Continental reports Q1 loss, but forward bookings show strength

04/22/2009 | Wall Street Journal, The · Washington Post, The

Continental Airlines reported a net loss of $136 million in the first quarter as "significant declines" in business travel contributed to a 17% drop in revenues. The loss of $1.10 per share beat the consensus of Wall Street analysts, who expected a per-share loss of $1.19. Continental said bookings for the next six weeks are running two to three percentage points ahead of the same time last year, with trans-Atlantic and trans-Pacific routes beginning to show signs of increased demand.

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Wall Street Journal, The · Washington Post, The

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