Search results
Results from the WOW.Com Content Network
Airlines, like any business, are susceptible to market fluctuations and economic difficulties. The economic structure of the airline industry may contribute to airline bankruptcies as well. One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees.
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]
The firm secured settlements for families of victims in the nation's last major air disaster, the 2009 crash of a Continental Airlines flight in Buffalo that killed 50 people.
Spirit Airlines filed for bankruptcy protection Monday morning as holiday travel season approaches. Thanksgiving weekend is expected to see nearly 80 million travelers , with almost 6 million ...
Why Spirit rejected Frontier's offer, twice. The competing Denver-based low-cost airline first offered to buy Spirit Airlines in 2022 but was outbid by a $3.8 billion JetBlue () deal.A federal ...
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.
A U.S. bankruptcy judge on Thursday approved Spirit Airlines' debt restructuring, clearing the budget airline to convert $795 million in debt to equity and emerge from bankruptcy as a private company.