N1120A From United States of America, joined Dec 2003, 26941 posts, RR: 75
Reply 1, posted (9 years 6 months 2 weeks 1 day 9 hours ago) and read 7463 times:
The actual net profit excluding special items was $53 million, which is still quite respectable. The other $47 million was a one time gain. It is nice to see that diverse business models work in the airline industry
Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
Tornado82 From , joined Dec 1969, posts, RR:
Reply 6, posted (9 years 6 months 2 weeks 1 day 8 hours ago) and read 7322 times:
Quoting Carfield (Reply 5): Also, it proves that serving complimentary food on domestic US flights does not affect whether the airline will make money or not!
CLE-IAH Friday got me a rather tasty ham and cheese sandwich, carrot sticks, and a little desert chocolate bar... with all the soft drink servings i could possibly drink. Not at all bad for a 3 hour flight.
And when they have a problem they are the quickest, and most courteous to rectify it to the best of their abilities. Twice in the past month and a half I've had blown connections on them due to wx (beyond their control when severe storms shut down most airports on the east coast), and their gate agents have gone above and beyond what anyone else would do coming up with some routings outside of the Skyteam that you couldn't even think of on your own to help get you home... despite buying a somewhat discounted (but not bargain basement) fare.
They also seem to avoid some of the fare bloodbaths, many times I price them they are still $30 or more higher than people like US' Go-fares, but yet their planes are still just as full as anyone else's. I'll gladly pay $30 extra to get treated like a human and know that if I do run into a problem some of the most helpful people in the industry will bend over backwards to help me out. People might laugh at it as well, but that CLE "hub" might be the easiest hub in the world to connect in now that US has slashed PIT... just not the most well-equipped. Glad to see my favorite airline with my favorite plane makes (Boeings for mainline, Embraers for express) is doing well!
OptionsCLE From United States of America, joined Jun 2004, 467 posts, RR: 0
Reply 8, posted (9 years 6 months 2 weeks 1 day 8 hours ago) and read 7240 times:
People certainly give CLE more than it's share of insults, but I avoid major hubs like the plague. Why not connect in CLE and risk a 15 minute taxi than ORD where you could get stuck in a 20 a/c long takeoff line?
Getting back to the topic, congratulations to Continental and the employees, this is a great accomplishment!
PanAm_DC10 From Australia, joined Aug 2000, 4221 posts, RR: 89
Reply 12, posted (9 years 6 months 2 weeks 1 day 7 hours ago) and read 7083 times:
AIRLINERS.NET CREW COMMUNITY MANAGER
Quoting Danny (Reply 11): Congratulations to COA! ... and American which also posted a profit
With all of the orders we've seen globally for both A & B this is the best news possible. First CO and second AA, 2 "Legacy" carriers reporting operating profits. Finally they start to see the benefit of 4 years of restructuring, cost control's, redundancy's, high oil prices, competitors sheltering in CH-11 and the list goes on. Let's hope it's a base they can both build upon as it's good for all whom work for them and enthusiasts like me who've no desire to see a repeat of what some North American carriers have had to endure over recent years.
Dutchjet From Netherlands, joined Oct 2000, 7864 posts, RR: 56
Reply 15, posted (9 years 6 months 2 weeks 1 day 7 hours ago) and read 6977 times:
Great news - go CO - they have worked very hard to achieve this result.
This is proof that there is a place for a full service airline in the market. CO accomplished this result with impossibly high fuel costs, let hope that they can keep it up. By the way, CO shares are up nearly 5% today.
FlyHoss From United States of America, joined Feb 2005, 598 posts, RR: 0
Reply 20, posted (9 years 6 months 2 weeks 1 day 4 hours ago) and read 6635 times:
I believe "next-gens" refers to the 737NGs. They have longer wingspans than the "classic" fan 737s (-300 or -500). Furthermore, the additional of winglets to most the 737NG fleet adds even more wingspan. This limits the number of gates that the NGs can use, so closing a few gates to allow other gates to accept NGs may be in the future.
And a big thanks for your support of CO.
Flybyguy From United States of America, joined Jun 2004, 1802 posts, RR: 1
Reply 23, posted (9 years 6 months 2 weeks 1 day 4 hours ago) and read 6440 times:
Quoting Carfield (Reply 5): Also, it proves that serving complimentary food on domestic US flights does not affect whether the airline will make money or not! Not to mention providing a better premium class product...
Thank God they posted a profit to prove to the other junk-lines that low quality rarely equates to high profits. I am beaming with respect for the only legacy carrier in the country to be worthy of being called an airline.
Quoting Danny (Reply 11): Congratulations to COA! ... and American which also posted a profit:
American posted profits?... Well, I guess I take back what I said earlier, perhaps low quality does = profits.
"Are you a pretender... or a thoroughbred?!" - Professor Matt Miller
Tornado82 From , joined Dec 1969, posts, RR:
Reply 24, posted (9 years 6 months 2 weeks 1 day 3 hours ago) and read 6427 times:
Quoting Flybyguy (Reply 23): American posted profits?... Well, I guess I take back what I said earlier, perhaps low quality does = profits.
This isn't the place for a trip report... but a friend and I both flew for a trip to OKC this weekend. Myself from ABE via CLE and IAH on CO. My friend from PIT via DFW on AA. Both of us had our connections botched by the storms all weekend long. The way that CO handled the situation vs AA was astonishing. With AA you're better off just flying WN, because they wouldn't even think of reaccomodating onto another airline nor even showing concern. CO did everything but charter me a flight basically. When NW couldn't help them they left their alliance and worked with UA even. AA basically told them they were on their own, and when they missed their original flight due to the storms on Friday... that enacted the automatic cancellation of their return itinerary home on Sunday without even alerting them... despite the fact that the whole time they missed their connection they were just sitting on an AA bird on the ramp waiting for storms to clear.
: There is--at PHX WN has signage on some gates that say "NO 700". The tight gate space at ATL is why Air Tran didn't order winglets on their 73Gs.
: Good job CO!! I flew them last year PHX IAH SAV. I loved the 73G and flew on the EMB145 and I was impressed with them. The FAs were fast and friendly,
: The market's cool reaction to the news indicates (IMO) just how far out of favor airlines are to investors.. Continental's adjusted income beat the st
: [quote=Kohflot,reply=27]Meanwhile, in the biotech sector, Amgen beat estimates by 16 cents a share (still remarkable, since most seem to beat by a pen
: We saw this coming. Hopefully within the next 3 quarters DL as well can join the profit party.
: I always knew CO could do it way to go
: Perhaps you mis-understood what I was trying to say, I was NOT complimenting AA in the least by saying that low quality is good, on the contrary I wa
: I know you weren't... and I was affirming the low quality of AA and making a comparison of the 2 airlines in the tribulations of my friend and his gi
: Well glad to see CO, my "hometown" airline as it were, making money. WN of course, and even AA made money-- A Good quarter for the big 3 Texas airline
: As much as I'd like to see Delta turn around... they seem to have much deeper issues... 2Q06 is the first quarter I envision them turning a profit. N