Continental Airlines will consider strategic alternatives to remain competitive in changing airline industry

By Lisa Kerner

Charlotte, N.C., April 15 - Continental Airlines, Inc. said that while it prefers to stay independent in the rapidly changing airline industry, the company will review its strategic alternatives in order to remain "a strong long-term competitor."

Chairman and chief executive officer Larry Kellner and president Jeff Smisek announced the review of alternatives in a letter to Continental's 45,000 employees, which was included in a company news release.

The letter was in reaction to news that Delta Air Lines, Inc. and Northwest Airlines Corp. agreed to merge.

Kellner and Smisek emphasized Continental's strengths, including "an enviable position in the New York market," established hubs in Houston, Cleveland and Guam, access to London's Heathrow airport, a comprehensive Latin America network and a "growing portfolio" of routes to India and Asia.

Continental is a Houston-based air carrier.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.