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CO Announces 2Q $100 Million Profit  
User currently offlineCory6188 From United States of America, joined Feb 2004, 2692 posts, RR: 5
Posted (9 years 5 months 1 week 4 hours ago) and read 7456 times:

Here's the news release:

http://phx.corporate-ir.net/phoenix....l-newsArticle&ID=732553&highlight=

Bravo! $100 million isn't a small sum, either.

56 replies: All unread, showing first 25:
 
User currently offlineN1120A From United States of America, joined Dec 2003, 26815 posts, RR: 75
Reply 1, posted (9 years 5 months 1 week 4 hours ago) and read 7431 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
User currently offlineScorpio From Belgium, joined Oct 2001, 5052 posts, RR: 44
Reply 2, posted (9 years 5 months 1 week 4 hours ago) and read 7422 times:

Good to see that at least one of the US majors seems to be getting its act together...

User currently offlineANCFlyer From , joined Dec 1969, posts, RR:
Reply 3, posted (9 years 5 months 1 week 4 hours ago) and read 7392 times:

Way to go CO!  bigthumbsup 

Best by Test!


User currently offlineThomasphoto60 From United States of America, joined Jan 2000, 4022 posts, RR: 26
Reply 4, posted (9 years 5 months 1 week 3 hours ago) and read 7349 times:

Nice goin' CO, I knew you could do it!

Thomas



"Show me the Braniffs"
User currently offlineCarfield From United States of America, joined Dec 2003, 1946 posts, RR: 8
Reply 5, posted (9 years 5 months 1 week 3 hours ago) and read 7333 times:

Good Job CO!

I am glad that at least there is some US legend airline making money, and no surprise yield and revenues mostly come from Transatlantic and pacific network.

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...

Carfield


User currently offlineTornado82 From , joined Dec 1969, posts, RR:
Reply 6, posted (9 years 5 months 1 week 3 hours ago) and read 7290 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!


User currently offlineRAMPRAT980 From United States of America, joined Mar 2005, 600 posts, RR: 3
Reply 7, posted (9 years 5 months 1 week 3 hours ago) and read 7216 times:

Quoting Scorpio (Reply 2):
Good to see that at least one of the US majors seems to be getting its act together...

This airline is where it is today thanks to Gordon's vision & wisdom. And don't forget the dedicated and hard working employees of CAL.



With gun control there can be no democracy.. With gun control there can be no Freedom
User currently offlineOptionsCLE From United States of America, joined Jun 2004, 467 posts, RR: 0
Reply 8, posted (9 years 5 months 1 week 3 hours ago) and read 7208 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!


User currently offlineTornado82 From , joined Dec 1969, posts, RR:
Reply 9, posted (9 years 5 months 1 week 3 hours ago) and read 7183 times:

Quoting OptionsCLE (Reply 8):
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?

Likewise with EWR... which is why I always pay extra to get the real flight to CLE from ABE, as opposed to the bus ride "flight" to EWR.

What are they doing at all those gates under construction? Just replacing concrete?


User currently offlineThomasphoto60 From United States of America, joined Jan 2000, 4022 posts, RR: 26
Reply 10, posted (9 years 5 months 1 week 3 hours ago) and read 7173 times:

Quoting RAMPRAT980 (Reply 7):
And don't forget the dedicated and hard working employees of CAL.

Ditto! Frankly, I can not say enough positive things about the 99% of CO's staff that I deal with several times each month.

Once again, great job big 'CO'!

Thomas



"Show me the Braniffs"
User currently offlineDanny From Poland, joined Apr 2002, 3516 posts, RR: 3
Reply 11, posted (9 years 5 months 1 week 2 hours ago) and read 7126 times:

Congratulations to COA! ... and American which also posted a profit:
http://biz.yahoo.com/ap/050720/earns_airlines.html?.v=2

Good job!

[Edited 2005-07-20 15:24:10]

User currently offlinePanAm_DC10 From Australia, joined Aug 2000, 4217 posts, RR: 89
Reply 12, posted (9 years 5 months 1 week 2 hours ago) and read 7051 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.

Regards



Ask the impossible to achieve the best possible
User currently offlineOptionsCLE From United States of America, joined Jun 2004, 467 posts, RR: 0
Reply 13, posted (9 years 5 months 1 week 2 hours ago) and read 7000 times:

Quoting Tornado82 (Reply 9):
What are they doing at all those gates under construction? Just replacing concrete?

Yep, the concrete's old and it's being replaced around most of the terminal.


User currently offlinePadcrasher From , joined Dec 1969, posts, RR:
Reply 14, posted (9 years 5 months 1 week 2 hours ago) and read 6961 times:

And it will be all tax free for many years!...LOL

User currently offlineDutchjet From Netherlands, joined Oct 2000, 7864 posts, RR: 56
Reply 15, posted (9 years 5 months 1 week 2 hours ago) and read 6945 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.


User currently offlineCLE757 From United States of America, joined Apr 2005, 1145 posts, RR: 0
Reply 16, posted (9 years 5 months 1 week 1 hour ago) and read 6855 times:

Quoting OptionsCLE (Reply 13):
Quoting Tornado82 (Reply 9):
What are they doing at all those gates under construction? Just replacing concrete?

Yep, the concrete's old and it's being replaced around most of the terminal

Some gates may be closed permanently to accept next gen aircraft, like C-19,C-16,C-1...Then C-2,C-14,C-17,C-18,C-20,C-11 could all accept next-gens.



