Can Continental Airlines Continue to Work Hard, Fly Right and Fund the Future

2287 Words Oct 27th, 2007 10 Pages
History of Continental Airlines
Continental Airlines began service in 1934 as Varney Speed Lines, named after one of its initial owners, Walter T. Varney operating out of El Paso, Texas and extending through Las Vegas, Albuquerque and Santa Fe, New Mexico to Pueblo, Colorado. The airline started with Lockheed Vegas, a single engine plane that carried four passengers. The airline later flew other Lockheed planes, including the Lodestar. It was renamed Continental on 1 July 1937 after a new owner Robert Six had taken a forty percent ownership with Varney 's co-founder Louis Mueller. Six relocated the airline 's headquarters to Stapleton Airport in Denver in October, 1937. Robert F. Six was one of the legendary patriarchs of U.S. aviation
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Most agreements permit airlines to fly from their home country to designated airports in the other country: some also extend the freedom to provide continuing service to a third country, or to another destination in the other country while carrying passengers from overseas. In the 1990s, "open skies" agreements became more common. These agreements take many of these regulatory powers from state governments and open up international routes to further competition. Open skies agreements have met some criticism, particularly within the European Union, whose airlines would be at a comparative disadvantage with the United States ' because of cabotage restrictions.
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He challenged all stakeholders in the air transport value chain to keep pace with an aggressive agenda for industry change. After at least two years of lost growth, traffic is back to pre-September levels in most parts of the world. First quarter 2004 passenger traffic was 6.5% above the same period for 2001 while cargo volumes were 15.5% above 2001 levels. Firms in the commercial airline industry were studied to ascertain their use of strategic market planning. The results indicate strategic market planning and related techniques (Experience curve/cost analysis, portfolio analysis, investment opportunity analysis, and PIMS)
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