Flight attendants for Continental Airlines Inc. have approved an agreement that calls for $72 million in labor concessions, according to the airline and the union.
Continental said it was told late Sunday that the deal was approved after flight attendants voted in Houston, Cleveland and Newark, N.J. Union leaders were expected to certify results today.
The flight attendants were the last major group of Continental employees to approve concessions to the airline, which lost $68 million last year. Continental has about 8,600 flight attendants.
Shares of Continental rose 95 cents to $19.44.
From Associated Press
From Bloomberg News