Cleveland the best location in the Nation
User currently offlineTommy767 From United States of America, joined Aug 2003, 6933 posts, RR: 9
Reply 17, posted (9 years 5 months 1 week ago) and read 6769 times:

Well this is great news to hear! My two favorite airlines making money! (AA and CO)


"KEEP CLIMBING" -- DELTA
User currently offlineTornado82 From , joined Dec 1969, posts, RR:
Reply 18, posted (9 years 5 months 1 week ago) and read 6746 times:

Quoting CLE757 (Reply 16):
Some gates may be closed permanently to accept next gen aircraft, like C-19,C-16,C-1...Then C-2,C-14,C-17,C-18,C-20,C-11 could all accept next-gens.

I'm assuming you mean the 787's?


User currently offlineCLE757 From United States of America, joined Apr 2005, 1145 posts, RR: 0
Reply 19, posted (9 years 5 months 6 days 23 hours ago) and read 6610 times:

Quoting Tornado82 (Reply 18):
I'm assuming you mean the 787's?

No, mostly 737/700/800/900's and maybe 757's...I'm not sure of the wing-span of the 787 but It should fit on some gates, not that we will ever see one.



Cleveland the best location in the Nation
User currently offlineFlyHoss From United States of America, joined Feb 2005, 598 posts, RR: 0
Reply 20, posted (9 years 5 months 6 days 23 hours ago) and read 6603 times:

Tornado82,
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.



A little bit louder now, a lil bit louder now...
User currently offlineCOfaninBOS From United States of America, joined May 2004, 287 posts, RR: 0
Reply 21, posted (9 years 5 months 6 days 23 hours ago) and read 6556 times:

Great news for all CO employees. Congrats on all the hard work and your efforts are much appreciated.

I enjoyed another IAH-BOS first class trip two nights ago and will book many more in the future.


User currently offlineTornado82 From , joined Dec 1969, posts, RR:
Reply 22, posted (9 years 5 months 6 days 23 hours ago) and read 6470 times:

Oh... wow. I didn't think there was THAT much of a wingspan difference between the NG's with winglets and the old classics.

User currently offlineFlybyguy From United States of America, joined Jun 2004, 1801 posts, RR: 1
Reply 23, posted (9 years 5 months 6 days 22 hours ago) and read 6408 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
User currently offlineTornado82 From , joined Dec 1969, posts, RR:
Reply 24, posted (9 years 5 months 6 days 22 hours ago) and read 6395 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.


25 Drerx7 : 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.
26 Post contains images Cerretaman : 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,
27 Kohflot : 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
28 RAMPRAT980 : [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
29 DeltaMIA : We saw this coming. Hopefully within the next 3 quarters DL as well can join the profit party.
30 COAMiG29 : I always knew CO could do it way to go
31 Flybyguy : 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
32 Tornado82 : 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
33 Lt-AWACS : 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
34 Lightsaber : 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
35 DeltaMIA : I am hoping 1Q06
36 Dutchjet : The first calender quarter is usually a difficult one for the carriers - even in good time, airlines generally lose money or break even during the 1s
37 ARGinLON : Do we know when DL and UA will announce their 2ndQ results? It should be soon I know. I aslo know that they will be far different from AA/CO (very dee
38 ContnlEliteCMH : This is my consistent experience on my favorite airline. Serious business travelers need a serious airline, and CO is a serious airline. If you paid
39 DeltaMIA : DL will tomorrow. I would guess $300M loss.
40 Post contains links and images Mariner : I think the market had been expecting some good news, Kohflot, and had priced it in. CAL shares were at their 52 week high before the profit announce
41 MSYtristar : Good news for CO! In my opinion they offer the best domestic product out there, whether it be on a 777 or an ERJ. Friendly flight crews, fairly nice h
42 Cairo : When UA went into BK a hundred years ago, all the UA employees here were saying things like "AA will be next" and "The first to file BK will be the b
43 ContnlEliteCMH : I've noticed that. And also loves to tell us that Song is getting a higher load factor with a revenue premium vs. Southwest and/or JetBlue. While tha
44 Tornado82 : I don't want to start an E vs B just like an A vs B... but has anyone noticed that the profitable airlines of CO and AA all fly (well, not quite stri
45 Dc8friendship : Unless you count american eagle as an "airline within an airline" (it is owned by AMR.)
46 Cory6188 : I really don't think that American Eagle counts - it's AA's regional division, just like CO has ExpressJet. Also, the two airlines aren't trying to ma
47 MAH4546 : Exactly, it owned by AMR. It isn't an airline within an airline. AMR Corporation owns three airlines - American Airlines, American Eagle, and Executi
48 LTBEWR : Finally, some relief of the gloom and doom of the industry over the last several years. I would suggest the profits of both AA & CO are from the large
49 UA772IAD : Good for them. I'm glad to see an airline overcome the face of failure and eventually prosper. I hope the others can learn from them!
50 Post contains links ContnlEliteCMH : Oh, I doubt the narrower cross-section does much when you factor in induced drag and other things. CASM: CRJ Vs. ERJ (by Jmc1975 Jun 2 2005 in Civil
51 Tornado82 : Good management is more responsible no doubt... but a ~ $100/hr block cost vs the CRJ, plus the fact that supposedly ERJ's are cheaper to acquire new.
52 Aa777jr : Does CO have any flight attendants or pilots on furlough? When do they expect to resume normal hiring practices? Regards.
53 Post contains images N1120A : Only partially owned, not wholy owned like Eagle And both Eagle and Executive were included in the AMR Corp. numbers Why, did that law career not pan
54 Cairo : I say little things like this make more of a difference than most airline executives acknowledge. a comfortable plane makes a difference It's purely
55 FlyHoss : CO has been hiring flight attendants for several months and pilots for about two months. There are some still on leave, but all have been offered a "
56 Baw716 : Once again, Continental shows us how it should be done. Gordon Bethune has taught his people well, and it would seem they have carried on his legacy o
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