Northwest (NWAC: news, chart, profile) paced advancers after Merrill Lynch lifted the stock to buy from neutral, due primarily to relative valuation. While analyst Michael Linenberg said he doesn't think bankruptcy is likely, he believes the threat of one may help the company get another $800 million in labor concessions versus its $1.1 billion savings target.
More Concessions Coming!
- Thread starter kiowa
- Start date
North by Northwest
Veteran
You're a little late on that one Kiowa. NWA has been asking for 8 hundred mil for over 2 years now. We all know that we will have to do something to see us through this...it just a matter of how to do it.
North by Northwest said:
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Your correct NxNW.
Big RED will be the last one to traverse the "concession carwash", but what the outcome for the F/A's, ESE's, rez, Agents, Admin, lower/middle management, and the AMT's will be, is so far, unpredictable.
Eagan Mn. has already tipped their hand, as far as the AMT's are concerned.
NH/BB's
North by Northwest
Veteran
"Modification of our Boeing 757-200 fleet is one of the most important steps we can take to offset the incredible expense of fuel in today's record price environment and ensure we are flying the most efficient aircraft in the industry," said Mark Moran, Continental's executive vice president of Operations. "In addition, with the extended range of these aircraft, we are now able to offer service to a number of cities that we couldn't reach with these planes before." Now that's a noval idea...lets save money by hedging and making your aircraft more efficient.
Press Release Source: Continental Airlines
Continental Airlines Is First Carrier to Increase Fuel Efficiency and Range of Boeing 757-200 Aircraft With Blended Winglets(tm)
Thursday June 2, 4:27 pm ET
NEW YORK, June 2 /PRNewswire-FirstCall/ -- Continental Airlines (NYSE: CAL - News) today announced that the first of its Boeing 757-200 aircraft equipped with Aviation Partners Boeing Blended Winglets(tm) has entered revenue service. The addition of the winglets, which replace the standard wingtip, enable increased fuel efficiency and range. Continental is the first carrier to add winglets to Boeing 757-200 aircraft.
ADVERTISEMENT
(Photo: http://www.newscom.com/cgi-bin/prnh/20050602/DATH061 )
Installation of the 8 foot 2 inch tall winglets has been approved by the Federal Aviation Administration after a stringent set of tests and certifications.
The winglets, by reducing the amount of drag on the aircraft, are expected to achieve up to a 5 percent fuel savings, as much as 300,000 gallons per aircraft per year, and give the airplanes approximately 200 nautical miles of additional range. Eleven of Continental's 41 757-200 aircraft are scheduled to be equipped with winglets this year.
"Modification of our Boeing 757-200 fleet is one of the most important steps we can take to offset the incredible expense of fuel in today's record price environment and ensure we are flying the most efficient aircraft in the industry," said Mark Moran, Continental's executive vice president of Operations. "In addition, with the extended range of these aircraft, we are now able to offer service to a number of cities that we couldn't reach with these planes before."
Continental Airlines is the world's sixth-largest airline. Continental, together with Continental Express and Continental Connection, has more than 3,000 daily departures throughout the Americas, Europe and Asia, serving 150 domestic and 130 international destinations, more than any other carrier in the world. Nearly 400 additional points are served via SkyTeam alliance airlines, which include Aeromexico, Air France/KLM, Alitalia, CSA Czech Airlines, Delta Air Lines, Korean Air and Northwest Airlines. With 41,000 employees, Continental has hubs serving New York, Houston, Cleveland and Guam, and together with Continental Express, carries approximately 56 million passengers per year. Continental consistently earns awards and critical acclaim for both its operation and its corporate culture.
For the second consecutive year, FORTUNE magazine named Continental the No. 1 Most Admired Global Airline on its 2005 list of Most Admired Global Companies. Continental was also included in the publication's annual "Top 50" list, which ranks all companies, across a wide variety of industries, that appear in the Global Most Admired Companies issue. Continental again won major awards at the 2005 OAG Airline of the Year Awards including "Airline of the Year" and "Best Airline Based in North America" for the second consecutive year, and "Best Executive/Business Class" for the third consecutive year. For more company information, visit www.continental.com .
Continental Airlines Is First Carrier to Increase Fuel Efficiency and Range of Boeing 757-200 Aircraft With Blended Winglets(tm)
Thursday June 2, 4:27 pm ET
NEW YORK, June 2 /PRNewswire-FirstCall/ -- Continental Airlines (NYSE: CAL - News) today announced that the first of its Boeing 757-200 aircraft equipped with Aviation Partners Boeing Blended Winglets(tm) has entered revenue service. The addition of the winglets, which replace the standard wingtip, enable increased fuel efficiency and range. Continental is the first carrier to add winglets to Boeing 757-200 aircraft.
ADVERTISEMENT
(Photo: http://www.newscom.com/cgi-bin/prnh/20050602/DATH061 )
Installation of the 8 foot 2 inch tall winglets has been approved by the Federal Aviation Administration after a stringent set of tests and certifications.
The winglets, by reducing the amount of drag on the aircraft, are expected to achieve up to a 5 percent fuel savings, as much as 300,000 gallons per aircraft per year, and give the airplanes approximately 200 nautical miles of additional range. Eleven of Continental's 41 757-200 aircraft are scheduled to be equipped with winglets this year.
"Modification of our Boeing 757-200 fleet is one of the most important steps we can take to offset the incredible expense of fuel in today's record price environment and ensure we are flying the most efficient aircraft in the industry," said Mark Moran, Continental's executive vice president of Operations. "In addition, with the extended range of these aircraft, we are now able to offer service to a number of cities that we couldn't reach with these planes before."
Continental Airlines is the world's sixth-largest airline. Continental, together with Continental Express and Continental Connection, has more than 3,000 daily departures throughout the Americas, Europe and Asia, serving 150 domestic and 130 international destinations, more than any other carrier in the world. Nearly 400 additional points are served via SkyTeam alliance airlines, which include Aeromexico, Air France/KLM, Alitalia, CSA Czech Airlines, Delta Air Lines, Korean Air and Northwest Airlines. With 41,000 employees, Continental has hubs serving New York, Houston, Cleveland and Guam, and together with Continental Express, carries approximately 56 million passengers per year. Continental consistently earns awards and critical acclaim for both its operation and its corporate culture.
For the second consecutive year, FORTUNE magazine named Continental the No. 1 Most Admired Global Airline on its 2005 list of Most Admired Global Companies. Continental was also included in the publication's annual "Top 50" list, which ranks all companies, across a wide variety of industries, that appear in the Global Most Admired Companies issue. Continental again won major awards at the 2005 OAG Airline of the Year Awards including "Airline of the Year" and "Best Airline Based in North America" for the second consecutive year, and "Best Executive/Business Class" for the third consecutive year. For more company information, visit www.continental.com .
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