<< Read Full Article
<< Read Full Article
Continental(CAL Quote) said high fuel prices sent it to a third-quarter loss, and the carrier modified its delivery schedule with Boeing(BA Quote).
Excluding special items, the carrier reported a loss of $145 million, or $1.32 a share. Analysts surveyed by Thomson Reuters had estimated a loss of $1.55. Revenue rose 8.8% to $4.2 billion and topped expectations.
Continental said fuel expenses were $606 million higher than in the same period a year earlier. Additionally, Hurricane Ike cut its operating results by $50 million, and the carrier recognized $63 million in fuel-hedging losses. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
108.95
|
|
+0.20%
|
+0.58%
|
+1.45%
|
+1.69%
|
Data delayed 20 minutes |
Connect with TheStreet