6:42am 04/15/03
Continental''s Q1 loss rises, but was less than expected (CAL) By Tomi Kilgore
Continental Airlines (CAL) reported a first-quarter net loss of $221 million, or $3.38 a share, wider than the $2.61 a share it lost in the year-earlier period. Excluding a non-recurring charge, the losses were $2.75 a share, a nickel less than the average analyst estimate compiled by Thomson First Call. Total revenue for the quarter ending March increased 2.5 percent to $2.04 billion. In spite of the convergence of war, domestic terrorism, SARS, poor economy and high fuel prices, coupled with one of the highest tax burdens of any industry, we''re going to make it across the finish line, said Gordon Bethune, the airliner''s chairman. The stock closed Monday up a penny at $5.69.
Continental''s Q1 loss rises, but was less than expected (CAL) By Tomi Kilgore
Continental Airlines (CAL) reported a first-quarter net loss of $221 million, or $3.38 a share, wider than the $2.61 a share it lost in the year-earlier period. Excluding a non-recurring charge, the losses were $2.75 a share, a nickel less than the average analyst estimate compiled by Thomson First Call. Total revenue for the quarter ending March increased 2.5 percent to $2.04 billion. In spite of the convergence of war, domestic terrorism, SARS, poor economy and high fuel prices, coupled with one of the highest tax burdens of any industry, we''re going to make it across the finish line, said Gordon Bethune, the airliner''s chairman. The stock closed Monday up a penny at $5.69.
