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CO Seen Turning Out Modest 3Q Profit  
User currently offlineMbm3 From United States of America, joined Jul 2005, 839 posts, RR: 1
Posted (8 years 10 months 1 week 3 days 9 hours ago) and read 2045 times:
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http://biz.yahoo.com/ap/051017/earns_preview_continental.html?.v=1

"The company said it expects to report "a modest profit" in the third quarter, supported by a "relatively strong performance" in July and August. On average, analysts polled by Thomson Financial expect the company to earn 17 cents per share on sales of $2.99 billion. Among the range of estimates, the high end targets earnings at 29 cents per share, while the low end predicts a per-share loss of 5 cents."

Great news for CO considering all of the events that happened duing Q3.


Let Me Tell You, Landing A 772ER Is Harder Than It Looks!
11 replies: All unread, jump to last
 
User currently offlineThomasphoto60 From United States of America, joined Jan 2000, 3939 posts, RR: 22
Reply 1, posted (8 years 10 months 1 week 3 days 9 hours ago) and read 2029 times:

Modest or not, any profit in these rough times for the industry is a positive, especially for a 'legacy carrier'.

Nice goin CO!

Thomas



"Show me the Braniffs"
User currently offlineCB777 From United States of America, joined Sep 1999, 1216 posts, RR: 2
Reply 2, posted (8 years 10 months 1 week 3 days 9 hours ago) and read 1997 times:

Cool,

maybe they will give us employees our money back from our paycut


CB777


User currently offlineTornado82 From , joined Dec 1969, posts, RR:
Reply 3, posted (8 years 10 months 1 week 3 days 9 hours ago) and read 1970 times:

Quoting Mbm3 (Thread starter):
"The company said it expects to report "a modest profit" in the third quarter, supported by a "relatively strong performance" in July and August.

That's because in July/August I flew a total of 19 segments on them, in September only 3.  Wink All you shareholders, you're welcome

(in jest, of course)

Way to go CO!!! I knew I picked a good one when I switched as much of my flying as possible over to you guys!!! Best service in the skies too, no doubt.


User currently offlineBigGSFO From United States of America, joined Jun 2005, 2920 posts, RR: 6
Reply 4, posted (8 years 10 months 1 week 3 days 9 hours ago) and read 1966 times:

Great news for CO!  Smile

User currently offlineGoCOgo From United States of America, joined Jan 2005, 701 posts, RR: 1
Reply 5, posted (8 years 10 months 1 week 3 days 8 hours ago) and read 1917 times:

Quoting CB777 (Reply 2):
maybe they will give us employees our money back from our paycut

No doubt the paycut is the only reason they will turn a profit in Q3. If they start making good cash in poorer performing Q4 and 2006 Q1, then start complaining by all means. But not yet.

Anyway, great for CO.



"Why you fly is your business, how you fly is ours"
User currently offlineTornado82 From , joined Dec 1969, posts, RR:
Reply 6, posted (8 years 10 months 1 week 3 days 8 hours ago) and read 1898 times:

Quoting GoCOgo (Reply 5):
If they start making good cash in poorer performing Q4 and 2006 Q1, then start complaining by all means. But not yet.

Yeah, take your pay raises back, and CO will be working in a sea of red ink. I don't think CO even wants to see the red tails they codeshare with at this point, let alone red ink. Patience!  Smile Keep the customer service at the level its currently at, and there's no doubt that CO's financial position will continue to improve.


User currently offlineIkramerica From United States of America, joined May 2005, 21505 posts, RR: 60
Reply 7, posted (8 years 10 months 1 week 3 days 8 hours ago) and read 1875 times:

Quoting CB777 (Reply 2):
maybe they will give us employees our money back from our paycut

Unless you realize that it wasn't "your money" in the first place but that you were taking too much of "their money" for the airline to survive, CO's long term prospects will be bad. If all the employees think that they "loaned" CO money, they are sorely mistaken.

While i understand nobody likes earning less than they did before, airline employees must understand one simple fact: the industry has changed and you will NEVER get the pay you once did during the fat years. if you can not deal with this reality, find another profession while you are still young.



Of all the things to worry about... the Wookie has no pants.
User currently offlineCOFreqFlyer From United States of America, joined Sep 2004, 397 posts, RR: 3
Reply 8, posted (8 years 10 months 1 week 3 days 4 hours ago) and read 1731 times:

Quoting Tornado82 (Reply 3):
That's because in July/August I flew a total of 19 segments on them, in September only 3. All you shareholders, you're welcome

That's it? In July/August, I did 29 segments. September, well, none.  Wink



The Proud Bird with the Golden Tail
User currently offlineTornado82 From , joined Dec 1969, posts, RR:
Reply 9, posted (8 years 10 months 1 week 3 days 4 hours ago) and read 1721 times:

Quoting COFreqFlyer (Reply 8):
That's it? In July/August, I did 29 segments. September, well, none. Wink

Haha. Those were all (but 4) out of my own pocket in July/Aug. I'm not paid enough to do more than that, and it's hard when all your travel is primarily on weekends. Sad


User currently offlineCO737800 From Canada, joined Dec 2003, 545 posts, RR: 1
Reply 10, posted (8 years 10 months 1 week 3 days 4 hours ago) and read 1710 times:

Way to go CO. I just flew them from Vancouver to MOnterrey and once again a great flight with a great crew and great service. Since I moved over to CO from AA I have had nothing but great service. Hence the name CO737800. I cant wait to fly them again on Oct 23 back to YVR via Seattle, my first time on a CO739

User currently offlineANCFlyer From , joined Dec 1969, posts, RR:
Reply 11, posted (8 years 10 months 1 week 3 days 4 hours ago) and read 1693 times:

Quoting Thomasphoto60 (Reply 1):
Modest or not, any profit in these rough times for the industry is a positive, especially for a 'legacy carrier'.

Exactly!

Way to go CO . . . . still proving the best by test . . . .


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