Continental Airlines and Expedia Sign New Five-Year Partnership Agreement
Continental Airlines (NYSE:CAL) , the world's sixth-largest airline and Expedia, Inc. (NASDAQ:EXPE) , the world's largest online travel company, today announced a new five-year strategic partnership under which Continental's full range of products and services, including all fares and inventory, will be marketed through Expedia.com (R) and its affiliate sites, available to travelers anytime, anywhere.
The agreement allows Continental to benefit from Expedia's online travel expertise, broad reach and targeted merchandising opportunities, and gives Expedia travelers greater access to Continental inventory and rates. Continental's market strength in key leisure destinations such as Europe, Mexico and the Caribbean gives Expedia customers an even greater range of travel options.
"Customers are flocking to the Internet to buy air travel, and we're delighted to renew our strategic partnership with Expedia, the world's leading online travel service. Both Continental and Expedia are well known in the travel marketplace for delivering superior service and value to our mutual customers, and we're extremely pleased that Expedia will continue to be one of our key points of presence on the Web," said Jeff Smisek, president of Continental Airlines.
"Achieving efficiency in the distribution of our products is also an important objective for us, and this agreement succeeds in meeting our goals for getting tickets to our customers at attractive economics to Continental," Smisek added.
"This agreement furthers Expedia's commitment to work with our strategic partners to align economic incentives as part of long-term relationships," said Paul Brown, president of Expedia's Partner Services Group. "Expedia is increasingly working to ensure that together we can satisfy the business needs of both parties, while offering our travelers the broadest range of opportunities at the guaranteed best prices."
About Continental Airlines
Continental Airlines is the world's sixth-largest airline. Continental, together with Continental Express and Continental Connection, has more than 3,200 daily departures throughout the Americas, Europe and Asia, serving 151 domestic and 137 international destinations. More than 400 additional points are served via SkyTeam alliance airlines. With more than 42,000 employees, Continental has hubs serving New York, Houston, Cleveland and Guam, and together with Continental Express, carries approximately 61 million passengers per year. Continental consistently earns awards and critical acclaim for both its operation and its corporate culture.
For the third consecutive year, FORTUNE magazine named Continental the No. 1 Most Admired Global Airline on its 2006 list of Most Admired Global Companies. For more company information, visit continental.com.
About Expedia, Inc.
Expedia, Inc. is the world's leading online travel company, empowering business and leisure travelers with the tools and information they need to easily research, plan, book, and experience travel. Expedia, Inc. also provides wholesale travel to offline retail travel agents. Expedia, Inc.'s portfolio of brands includes: Expedia.com (R), hotels.com (R), Hotwire (R), Expedia (R) Corporate Travel, TripAdvisor (TM) and Classic Vacations (R). Expedia, Inc.'s companies also operate internationally with sites in Canada, the United Kingdom, Germany, France, Italy, the Netherlands, Australia, and China, through its investment in eLong (TM).
Source: Expedia, Inc.
HOUSTON and BELLEVUE, Wash., May 1, 20065 /PRNewswire-FirstCall/ --
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