Published June 06, 2008, 12:00 AM
Continental Airlines to cut 3,000 jobs, capacity
Continental on Thursday became the latest airline to announce cutbacks, saying it will shed 3,000 jobs — more than 6 percent of its work force — and reduce capacity by 11 percent this fall. The industry is battling record fuel costs that have pushed it into its worst crisis since 2001.
DALLAS (AP) — Continental on Thursday became the latest airline to announce cutbacks, saying it will shed 3,000 jobs — more than 6 percent of its work force — and reduce capacity by 11 percent this fall.
The industry is battling record fuel costs that have pushed it into its worst crisis since 2001.
Amid that, Continental said its two top executives will forgo pay the rest of this year.
Tags: airlines, jobs, cut, backs, layoffs
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