Trbusiness. The travel retail Trbusiness. The magazine for global retail and duty free professionals.Continental cuts 1,700 jobs
By Administrator |
Continental Airlines has announced a plan to cut 1,700 jobs as a result of a big fall in both revenues and passenger numbers. The airline lost $213m between April and June blaming the losses on
falling numbers of business-class passengers.
Continental said its job cuts – which will include management and clerical positions – are aimed at saving the airline around $100m by next year.
The airline's Ceo Larry Kellner added that the cuts were part of ‘aggressive steps to increase revenue and reduce costs’. The carrier has already cut 500 jobs for reservation agents and given leave of absence to 700 flight attendants.
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