Company Watch - Continental Airlines.
Oct 16, 2006
Continental gives Cold War bunker new use. Continental Airlines has leased space in a massive Cold War-era underground bunker to use as a backup facility if its Houston headquarters is evacuated. Continental executives say they will activate the bunker, in a small town 20 miles from Houston, in a Category 3 hurricane or whenever downtown Houston Downtown Houston is Houston's largest business district. In terms of office square footage, it is the seventh largest in the United States.
Downtown Houston contains the headquarters of many prominent companies. is evacuated. Oct 14, 2006
Continental Ground Workers Reject Union. Continental Airlines on Thursday said its ground workers voted against union representation by the Transport Workers Union of America Transport Workers Union of America (TWU) is a United States labor union that was founded in 1934 by subway workers in New York City, then expanded to represent transit employees in other cities, primarily in the eastern U.S. . Oct 13, 2006
Continental Airlines said in a filing to the US Securities and Exchange Commission that it will report a third-quarter profit and had accrued an employee profit-sharing pool of more than $100 million through Sept. 30. "The actual amount of profit-sharing that the company will be able to distribute to employees on Feb. 14, 2007, depends on the company's full-year financial results," CO said. The third quarter will be its second straight three-month period in the black. Oct 12, 2006
Continental Airlines said it is contributing an additional $70 million to its pension plans, bringing its 2006 contributions to $246 million, a total it said exceeded the minimum funding requirement The Minimum Funding Requirement (MFR) was a part of United Kingdom legislation in the Pensions Act 1995, and was introduced on 6 April 1997. The Pensions Act 2004 abolishes the MFR replaces it with new "scheme funding objective"; this came into force on 30 December, 2005 for all . "I'm pleased that we have achieved a solid record for making our required contributions, plus some," Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Larry Kellner Lawrence W. "Larry" Kellner (born 1959) has been CEO of Continental Airlines since December 2004, when former CEO Gordon Bethune retired. He previously served as a vice president, chief financial officer and chief operations officer for the airline. said. Oct 11, 2006
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Oct 9, 2006