWR and CO f/a's, Are you guys affected in any wayyy? Hunter
32 Ikramerica : these changes were already coming. the 733 is the only aircraft that is being retired faster than first projected, and not by much. the plan was alway
33 MoMan : A wonderful example of top-down leadership. All you CO guys and gals run a first-rate company that should be an inspiration to others.
34 SPREE34 : Not necessarily. What it is, is not a good time to be a junior pilot. The senior guys will just move to other equipment. I can think of several frien
35 Imapilotaz : His analogy works, but he mirked up the water a little bit. Here's a better example: Early 2007 - Your mortgage goes from $1000 per month to $1200 pe
36 StuckInCA : Lets hope that people remember this. I suspect that in a couple of years (assuming things turn around) there will be lots of grousing about how the e
37 DualQual : I don't think either will be suffering from money shortages anytime soon. If they want to display true leadership THEIR jobs will be in just as much
38 Ikramerica : So you plan to eliminate the CEO and president? how does that work. Even if you thought it wasn't necessary for some strange reason, the corporate ar
39 Imapilotaz : You know, its nice that some people on here actually understand the need for upper management. When I started in this industry, I was an entry level
40 DocLightning : This is really heartening. It's good to know that some airline execs do have a sense of humanity, morals, and ethics. Besides, if you got paid tens o
41 Mayor : And THAT, my friend, is why you got the big bucks. It's peculiar why no one blinks when a sports star makes that kind of money, for hitting or throwin
42 Jawake : Yes, the CO pilots still have 737NG coming. But in the bigger picture with UA as well parking 737, if you are a 737 pilot and large qualities are bei
43 EWRCabincrew : From what I understand this is like DLs asking for early retirements (which they got 3,000) and the (already) planned retirement of older 733s and 735
44 Richierich : All but a few of these planes will end up rotting in the desert, probably keeping other classic 737s flying around the world by "donating" their part
45 UnitedSuperDC8 : If they are senior enough, they will just move to other planes at CO & UA (no need for a senior 737 captain to leave North America - just move to the
46 FlyPNS1 : And you've still got 30+ 737-500's needing retirement. This is still largely a failure of management, not circumstances beyond control. The only way
47 Jetlanta : Thanks. You definitely explained better the point I was making.
48 Imapilotaz : Dude, it was an example, as again, your mortgage is about 25% of your income, while fuel is roughly 30% - 35% of expenses for airlines.
49 BNAtraveler : I do not think this is likely for two reasons: (1) there are plenty of spare parts available in the market rather than buying up whole hulls to part
50 XJET : I am very interested in this as well!!! I will say that the regional cuts indicated in the press release are pretty much in line with the reduction o
51 Bmacleod : Hopefully no Canadian cities will be cut. Business through YHZ has been good, albeit on smaller E-145s.
52 Richierich : What is the likelihood that smaller European routes from Newark will be cut? CO was kind of novel for taking the 757s transatlantic, flying routes suc
53 Jetlanta : And buying fuel is a bit different than buying a house beyond your means. You don't get the option of a 30 year fixed fuel price. If we want to say t
54 CALMSP :
55 Ikramerica : Yep. In good years, you should get a bonus. In bad years, you should work for "free." That's pretty good leadership. Low. These current cuts happen i
56 Fetheroleather : Just remind when were the good old days? This industry has 5 bad years for every 1 good year. If its not one thing its another.
57 Richierich : Good points, all of them, but cutting the older 73s and 76s will have an effect on the rest of the fleet up and down the line. There will be redeploy
58 Flighty : Sorry.... are you accusing CO of poor management? I really doubt you mean that, right? Some airlines have kept too much capacity (I would point to FL
59 MaverickM11 : Why is it the legacies, and not the LCCs?
60 Ikramerica : CO would likely cut a route not making money. But AFAIK, the EU routes are making money. The Germany routes have good number of German origin passeng
61 Drerx7 : Remember the 762s are not old. I think Ik was alluding that those 762 routes may be the ones effected. With CO being maxed out on widebodies I think
62 FlyPNS1 : Correct. CO has been one of the better in terms of capacity management, though not perfect. Because generally the LCC's have made money while adding
63 Jacobin777 : The "price" one would have to pay to get a good paying job (or a job, period)..many people and/or families do it.....
