Continental Airlines has suffered along with the rest of the airline industry throughout the economic recession, with soft demand and unpredictable fuel prices severely cutting into airlines’ revenues and forcing them to cut costs. Perhaps the company will fare better when company president Jeff Smisek replaces Larry Kellner as CEO and Chairman.
 
Kellner plans to move onto Emerald Creek Group LLC, a Houston private-investment firm that Kellner will lead. This marks the end of five years as the leader of Continental, the fourth-largest airline in the United States. The transfer of power will take place at the beginning of next year.
 
Smisek …read more

Larry Kellner, the CEO of Continental Airlines, recently said that he thinks the economic woes that have hurt Continental and the rest of the airline industry will continue. In fact, he indicated that an end to the woes isn’t in sight. Not surprisingly, the company based out of Houston, Texas is considering cutting more jobs later in the year.
A total of more than 2,500 jobs have already been cut by Continental. If the number of travelers in the forthcoming months don’t exceed expectations, experts believe virtually every airline will have to conduct layoffs.
With consumers having less money and businesses looking …read more