LYCOS RETRIEVER
Continental
built 220 days ago
Continental's initial purchase of the Boeing 707 jets was for four jets. The airline introduced a program of progressive maintenance in order to obtain the utilization rates for the jets needed to operate its schedule. That program was crucial to successfully operating with only four jets.
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The foundation technology for the Continental demonstration car is Electronic Stability Control (ESC) that helps prevent rollovers and other out- of-control crashes. Both NHTSA and the Insurance Institute for Highway Safety (IIHS) predict remarkable safety benefits as it becomes more widely available, particularly in preventing the 14,000 single-vehicle crashes that occur each year. Preliminary IIHS research found that ESC has the potential of preventing as many as 7,000 fatalities in single vehicle crashes each year.
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Continental has the best profit-sharing plan in the industry. The plan shares 30 percent of the first $250 million of pre-tax income, 25 percent of the next $250 million and 20 percent of amounts over $500 million.
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Continental's regional operations had a record December load factor of 77.3 percent, 0.3 points above the December 2006 load factor. Regional RPMs were 792.5 million and regional ASMs were 1,025.7 million in December 2007, resulting in a traffic decrease of 8.3 percent and a capacity decrease of 8.6 percent versus December 2006.
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Continental was initially a domestic airline. It has served Mexican destinations for many years. During the Vietnam War, it began a presence in the Pacific region that formed the basis of the current Micronesian operation. Service to Japan was initiated in the 1970s from Guam and Saipan, and by the late 1980s, nonstop service between Seattle and Tokyo was briefly offered with 747 equipment, soon to be replaced with a direct Honolulu-Tokyo (Narita) flight. Through the 1990s, Continental maintained a minimal presence in the long-haul transpacific market, until the delivery of 777s in 1998 which saw the addition of nonstop Tokyo service from Houston and Newark. By 2007, Hong Kong and Beijing were added to the network, with Shanghai to follow in 2009, all from its Newark hub.
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Continental has achieved an almost 35 percent reduction in greenhouse gas emissions and fuel consumption per revenue passenger mile flown over the past 10 years. This is due in large part to the efforts of its employees in streamlining operational procedures and to an investment of more than $12 billion to acquire 270 fuel-efficient aircraft and related equipment. Continental ... has reduced by approximately 75 percent nitrogen oxide emissions from ground equipment at the carrier's largest hub, in Houston, through switching to electric ground service equipment and other new technology. This technology is now being tested for use in cold climates.
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