Continental Air Posts Profit

dbaker · 10-31-2001, 02:05 PM

Quote:

NEW YORK (Reuters) - Continental Airlines Inc. (NYSE:CAL - news), the No. 5 U.S. air carrier, on Wednesday posted a third-quarter profit, saved by $243 million in federal grants aimed at helping the troubled airline industry stave off the sharp travel decline after the Sept. 11 attacks.

Houston-based Continental reported an operating loss of $97 million, or $1.76 per share, compared with a profit of $135 million, or $2.21 per share a year earlier. Including $243 million in cash payments from a federal bailout program, Continental earned $3 million, or 5 cents per share.

dbaker · 10-31-2001, 02:05 PM

Continental Air Posts Profit

Quote:

NEW YORK (Reuters) - Continental Airlines Inc. (NYSE:CAL - news), the No. 5 U.S. air carrier, on Wednesday posted a third-quarter profit, saved by $243 million in federal grants aimed at helping the troubled airline industry stave off the sharp travel decline after the Sept. 11 attacks.

Houston-based Continental reported an operating loss of $97 million, or $1.76 per share, compared with a profit of $135 million, or $2.21 per share a year earlier. Including $243 million in cash payments from a federal bailout program, Continental earned $3 million, or 5 cents per share.

Nugget · 11-07-2001, 10:31 AM

It's gratifying to know that I, in some very small way, helped. There's never been a more rewarding time to be a revenue passenger.

Nugget · 11-07-2001, 10:31 AM

It's gratifying to know that I, in some very small way, helped. There's never been a more rewarding time to be a revenue passenger.

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11-07-2001, 10:31 AM	#3
Nugget Senior Member Business Class Join Date: Sep 2001 Location: AUS [Austin, TX, USA] Posts: 611	It's gratifying to know that I, in some very small way, helped. There's never been a more rewarding time to be a revenue passenger.