Continental Airlines General Information
Continental Airlines Inc was incorporated in Delaware in 1980. It is a subsidiary of United Continental Holdings, Inc. The Company is a United States air carrier engaged in the business of transporting passengers, cargo and mail. With key global air rights in the U.S., Asia-Pacific, Europe, Middle East, Africa, and Latin America, UAL has the world's most comprehensive global route network. UAL, through United and Continental and their regional carriers, operates more than 5,600 flights a day to more than 370 U.S. domestic and international destinations from the Company's hubs at Newark Liberty International Airport, Chicago O'Hare International Airport, Denver International Airport, George Bush Intercontinental Airport, Hopkins International Airport, Los Angeles International Airport, A.B. Won Pat International Airport, San Francisco International Airport and Washington Dulles International Airport. Including its regional operations, United operates approximately 3,200 flights a day to more than 235 U.S. domestic and international destinations based on its annual flight schedule as of January 1, 2012. Including its regional operations, Continental operates approximately 2,400 flights a day to more than 280 U.S. domestic and international destinations based on its annual flight schedule as of January 1, 2012. All of the Company's domestic hubs are located in large business and population centers, contributing to a large amount of "origin and destination" traffic. The Company's hub and spoke system allows it to transport passengers between a large number of destinations with substantially more frequent service than if each route were served directly. The Company hub system also allows it to add service to a new destination from a large number of cities using only one or a limited number of aircraft. The U.S. airline industry is characterized by substantial competition with respect to fares, fees, routes and services, which is particularly pronounced in domestic markets. It provides air transportation under certificates of public convenience and necessity issued by the DOT. Airlines are subject to extensive regulatory and legal compliance requirements that result in significant costs and can adversely affect it.