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Boofer

Posted: Wed Jul 20, 2005 03:39:21 pm

Boofer
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Joined: 17 Jun 2005
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Location: Carmel, IN

Continental Posts Second Quarter Earnings Above Wall Street Estimates
Posted: July 20th, 2005 08:53 AM EDT

ASSOCIATED PRESS


HOUSTON (AP) -- Continental Airlines Inc. on Wednesday posted a second-quarter profit that beat Wall Street expectations, as the carrier's passenger traffic grew and it trimmed wages and other costs to overcome higher fuel prices.

Net income totaled $100 million (euro83.58 million), or $1.26 per share, compared with a loss of $28 million (euro23.4 million), or 43 cents per share, a year ago. Excluding a gain from the contribution of ExpressJet Holdings Inc. shares to its pension plan, Continental said its adjusted income was $53 million, or 69 cents per share, in the latest quarter.

The company's adjusted profit was ahead of the average estimate of 20 cents per share from analysts surveyed by Thomson Financial.

Quarterly revenue totaled $2.86 billion (euro2.39 billion), a gain of 12 percent from $2.55 billion (euro2.13 billion) a year earlier and above the analysts' consensus estimate of $2.77 billion (euro2.32 billion).

continued at: http://www.airportbusiness.com....jsp?siteSection=3&id=2780

Can I get a peanut crumb with that thimble of Coke?

Indy

Posted: Wed Jul 20, 2005 07:29:09 pm

Indy
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Joined: 15 Jun 2005
Posts: 2316
Location: Indianapolis, IN

Congrats CO. It is nice to see airlines like this making a profit even in times of high fuel prices. It just goes to show that the rest cannot blame their problems solely on fuel.

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