• From The BBC:

    Continental Airlines has said that it is to cut 1,700 jobs amid a slump in revenue and passenger numbers.The airline is also increasing its fees for checking in bags and for making reservations by telephone. The airline lost $213m (£129.9m) between April and June, after many business passengers put off travel or bought cheaper tickets. Other US rivals fared better, with both United and Southwest reporting profits for the same period. UAL, United’s parent firm, said it made a second-quarter profit of $28m – or 19 cents a share – thanks to fuel hedge gains, accounting charges and other one-off items. However, without those gains, it would have made a quarterly loss of $2.23 a share, or $328.6m in total. UAL said it would be cutting its international flight capacity by 7% in the last four months of 2009. Travel troubleFor its part, Southwest reported its first quarterly profit in a year, with earnings of $54m. However, that was sharply down on the same period in 2008, when it made $…

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    Posted by Jon @ 5:00 pm

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