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With this tool, airline managers reduce costs. Terms of an employee contract negotiated over years can be eliminated in months through Chapter 11. Terms of the Railway Labor Act, amended in 1936 to cover airlines, prevent most labor union work actions before, during and after an airline bankruptcy. Continental Airlines declared bankruptcy ...
A subsidiary of Continental Airlines: Continental Airlines: Texas: CO: COA: CONTINENTAL: Houston Bush: 1937: 2012: Merged into United Airlines: Continental Charters: Florida: Miami: 1945: 1954: Irregular air carrier bankrupt 1954, then bought for $20 after which CAB refused to allow it to operate Continental Connection: Cleveland Hopkins: 2012
Continental Airlines became the first airline to launch a mobile boarding pass service to London's Heathrow. The service allowed customers to receive boarding passes electronically on their mobile phones or PDAs. [76] Continental Airlines left the SkyTeam alliance on October 24, 2009, and joined Star Alliance on October 27, 2009. [77]
I know what you're thinking: "Bankrupt" and "airlines" are synonymous, and to some extent you're correct. We've witnessed more than 100 bankruptcies in the airline sector since 1990 and all ...
The average salary of Continental's pilots after the bankruptcy filing was 30% to 50% lower than before the filing. [72] Senior Management also reduced their salaries to those of the pilots. [73] Continental was the first airline to largely gradually replace a pilot workforce. The pilots eventually voted their union out.
Related: Investor calls out Spirit Airlines CEO's pre-bankruptcy bonus Spirit confirmed that the offer included $400 million in take-back debt and approximately 19% of Frontier shares to pay back ...
The filing followed years of struggles for the Florida-based airline, which is known for its no-frills, low-cost flights. The airline has lost more than $2.5 billion since the beginning of 2020 ...
The following is a list of defunct airlines of the United States.However, some of these airlines have ceased operations completely, changed identities and/or FAA certificates and are still operating under a different name (e.g. America West Airlines changed to use the identity of US Airways in 2005 – which itself also changed identity to American Airlines in 2015).