Continental Airlines Reveals Profit Share Plan

Continental Airlines announced last week it plans to distribute as many as $111 million worth of profits among the company’s employees.

The carrier recorded net income of $343 million in 2006. This marks the first Continental profit sharing payment since the payment for the 2000 results. The $111 million distribution is both the highest of any U.S. carrier this year and the highest profit sharing distribution in Continental’s history.

Continental’s Airport Services Senior Vice President, Bill Meehan, will present profit-sharing to Continental’s employees at the airline’s hub at Cleveland Hopkins International Airport. Other Continental officers will travel to many other locations throughout the Continental system to distribute profit sharing.