Friday, April 23, 2010

European Airlines Press to Get Everyone Home

AP – Condensation trails of aircraft are seen over Frankfurt, central Germany, Thursday, April 22, 2010, as

By SLOBODAN LEKIC and CARLO PIOVANO, Associated Press Writers Slobodan Lekic And Carlo Piovano, Associated Press Writers – Thu Apr 22, 10:04 am ET

BRUSSELS – European airports sent thousands of planes into the sky Thursday after a week of unprecedented disruptions, with airlines piling on more flights and bigger planes to try to get as many people home as possible.

Nearly all of the continent's 28,000 scheduled flights, including more than 300 trans-Atlantic routes, were going ahead. Every plane was packed, however, as airlines squeezed in some of the hundreds of thousands who had been stranded for days among passengers with regular Thursday tickets.

Former Continental CEO's 2009 Pay Worth $3.3M


By THE ASSOCIATED PRESS
Published: April 23, 2010

Filed at 8:27 p.m. ET

DALLAS (AP) -- The former CEO of Continental Airlines Inc. got a compensation package valued at $3.3 million in his final year leading the nation's fourth-largest carrier, according to an Associated Press analysis of a regulatory filing made Friday.

The airline's new CEO has vowed to reject his $730,000 salary and any bonuses until Continental earns a full-year profit. It lost money the last two years, but analysts predict it will post a profit in 2010.