Ex737Driver
Contract 2020????
- Joined
- Aug 14, 2004
- Posts
- 1,240
Continental Seeks OK For Nonstop NYC-Shanghai Flights
HOUSTON (Dow Jones)--Continental Airlines Inc. (CAL) submitted an application to operate nonstop flights from New York to Shanghai, in an effort to further fill a service gap created by the lack of U.S. carrier nonstop service in the U.S.-China market.
In a press release Thursday, the air carrier said it will offer service in the largest U.S.-China market, which lacks critical U.S. carrier nonstop service, and will provide a "competitive challenge" to other Shanghai services.
If approved, Continental said it will introduce flights in March 2007 and will use the 283-seat Boeing 777 aircraft.
Continental will also offer online connecting service between Shanghai and points throughout the U.S., Europe and Latin America.
Continental, which said last month that it will be the only U.S. carrier offering daily nonstop service from New York to China, will begin daily nonstop service from New York/Newark Liberty Airport to Beijing on June 15.
Other air carriers outside of the U.S. also have planned to seize growing demand for routes to Shanghai.
British Airways PLC (BAB) hopes to get permission from Chinese authorities to start flights between London and Shanghai this summer, saying that it expects great demand for its flights to the area due to recently relaxed travel visa rules, which make it easier for Chinese citizens to visit the U.K.
In October, Scandinavian airline operator SAS AB (SAS.SK) said additional capacity will allow it to increase the number of flights from Copenhagen to Shanghai to six a week from three.
On Wednesday, Continental announced plans for the first-ever daily nonstop flight between India and the U.S. in order to strengthen its overseas operations and offset its weak domestic operations.
The struggling airline recently posted a fourth-quarter loss of $206 million, or $3.12 a share, compared with net income of $47 million, or 61 cents a share, a year earlier.
Continental, which expects to report a "significant" loss for the 2005 full year, said its 2004 results were hurt by weak domestic yields and record- breaking fuel prices.
Shares of Continental recently changed hands Thursday at $12.43, down 3 cents, or 0.2%, in New York Stock Exchange composite trading.
-Nicole Urbanowicz; Dow Jones Newswires; 201-938-5400; AskNewswires@ dowjones.com
Dow Jones Newswires 04-07-051202ET
HOUSTON (Dow Jones)--Continental Airlines Inc. (CAL) submitted an application to operate nonstop flights from New York to Shanghai, in an effort to further fill a service gap created by the lack of U.S. carrier nonstop service in the U.S.-China market.
In a press release Thursday, the air carrier said it will offer service in the largest U.S.-China market, which lacks critical U.S. carrier nonstop service, and will provide a "competitive challenge" to other Shanghai services.
If approved, Continental said it will introduce flights in March 2007 and will use the 283-seat Boeing 777 aircraft.
Continental will also offer online connecting service between Shanghai and points throughout the U.S., Europe and Latin America.
Continental, which said last month that it will be the only U.S. carrier offering daily nonstop service from New York to China, will begin daily nonstop service from New York/Newark Liberty Airport to Beijing on June 15.
Other air carriers outside of the U.S. also have planned to seize growing demand for routes to Shanghai.
British Airways PLC (BAB) hopes to get permission from Chinese authorities to start flights between London and Shanghai this summer, saying that it expects great demand for its flights to the area due to recently relaxed travel visa rules, which make it easier for Chinese citizens to visit the U.K.
In October, Scandinavian airline operator SAS AB (SAS.SK) said additional capacity will allow it to increase the number of flights from Copenhagen to Shanghai to six a week from three.
On Wednesday, Continental announced plans for the first-ever daily nonstop flight between India and the U.S. in order to strengthen its overseas operations and offset its weak domestic operations.
The struggling airline recently posted a fourth-quarter loss of $206 million, or $3.12 a share, compared with net income of $47 million, or 61 cents a share, a year earlier.
Continental, which expects to report a "significant" loss for the 2005 full year, said its 2004 results were hurt by weak domestic yields and record- breaking fuel prices.
Shares of Continental recently changed hands Thursday at $12.43, down 3 cents, or 0.2%, in New York Stock Exchange composite trading.
-Nicole Urbanowicz; Dow Jones Newswires; 201-938-5400; AskNewswires@ dowjones.com
Dow Jones Newswires 04-07-051202ET
