Continenal Airline
Continental Airlines Turnaround
Continental Airlines, Inc. is a United States air carrier engaged in the business of transporting passengers, cargo and mail. Together with ExpressJet Airlines, Inc. (operating as Continental Express), from which the Company purchases seat capacity, and its wholly owned subsidiary, Continental Micronesia, Inc. (CMI), Continental Airlines served 228 airports worldwide as of December 31, 2003. As of year-end 2003, Continental Airlines flew to 127 domestic and 101 international destinations and offered additional connecting service through alliances with domestic and foreign carriers. It directly served 16 European cities, seven South American cities, Tel Aviv, Hong Kong and Tokyo as of December 31, 2003. In addition, the Company provides service to destinations in Mexico and Central America, serving 31 cities. Through its Guam hub, CMI provides service in the western Pacific, including service to many Japanese cities.
The Company operates its domestic route system primarily through its hubs in the New York metropolitan area at Newark Liberty International Airport; in Houston, Texas, at George Bush Intercontinental Airport, and in Cleveland, Ohio, at Hopkins International Airport. The hub system allows the Company to transport passengers between a large number of destinations with substantially more frequent service than if each route were served directly. The hub system also allows Continental Airlines to add service to a new destination from a large number of cities using only one or a limited number of aircraft. As of December 31, 2003, the Company operated 67% of the average daily jet departures from Liberty International, 85% of the average daily jet departures from Bush Intercontinental and 66% of the average daily jet departures from Hopkins International.
Continental Airlines directly serves destinations throughout Europe, Canada, Mexico, Central and South America and the...
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