Damn. Continental Airlines is cutting 3,000 jobs

:(

http://www.reuters.com/article/newsOne/idUSDIS54012720080605

NEW YORK (Reuters) - Continental Airlines Inc said on Thursday it would cut 3,000 jobs, or about 6.5 percent of its work force, and retire 67 older planes as it scales down in the face of soaring fuel prices.

The No. 4 carrier is the latest of the major U.S. airlines to announce large cutbacks as they grapple with unprecedented oil prices, which have doubled in the past year.

On Tuesday, UAL Corp's United Airlines announced plans to slash jobs and flights, following a similar move by AMR Corp's American Airlines last month.

"The airline industry is in a crisis," Larry Kellner, Continental's chief executive, and Jeff Smisek, its president, wrote in a letter to Continental employees released on Thursday.

so fucked. The greed is going to kill the USA.

This was an airline that a few short months ago was set to expand while others were not, had the most efficient fleet in the industry and was actually showing profit.

A nation destroyed, one job at a time.

I was shocked.