The company traced its history to Varney Airlines, incorporated by Walter T. Varney in 1934. Continental previously had a frequent flyer program prior to OnePass called TravelBank, which was started not long after American Airlines started its frequent flyer program in 1981 and when most large United States airlines followed, but this was merged with Eastern Airlines' frequent flyer program in 1987 to form OnePass. At the time of the merger with United, Continental was the fourth-largest airline in the US based on passenger-miles flown and the fifth largest in total passengers carried.
Varney operated his newest business alone until 1937, at which time a man by the name of Robert Foreman Six used $90,000 to purchase a 40 percent interest in the company. In 1970 Continental was awarded routes from Seattle and Portland to San Jose, Hollywood-Burbank Airport, and Ontario, California—all of them growing markets.[7]. It inaugurated services to Ireland and Scotland, and in October 1998 the airline received its first Boeing 777-200ER aircraft, allowing non-stop flights from Newark and Houston to Tokyo, Japan, and from Newark to Tel Aviv, Israel. Continental filed for bankruptcy in December 1990. This decision again proved prescient, since the publicity associated with Continental's splashy 747 service Chicago-Denver-Los Angeles-Honolulu had stimulated increased market share and increased traffic for all carriers. In 1981, Texas International Airlines acquired a controlling interest in Continental. October 1978 saw Continental begin flights from the New York area airports to Houston and Denver, and from Denver to Phoenix. (Aviation Week June 22, 1959: "Continental's current re-equipment program — involving a total cost of $64 million for the Boeings, Viscounts and DC-7Bs — was launched in 1955 when the carrier's net worth amounted to $5.5 million. Aby sprawdzić dostępność połączeń, skorzystaj z wyszukiwarki eSky. [121] Continental Airlines was also one of the first carriers in the world to fit winglets to as much of its fleet as it could, reducing fuel burn by 3–5%. [77] Despite ending merger talks, Continental announced that it would join United in the Star Alliance. [22][23][24] American planned massive, rapid growth through new hires at starting pay 50 percent lower than existing contracts and equitable with low-cost, startup carriers and well below Continental's pay rates. He was discussing with Boeing for Continental to become one of the first to operate the soon-to-be-launched 707. [120], Continental Airlines has made efforts to minimize the negative environmental effects of commercial aviation. Even with the cost reductions from the pilots in 1982, Continental faced a major competitive threat in 1983 when American Airlines was able to implement two-tier wage structures with its unions. Continental Airlines had a two-class service configuration, First/BusinessFirst and Economy Class, for aircraft in the mainline fleets. The airline was acquired by UAL Corporation, the parent company of United Airlines, in an all-stock transaction on October 1, 2010.
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