Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Continental Airlines Expects Q2 Loss  
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13756 posts, RR: 18
Posted (13 years 12 months 1 day 23 hours ago) and read 1902 times:

Continental Airlines said that it did not expect to post a Q2 profit. Shares in the US airline industry fell between 3.3% and 7% on the news. CAL is apparently a bellweather for the airline sector.

It said that RPK (yields) fell 6 - 8% on the last FY. Traffic fell 8%.

United Airlines - a Star Alliance Member - also reported that in May, traffic fell 13.9%.

Merrill Lynch revised the airline sector's estimates to a loss of $4.3 billion from a previously forecast $3.2 billion. IATA estimates a $6 billion for this FY.

More information at the Financial Times website

Anyone can fly, only the best Soar.
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Continental Airlines Posts Q2 US$139 Million Loss posted Tue Jul 16 2002 16:53:33 by Singapore_Air
Continental Airlines Posts Q1 Loss / March Profit posted Wed Apr 17 2002 00:34:10 by Singapore_Air
Continental Airlines 1st Q Loss $192 Million posted Wed Apr 20 2005 14:41:58 by Dutch122
Continental Airlines Sees Heavy 2003 Loss posted Fri Feb 14 2003 10:43:08 by Keesje
American Airlines Posts Q2 US$495 Million Loss posted Wed Jul 17 2002 19:16:57 by Singapore_Air
Continental Airlines Prepared To Enter Merger Fray posted Tue Nov 21 2006 18:35:49 by AirportPlan
Continental Airlines New Service: EWR-BON-Netherlands Antilles posted Mon Jul 31 2006 01:43:27 by ILUVAA
New Continental Airlines Website posted Sun Jul 30 2006 15:05:04 by OptionsCLE
Continental Airlines Pilot Removed From Flight posted Wed Jul 26 2006 03:20:33 by KarlB737
Continental Airlines Receives J.D. Power And Assoc posted Thu Jun 29 2006 16:41:50 by Ewrw4co