64 Continental180 : yeah, it may not be perfect, but is one of the best in the industry.....as they take care of the customer before the staff, which united appearently
65 Richierich : Fair enough - thanks. I'm just trying to get an idea what the heck the USA airlines are going to look like after routes are cut and scaled back. I ag
66 Ikramerica : Well, sort of. I was more thinking that if the EU flying truly was reduced, it would be the less efficient 762 that would be parked temporarily rathe
67 Suisjes : I wondering if any of the mx in Orlando are going to be laid off, they have hired there quite a bit in the last year, prob around 30 to 50 mechs and I
68 MaverickM11 : F9 is on the rocks, FL is on thin ice, and WN hasn't made a profit from their passenger transportation business for quite a while, nevermind VX/SX an
69 Drerx7 : A well thought out analysis, all RJ cities like BNA are good candidates for 735 service, I'd love to see 757s come back on some domestic routes.
70 AznMadSci : Using this scenario, would it then be beneficial to convert those designated 767 with the smaller BF cabin and convert them back to 764 status with t
71 CALMSP : we just reconfigured a 76H back to 764......so I"m not sure what the total breakdown is.
72 EssentialPowr : You blame the government for your plight, and vote for Obama cause he's gonna bail you out. Who cares about debt these days?? It's not YOur fault!! O
73 Alias1024 : But it won't matter what you fly right now at UA or CO. The collective bargaining agreements at those airlines will require furloughs to be in revers
74 TZTriStar500 : Apparently, CO is NOT interested in picking up the 4 remaining now ex-TZ aircraft here.
75 CALMSP : Source??
76 TZTriStar500 : What do you mean source?! I am using the fleet data projections in the original post.
77 WorldTraveler : No one is going to accuse CO mgmt of being incompetent but it is also completely accurate and has to be acknowledged that CO and DL are the only 2 US
78 Jawake : I know this already, but what I am trying to emphasis is where is the cut off. Yes, they can get trained on an airbus or another boeing aircraft, but
79 IAHFLYR : I'll still have the same huh as Tjwgrr had! The CO B73 drivers fly all models, from the 300 right up to the 900ER no different type rating. Best to a
80 FlyPNS1 : DL did not grow domestic capacity in 2007. Capacity shrunk 3.0%. Maybe you don't consider USAirways a network carrier, but they operate EMB190's at m
81 SPREE34 : The fellows I refer to have been at it since the mid 70s. 2 are considering "early out" options in their retirement plans and flying corporate rigs.
82 Alias1024 : WIthout early retirements and offering leaves of absence, I'd expect 200-300 pilot furloughs based on the number of aircraft the fleet will be shrunk
83 Post contains links WorldTraveler : We try to forget US but the circumstances are different between them and other carriers because the E190s were a tradeoff for cutting other flying. C
84 COflyerBOS : Not sure about the details, but I just heard that CO and ExpressJet have just come to a new agreement that starts on July 1st, 2008. Seems as if 50 or
85 CLE757 : I hope so, and CHQ
86 FlyPNS1 : DL signed an agreement with its pilots to fly EMB190's at rates that are close to USAirways. Those numbers are only for the month of December, look f
87 WorldTraveler : but they haven't bought the a/c and they haven't said that those labor rates will work w/ current fuel levels. Just because you think you can make a
88 United1 : CO announced that they were removing more aircraft then they had originally planned on doing back in April with their 1st quarter results, they updat
89 IAHFLYR : If this is correct it would almost have to be the end of branded flying since I thought the branded ops and charter was using around 42 or so aircraf
90 Ikramerica : Yes, that's what I would do. If I ran CO and was privy to more information, I might change my mind. But I'm an outsider. I know that the AirMike is l
91 TZTriStar500 : How do you know this? This is a projected fleet plan list and at the end of 2009, it shows 17 757-300 aircraft which is the same as current with no a
92 Ckfred : Remember that AA is parking 40-45 planes by the end of '08, but will take delivery of 34 737-800s in '09 and 36 in '10. If conditions improve, AA wil
93 Drerx7 : Where are the TZ 753s now?
94 DeltaL1011man : Wow.......they both are good men now if some others would follow them. I have alot of respect for them both now. US 737 groundings. (and you forgot t
95 Worldrider : and isn't it true? banks have lended way tooo much to people that weren't able to pay it back! banks did not care if clients had enough resources or
96 FUN2FLY : CO's settlement/agreement w/XJ says XJ will operate 205 RJ's for the. CO currently has as of April 60 45xr 135 45's 30 35's 24 CRJ's w/plan to have 7
97 Nuggetsyl : Wow i did know they had planes on order.
98 Lexy : One could only hope we see the return of CO mainline in Nashville.
99 TZTriStar500 : VCV
100 CALMSP : i think at this tie, no decision has been made on the TZ 757-300's. If it is cost effective forus to refurbish the a/c to CO standards, then we will d
101 Sxf24 : Since fuel prices aren't going to go down, it would be stupid for AA to not replace every possible MD-80 as quickly as possible.
