LYCOS RETRIEVER 
Continental Airlines: Boeing Company
built 642 days ago
Continental hedged approximately 32 percent of its fuel requirements for the fourth quarter of 2007. As of Dec. 31, 2007, the company had hedged approximately 20 percent of its projected fuel requirements for the first quarter of 2008 and five percent for the second quarter of 2008.
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Continental hedged approximately 35 percent of its fuel requirements for the third quarter of 2007. As of Sept. 30, 2007, the company had hedged approximately 30 percent of its projected fuel requirements for the fourth quarter of 2007, and 10 percent for the first quarter of 2008.
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In 1959, another important player appeared at Continental when Alexander Damm left his job at TWA and was brought aboard by Six. Damm's first contribution was to end Continental's practice of leasing items such as aircraft, trucks, and equipment from other companies. He noted that the country's two most profitable airlines, Delta and Northwest, each used the lowest percentage of leased equipment. He convinced Six to cancel as many leasing arrangements as possible and begin instead to focus the company's resources on purchasing more equipment of its own.
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For the fourth consecutive year, FORTUNE magazine named Continental the No. 1 World's Most Admired Airline on its 2007 list of World's Most Admired Companies. Continental was ... named the No. 1 airline on the publication's 2007 America's Most Admired airline industry list. Additionally, Continental again won major awards at the OAG Airline of the Year Awards including "Best Airline Based in North America" for the fourth year in a row, and "Best Executive/Business Class" for the fifth consecutive year. For more company information, visit continental.com.
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