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Continental Airlines to cut 3,000 jobs, capacity
Airline says record fuel costs leading to worst industry crisis since 9/11
Video
Continental cuts jobs, flights
June 5: Continental Airlines plans to cut 3,000 jobs and retire many of it's older planes, cutting flight capacity by 11 percent. NBC's Tom Costello and MSNBC's Tamron Hall report.
MSNBC
DALLAS - Business travelers are likely to lose out when the fall off-peak season arrives and airlines that have cut flights slap more restrictions on the cheap fares that usually come that time of year.
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.
Continental Airlines to cut 3,000 jobs, capacity
Airline says record fuel costs leading to worst industry crisis since 9/11
Video
Continental cuts jobs, flights
June 5: Continental Airlines plans to cut 3,000 jobs and retire many of it's older planes, cutting flight capacity by 11 percent. NBC's Tom Costello and MSNBC's Tamron Hall report.
MSNBC
DALLAS - Business travelers are likely to lose out when the fall off-peak season arrives and airlines that have cut flights slap more restrictions on the cheap fares that usually come that time of year.
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.
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