102 EssentialPowr : So "The System" is responsible for their poor decisions? Only a fool (or someone who has no accountability) believes there is "No Risk!" That is the
103 XJET : Oh if that were only reality!
104 MasseyBrown : I strongly suspect this is one of the chief reasons CO's CFO is "retiring" in August.
105 EL-AL : According to Continental Office in Tel Aviv, the flights to Israel will continue as usually, none of the changes will effect the EWR-TLV route, one of
106 Ikramerica : Because I'm familiar with this particular table and have tracked it over time as it has appeared in their annual reports? Because when they took the
107 FUN2FLY : The CASM on the 753's is fantastic. It would be hard for CO to pass, especially since they have some in the fleet already. No doubt its bad timing w/f
108 Drerx7 : Nope, NW has PW birds, CO and TZ are RRs. So while yea they could - its almost zero possibility they would have a subfleet like that. CO will probabl
109 Ikramerica : I'm sure it's a delaying game, not a "we don't want them." They are looking at how they can hold off as long as possible and still lay claim to them,
110 AF022 : Considering small capacity of 735 I'm surprised they are not getting rid of all of them. But I'm no expert on these aircraft. Are there missions wher
111 TZTriStar500 : A fleet plan listing is not the same as a balance sheet and is always subject to change. While I agree in principle that they may be interested in th
112 XJET : Prior to the change in retirement age it was becoming quite true. Emirates was hiring lots of guys with around 3500 hours and 1000 hours of captain t
113 EssentialPowr : Welcome to the airline industry!
114 WorldTraveler : yeah... all the CO fan boys may be finding it harder and harder to defend CO in the months ahead. Remember that CO's 12% reduction in domestic capaci
115 Ikramerica : This is the same format they always use for their investor reports: two years forward with total at end of that period. It is lifted directly from th
116 WorldTraveler : the increase in the price of fuel in USD has been far greater than currency changes vs. the USD. choosing to currency hedge and not fuel hedge is a s
117 MasseyBrown : Not true. They were 18% hedged for the 2nd quarter and about 10% hedged for the third as of the end of March.
118 CODC10 : Absolutely ludicrous to bring in projections from a year ago, given the tremendous rise in costs over the past 12 months, but then again, I expect no
119 MasseyBrown : AA is hedged at 27% and NW at 30% for the rest of the year; I don't know about the rest. Of course, the hedges are all priced differently, so just sa
120 B6fll : I think Jetblue will let everyone else make the majority of the cuts so yields come up and they wont have to do as much cutting like everyone else. W
121 WorldTraveler : yes... you are right. 18% isn't zero but it's a whole lot closer to 0 than it is to 50%. And as you will know the value of those hedges are important
122 MasseyBrown : I don't think cash was the issue. Last winter there were plenty of predictions that oil would fall as low as $80 a barrel by this summer. I suspect t
123 Bennett123 : According to Airliner World (May 2008), 7 B737-500 are going to UTair in Russia by Summer 2020
124 WorldTraveler : I think you are exactly right but the margin of error in the airline industry is razor thin. That's why fuel hedging has become more an insurance pol
125 MasseyBrown : For companies using the commodity, hedging was always supposed to be an insurance policy (control future costs), not a crap shoot. WN's extraordinary
126 Brilondon : In Europe there is not the competition as in the U.S. The respective governments control a lot portion of the industry. In the U.S. you have 6 or 7 m
127 Mcg : Why did CO retire all 733 and keep some 735's? We always see on this board that the 733 has 20 (or so) extra seats yet has identical operating costs.
128 Viscount724 : What are you referring to? Travel within the 27 member countries of the EU is totally deregulated. Any airline based in the EU can fly any routes the
129 DeltaL1011man : DL has alot of 738 options that start in 2010 i think it is. I would be willing to bet they start ordering those 738s to replace some of the older MD
130 STT757 : CO has firm orders for 78 additional 737s (700s, 800s, 900ERs), 67 737s will be leaving the fleet all older 300 and 500s. That means CO still has 11 m
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