Continental Airlines announced that it has contributed an additional $84 million cash to its defined benefit pension plans…
Continental Airlines announced that it has contributed an additional $84 million cash to its defined benefit pension plans. These contributions bring Continental`s year-to-date pension contributions to $304 million and meet its minimum required contribution for 2005.
Continental`s recent $84 million pension contribution demonstrates that we are working hard to fulfill our obligations and keep our promises to employees, said Larry Kellner, Continental`s chairman and chief executive officer.
Since 2002, Continental Airlines has contributed $826 million to its pension plans.
Continental Airlines is the world`s sixth-largest airline. Continental, together with Continental Express and Continental Connection, has more than 3,100 daily departures throughout the Americas, Europe and Asia, serving 150 domestic and 131 international destinations, more than any other carrier in the world. Nearly 400 additional points are served via SkyTeam alliance airlines, which include Aeromexico, Air France/KLM, Alitalia, CSA Czech Airlines, Delta Air Lines, Korean Air and Northwest Airlines. With 41,000 employees, Continental has hubs serving New York, Houston, Cleveland and Guam, and together with Continental Express, carries approximately 56 million passengers per year. Continental consistently earns awards and critical acclaim for both its operation and its corporate culture.
For the second consecutive year, FORTUNE magazine named Continental the No. 1 Most Admired Global Airline on its 2005 list of Most Admired Global Companies. Continental was also included in the publication`s annual Top 50 list, which ranks all companies, across a wide variety of industries, that appear in the Global Most Admired Companies issue. Continental again won major awards at the 2005 OAG Airline of the Year Awards including Airline of the Year and Best Airline Based in North America for the second consecutive year, and Best Executive/Business Class for the third consecutive year.
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