Randy4920
Topic Author
Posts: 117
Joined: Mon Oct 09, 2000 12:10 pm

Continental Airlines Relocates Senior Executive To

Tue Apr 27, 2004 1:06 am

HOUSTON, April 26 /PRNewswire-FirstCall/ -- Continental Airlines (NYSE: CAL) today announced that Jim Summerford, Vice President International, will relocate from the airline's Houston headquarters to the United Kingdom to oversee the airline's continuing expansion of transatlantic service.

Summerford, 44, will be based at the airline's U.K. head office in Horley, Surrey from June 1 this year. He will assume the title of Vice President Europe & Middle East and have overall management responsibility for the airline's sales and marketing in 12 countries.

Continental, which currently serves 17 cities in Europe and the Middle East from its New York, Houston and Cleveland hubs, will launch services from New York to both Edinburgh, Scotland and Oslo, Norway in June and is increasing capacity and frequency on several other transatlantic routes.

"This move is a reflection of the growing scope and success of Continental's transatlantic operations," said Jim Compton, Senior Vice President Marketing. "We're now the second biggest U.S. carrier in Europe and the Middle East in terms of the number of destinations served. With our current and planned expansion in the region and the plans for Continental to join the SkyTeam alliance later this year, it's important that we have senior management representation in Europe."

"This is an exciting move, both for me professionally and for my family," said Summerford. "Continental's European and Middle East routes are among its most profitable and there is tremendous potential for future growth. I'm looking forward to leading the next phase of our expansion in the region."

Summerford has held the position of Vice President International for Continental since March 2003. Prior to that, he held various positions of increasing responsibility within Continental's finance organisation including Vice President of Financial Planning and Analysis. Before joining Continental in 1995, Summerford was Vice President and Chief Financial Officer for Koll Construction, a $500 million general contractor with offices in the western United States specialising in commercial construction. Summerford received his Bachelor of Arts in Business Economics from the University of California at Santa Barbara. He is married with two children.

As of July 2004, Continental will serve 19 cities in 12 countries in Europe and the Middle East, operating a total of 43,923 seats on 196 flights weekly in each direction to and from its U.S. gateway hubs at New York/Newark, Houston and Cleveland, with onward connections to cities throughout the U.S., Canada, Mexico, Central and South America, the Caribbean and Asia-Pacific. This represents a capacity increase of 18 percent and a frequency increase of 22 percent over July 2003.

SOURCE Continental Airlines
 
hz747300
Posts: 1911
Joined: Thu Mar 11, 2004 11:38 pm

RE: Continental Airlines Relocates Senior Executive To

Tue Apr 27, 2004 1:14 am

Beat me to it. I have an airline screen for news in my Bridgestation. I wonder if CO would ever consider a service to Africa, like Cairo or Casablanca--even if just a gesture of good will.
Keep on truckin'...
 
Randy4920
Topic Author
Posts: 117
Joined: Mon Oct 09, 2000 12:10 pm

RE: Continental Airlines Relocates Senior Executive To

Tue Apr 27, 2004 1:16 am

you never know, its always a possiblilty...
 
toltommy
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Joined: Tue Dec 09, 2003 9:04 am

RE: Continental Airlines Relocates Senior Executive To

Tue Apr 27, 2004 1:16 am

A gesture of good will? This might sound harsh, but airlines are in business to make money. If I were a shareholder, and heard Gordo say "we're opening this route as a gesture of good will", I'd call for his head!

 
GSPSPOT
Posts: 2246
Joined: Thu Sep 11, 2003 1:44 am

RE: Continental Airlines Relocates Senior Executive To

Tue Apr 27, 2004 1:57 am

I wonder how the fact that this guy who is from Finance will now be running Marketing in Europe bodes for passengers? I wince when Financial types are brought into non-financial positions...
Finally made it to an airline mecca!
 
747firstclass
Posts: 821
Joined: Tue Mar 28, 2000 2:45 pm

RE: Continental Airlines Relocates Senior Executiv

Tue Apr 27, 2004 3:08 am

i just wonder if, by chance, there is something going on behind the scenes with Bermuda II and Co will fairly soon be flying theirt own planes from LHR-USA.
 
hz747300
Posts: 1911
Joined: Thu Mar 11, 2004 11:38 pm

RE: Continental Airlines Relocates Senior Executive To

Tue Apr 27, 2004 3:21 am

TOLtommy, I used to believe that too. But then when I was sitting in the departure lounge at the international terminal at the Jeddah airport, I watched flight after flight depart for Europe which had to be nearly empty. I was on a British Airways flight, and there could not have been more than 50 passengers for a 777. Swiss probably had 30 passengers on A330, and Olympic had maybe 30 passengers on a 734. The only exception was Air France, which had about 100 passengers for their A310. When you figure in that there may be two months a year when those flights are full--the summer when expats are darting in and out of the Kingdom--I was only left believing that these flights are more for good will than any fiscal responsibility.

Granted at that time, most were state owned airlines (May 2001), and did not have to answer for any real accountability. What I don't get is that Swiss still flies there, doing the "Saudi-loop" ZRH-JED-Riyadh-ZRH.
Keep on truckin'...
 
toltommy
Posts: 2497
Joined: Tue Dec 09, 2003 9:04 am

RE: Continental Airlines Relocates Senior Executive To

Tue Apr 27, 2004 4:43 am

HZ747300, I see your point, but those airlines aren't in the market for good will, they're in it trying to win market share beyond their hubs. They might not make money year round, but they are each trying to out last the others. It's business strategy. To me, good will would be saying, "we don't care if we ever make money, we just want the people to be able to fly".
 
nycfuturepilot
Posts: 773
Joined: Sun Dec 21, 2003 2:50 am

RE: Continental Airlines Relocates Senior Executive To

Tue Apr 27, 2004 5:46 am

You think he'll trade jobs with me?
Father, Son, HOYA spirit