Gound and pound (update 2)

And the hits just keep on coming...

Continental to cut 3,000 jobs, slash domestic flights

Citing a "crisis" because of record fuel prices, Houston-based Continental Airlines said today it will cut 3,000 jobs and reduce 11 percent of its domestic flight capacity starting later this summer.

It appears the "grounding" is picking up steam. Airlines are going to need to keep moving in this direction and quickly. Airfares are set to skyrocket, flight options are shrinking, a la carte fees will keep appearing and airlines will still teeter on the brink of bankruptcy. Unions will need to concede to modified contracts and "we the people" will need to get used to massive price increases and decreased service in air travel. The party is over.

Please see

Ground and Pound (May 23rd)

Ground and Pound Update (June 4th)