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Continental makes 1,700 job cuts Continental makes 1,700 job cuts
(10 minutes later)
Continental Airlines has said that it is to cut 1,700 jobs amid a slump in revenue and passenger numbers.Continental Airlines has said that it is to cut 1,700 jobs amid a slump in revenue and passenger numbers.
The airline is also increasing its fees for checking in bags and for making reservations by telephone.The airline is also increasing its fees for checking in bags and for making reservations by telephone.
The airline lost $213m (£129.9m) between April and June, after many business passengers put off travel or bought cheaper tickets.The airline lost $213m (£129.9m) between April and June, after many business passengers put off travel or bought cheaper tickets.
The cuts, which will include management and clerical positions, could save the firm $100m by next year, it added.The cuts, which will include management and clerical positions, could save the firm $100m by next year, it added.
The staff cuts were part of "aggressive steps to increase revenue and reduce costs", Continental's chief executive Larry Kellner said.The staff cuts were part of "aggressive steps to increase revenue and reduce costs", Continental's chief executive Larry Kellner said.
The carrier had previously cut 500 jobs for reservation agents and given leave of absence to 700 flight attendants.The carrier had previously cut 500 jobs for reservation agents and given leave of absence to 700 flight attendants.
Many global airlines have been struggling as demand for air travel has fallen during the global economic downturn, with particular decline in business-class and first-class travel.