Air Transport World

Continental Airlines: America)(financial results)

Although it came the closest among its five Major peers to shutting down in the immediate aftermath of 9/11, Continental today is one of the industry's strongest players. Since 2002 it claims to have implemented $1.6 billion in annual cost savings, including $500 million from recent labor givebacks. Moreover, it is a beneficiary of strong international demand that--with its hub at Newark just outside New York City--it is well-positioned to fill, offering direct services using 757s and 767s to smaller destinations in Europe. It also benefits from one of the industry's more fuel efficient fleets; fuel consumption per ASM fell 23% between 1998 and 2005 as it retired models such as the MD-80 and DC-10 and retrofitted blended winglets on many of its 737s and most recently 757s. …

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