Effective
immediately, Continental Airlines (NYSE: CAL) has changed its travel
agent base commission structure. The change affects all tickets issued
by travel agents in the United States and Canada for domestic travel on
Continental Airlines and Continental Express.
Domestic U.S.:
The domestic base commission rate for travel agents will be five
percent, with a new maximum payment of $20 for round-trip travel or $10
for one-way travel. The rate applies to all tickets issued by travel
agents in the U.S. (including Puerto Rico and the U.S. Virgin Islands)
for travel within the U.S. and between the U.S. and Canada.
Canada:
The base commission rate for travel agents in Canada will be five
percent, with a new maximum payment of $28 (CAD) for round-trip travel
or $14 (CAD) for one-way travel. The rate applies to all tickets
purchased in Canada for travel between the U.S. and Canada, and within
the U.S.
All other aspects of Continental's commission structure for U.S. and
Canada travel agents, including policies regarding international and
internet/online bookings, remain unchanged. Further information for
travel agents will be available through their computer reservations
system (CRS). |