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Old 11-15-2001, 06:10 PM   #1
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Continental may defer some aircraft deliveries

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CHICAGO, Nov 15 (Reuters) - Continental Airlines Inc. (NYSE:CAL - news) said Thursday it will take delivery of 24 Boeing aircraft it has already financed through March, but may defer some deliveries through 2005 to cope with losses of up to $5 million a day in the wake of the Sept. 11 attacks.

At Sept. 30, Continental had on firm order from Boeing Co. (NYSE:BA - news) 84 aircraft, with an estimated cost of about $4.0 billion, the company said in a quarterly filing with the U.S. Securities and Exchange Commission.

The No. 5 U.S. airline plans to take delivery of 24 of 26 Boeing aircraft it is slated to get through March, but said it may defer up to 47 of another 60 firm orders it has with Boeing through 2005.

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Old 11-15-2001, 06:10 PM   #2
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Continental may defer some aircraft deliveries

Quote:
CHICAGO, Nov 15 (Reuters) - Continental Airlines Inc. (NYSE:CAL - news) said Thursday it will take delivery of 24 Boeing aircraft it has already financed through March, but may defer some deliveries through 2005 to cope with losses of up to $5 million a day in the wake of the Sept. 11 attacks.

At Sept. 30, Continental had on firm order from Boeing Co. (NYSE:BA - news) 84 aircraft, with an estimated cost of about $4.0 billion, the company said in a quarterly filing with the U.S. Securities and Exchange Commission.

The No. 5 U.S. airline plans to take delivery of 24 of 26 Boeing aircraft it is slated to get through March, but said it may defer up to 47 of another 60 firm orders it has with Boeing through 2005.

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