Continental pilot leaders give thumbs-up to new agreement

Leaders of the pilots union at Continental Airlines last week unanimously agreed to approve and support a new labor agreement and now will send the deal to union members for a ratification vote. According to the Air Line Pilots Assn., the agreement, which was reached late last month (ATWOnline, March 1), will provide the airline with more than $200 million of the $500 million in annual cost savings Continental said it needs from employees. Citing pilot sources, UBS analyst Robert Ashcroft ...