flyaow

HOUSTON, September 15, 2001 -- Continental Airlines (NYSE: CAL) announced today that it will immediately reduce its long-term flight schedule by approximately 20 percent on a systemwide available seat mile basis, and will be forced to furlough approximately 12,000 employees in connection with this reduction. These actions are a direct result of the current and anticipated adverse effects on the demand for air travel caused by this week’s terrorist attacks on the United States and the operational and financial costs of dramatically increased security requirements.

Full details at: http://continental.com/dash/build_da..._2001-09-15-01


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Craig6z

I'm not going to deny that this was probably inevitable. However have some compassion for your staff and customers, airline management. Put some time distance between actions such as this and the Attack.

I doubt this airline was going to run out of cash in the next three weeks.

geordie6

Others may have seen other figures, but I heard CO have been losing about $US20 million a DAY this week?