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Continental to introduce enhanced profit sharing programme.(Brief Article)

From: Airline Industry Information  |  Date: 1/6/2005

AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD

Continental Airlines has pledged to replace some of the USD500m it is seeking in wage and benefit concessions with enhanced profit sharing once the carrier becomes profitable again.

The airline said on Tuesday (4 January) that it will share 30% of the first USD250m in pre-tax income, 25% of the next ...

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