Continental Airlines announced that its executive vice president and chief financial officer, Jeff Misner, has informed the company that he has decided to retire effective Aug. 31, 2008, following his 55th birthday. Zane Rowe Continental’s senior vice president for network strategy, will succeed Misner as executive vice president and chief financial officer upon Misner’s retirement.
Continental CFO Jeff Misner to retire Read More »
Continental Airlines released to its more than 45,000 employees that the Board of Directors has unanimously supported management’s recommendation, not to merge with another airline at this time. Larry Kellner, Chairman and Chief Executive Officer, and Jeff Smisek, President said: “Our recommendation, and the Board’s careful and considered decision, followed a comprehensive review of our
Continental decides not to merge Read More »
Continental Airlines will distribute a record $158 million in profit sharing payments to its employees at more than 200 locations worldwide. This is the second consecutive year that the company will be sharing profits with employees. Last year, Continental paid $111 million in profit sharing for 2006.
Continental Airlines to pay $158 million profit sharing to employees Read More »
Continental Airlines reported 2007 pre-tax income (net income before income taxes and cumulative effect of change in accounting principle) of $566 million, up 53 % over 2006 pre-tax income of $369 million. Excluding $24 million of previously announced pre-tax special items, Continental’s pre-tax income for the full year was $542 million, a 78 % improvement
Continental Airlines reports full year 2007 pre-tax income of $566 million Read More »
