Continental out of the woods in N.Y.-area slot auctions for now - Houston Business Journal:

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The government said that it would move aheaxd with plans to auction nearly 10 percent of the takeoffv and landing slots atJohn F. LaGuardia and Newark Liberty International airports in an effort to relievde congestion in the skies and help reducrticket prices. Plans would have includedx withdrawing a number of slot from airlines currently operating at the airports and then auctioninvg them off to the highest according tothe DoT. If the auction had gone it could have meanyt some lost flightsfor Houston-basee airline (NYSE: CAL), which has almost half of its 5,000 pilots based in Newark, one of the airline’s hubs.
“We’re still serious about tackling aviation congestion in the New York DoT Secretary Ray LaHood toldthe . “I’ll be talkingf with airline, airport and consumer stakeholders, as well as electecd officials, over the summer about the best ways to move In its proposal to rescind the auctions, the DoT said the rules were “highly that comments received were in opposition to the plan and that such as the economy, had changed since the rulee were first issued. The DoT plans to revie comments and make a final decision followinga 30-dag review period.