Continental Airlines Turnaround
Continental Airlines, Inc. ... Together with ExpressJet Airlines, Inc. (operating as Continental Express), from which the Company purchases seat capacity, and its wholly owned subsidiary, Continental Micronesia, Inc. (CMI), Continental Airlines served 228 airports worldwide as of December 31, 2003. As of year-end 2003, Continental Airlines flew to 127 domestic and 101 international destinations and offered additional connecting service through alliances with domestic and foreign carriers. ... The hub system also allows Continental Airlines to add service to a new destination from a large number of cities using only one or a limited number of aircraft. ... Continental Airlines directly serves destinations throughout Europe, Canada, Mexico, Central and South America and the Caribbean, as well as Tel Aviv, Hong Kong and Tokyo. ... CMI and Continental also maintain a codesharing agreement and coordinate schedules on certain flights from the United States to Honolulu, and from Honolulu to Guam, to facilitate travel from the United States into CMIs route system. ... It has a long-term global alliance with Northwest Airlines through 2025, subject to earlier termination by either party in the event of certain changes in control of either Northwest or Continental. ... As of December 31, 2003, Continental Airlines had placed its code on 205 destinations served by Northwest and Northwest placed its code on 176 destinations served by the Company. ... As of December 31, 2003, Continental Airlines placed its code on 47 destinations served by Delta, and Delta placed its code on 56 destinations served by the Company. ... Continental Airlines also has domestic codesharing agreements with Gulfstream International Airlines, SkyWest Airlines, Hawaiian Airlines, Alaska Airlines, Horizon Airlines, Champlain Enterprises, Inc. ... (Cape Air) and American Eagle Airlines. ... In addition to its domestic alliances, Continental Airlines seeks to develop international alliance relationships that complement its own route system and permit expanded service through its hubs to major international destinations. ... As of December 31, 2003, the Company placed its code on selected flights to more than 68 European, Middle Eastern and African destinations operated by KLM and KLM Cityhopper beyond its Amsterdam hub, and KLM placed its code on more than 70 United States and Mexican destinations operated by Continental Airlines beyond the Companys hubs at Liberty International and Bush Intercontinental. The Company also has international codesharing agreements with Air Europa, Emirates (the flag carrier of the United Arab Emirates), TAP Air Portugal, EVA Airways Corporation (an airline based in Taiwan), British European (Flybe), Virgin Atlantic Airways and Copa Airlines of Panama. ... Continental Airlines will implement codesharing arrangements with AeroMexico and Maersk Air of Denmark in the first quarter of 2004. ... Effective April 1, 2003, Continental Airlines made adjustments to its codeshare agreement with Virgin Atlantic Airways eliminating its commitment to purchase block space. Continental Airlines, United, American, Delta and Northwest are investors in a travel Website, Orbitz, which offers customers access to a variety of travel options. ... Following the offering, Continental Airlines owns approximately 9% of Orbitz. ... In addition, Continental Airlines has marketing agreements with other Internet travel service companies such as Hotwire, Travelocity and Expedia. ... Regulatory authorities, concern over the management of external suppliers by airlines that outsource their aircraft maintenance; and f.