AskBiography Logo   Latest News  Follow Us on Twitter  Follow Us on Google Buzz  Became Fan - Facebook  Subscribe to RSSRSS   Bookmark and Share

Continental Airlines

Continental Airlines
AirlineContinental Airlines
Founded, 1934
Pueblo, Colorado, US
(as Varney Speed Lines)
Commenced operationsJuly 15, 1934
Airline hub
Frequent-flyer programOnePass ending December 31, 2011 and Mileage Plus Begins January 1, 2012
Member loungePresidents Club (to be rebranded United Club from October 1, 2011)
AllianceStar Alliance
SubsidiariesChelsea Food Services
Fleet size346 excl. subsidiaries
  • 140 mainline
  • 262 incl. subsidiaries and code-shares
  • Company sloganWork Hard. Fly Right.
    Parent companyUnited Continental Holdings, Inc.
    HeadquartersHouston, Texas, US
    Key peopleKey People List
  • Walter T. Varney (Founder)
  • Louis Mueller (Founder)
  • Robert F. Six (CEO 1936 1981)
  • Jeffery A. Smisek
    (Chairman and CEO)
  • Zane Rowe (CFO)
  • Revenue(-) US$12,586 million (FY 2009)
    Operating income(+) US$-146 million (FY 2009)
    Net income(+) US$-282 million (FY 2009)
    Total assets(+) US$12,781 million (FY 2009)

         Home | Company | Continental Airlines

    Continental Airlines is a major American airline based in Houston, Texas. On May 3, 2010, Continental Airlines, Inc. and UAL, Inc. (the parent company of United Airlines) announced a merger via a stock swap, and on October 1, 2010, the merger closed and UAL changed its name to United Continental Holdings, Inc. These airlines are in the process of merging their operations under the name United Airlines. During the integration period, both airlines will, for a time, run separate operations under direction of a combined leadership team of the new parent company based in Chicago. The merger transaction is estimated to be worth (USD)$3.2 billion.

    At the time of its acquisition by United Continental Holdings, Inc., Continental was the fourth-largest airline in the US based on passenger-kilometers flown and the fifth largest in total passengers carried. Continental operates flights to destinations throughout the U.S., Canada, Latin America, Europe, and the Asia-Pacific regions. Principal operations are from its four hubs at Newark Liberty International Airport, George Bush Intercontinental Airport (Houston), Cleveland Hopkins International Airport and Antonio B. Won Pat International Airport in Guam.

    The origin of Continental Airlines dates to the 1934 formation of Varney Speed Lines which operated airmail and passenger services in the American Southwest. The carrier was renamed Continental Air Lines in 1937 and expanded its domestic U.S. network in the 1960s with jet aircraft. International flights to Southeast Asia and South Pacific destinations began in 1978 following industry deregulation. Continental was embroiled in ownership struggles in the 1980s and entered bankruptcy in 1983 and 1990. The carrier exhibited a financial and operational turnaround after 1996, and embarked on international route expansion in the 2000s.

    Continental has ownership interests and brand partnerships with several carriers. Continental is a minority owner of ExpressJet Airlines, which operates under the 'Continental Express' trade name but is a separately managed and public company. Chautauqua Airlines also flies under the Continental Express identity, and Cape Air, Colgan Air, CommutAir, and Gulfstream International Airlines feed Continental's flights under the Continental Connection identity. Continental does not have any ownership interests in these companies.

    Continental Airlines left the SkyTeam alliance on October 24, 2009, and joined Star Alliance on October 27, 2009. Together with its subsidiaries, Continental has more than 2,423 daily departures, serving 130 domestic and 132 international destinations and has 42,210 employees as of December 2009. Since 1998, Continental's marketing slogan has been "Work Hard, Fly Right."

    On Sunday, May 2, 2010, the Boards of Directors at Continental and United Airlines approved a stock-swap deal that would combine them into the world's largest airline in revenue passenger miles. The new airline will take on the United Airlines name, Continental's logo and be based in United's hometown of Chicago. The new United will be run by Continental's CEO, Jeffery Smisek, along with United Airline's CEO, Glenn Tilton, serving as non-executive Chairman of the board. The deal received approval from U.S. and European regulators in the summer of 2010. The shareholders of both airlines approved the deal on September 17, 2010.

    Warning: simplexml_load_file( [function.simplexml-load-file]: failed to open stream: HTTP request failed! HTTP/1.0 410 Gone in /home/askbio/public_html/index_bio.php on line 257

    Warning: simplexml_load_file() [function.simplexml-load-file]: I/O warning : failed to load external entity "" in /home/askbio/public_html/index_bio.php on line 257

    Fatal error: Call to a member function children() on a non-object in /home/askbio/public_html/index_bio.php on line 260