Continental Airlines Announces That No Flight Attendant Agreement Reached
HOUSTON, Nov 18, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Continental Airlines (NYSE: CAL) today issued the following bulletin to update employees on the status of negotiations with its flight attendants' union, the International Association of Machinists (IAM):

Talks between Continental Airlines and the IAM adjourned yesterday in Washington, D.C., with no flight attendant agreement being reached. The chairman of the National Mediation Board (NMB) joined the talks on Tuesday, Nov. 15. The issues have been narrowed to a few remaining items.

A final bargaining session has been scheduled for Dec. 7 and 8 in the offices of the NMB in Washington, D.C. If no agreement is reached on those dates, the NMB has stated that it will consider releasing the parties from mediation into a 30-day cooling off period. At the end of that period, the company would be able to implement needed wage and benefit reductions, and the flight attendants would be able to strike.

SOURCE Continental Airlines

Corporate Communications of Continental Airlines, 1-713-324-5080, or [email protected]

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