Pretty Bold Statement from Berthune. Interested to hear how SWA did this Quarter.
HOUSTON, April 15, 2002 -- Continental Airlines (NYSE: CAL) today reported a first quarter net loss of $114 million ($1.79 diluted loss per share) excluding a previously announced special charge, which compares favorably to the First Call estimate of $1.97 loss per share. Including the special charge, Continental reported a net loss of $166 million ($2.61 diluted loss per share).
Despite reporting a loss for the full quarter, Continental recorded positive pre-tax income of $25 million in March, the carrier’s first profitable month since Sept. 11. “Our team of professionals has once again outperformed all others in our crippled industry,” said Gordon Bethune, Continental Airlines’ chairman and chief executive officer. “Industry capacity excesses overshadow our successes in operational performance, revenue generation and cost management.”
HOUSTON, April 15, 2002 -- Continental Airlines (NYSE: CAL) today reported a first quarter net loss of $114 million ($1.79 diluted loss per share) excluding a previously announced special charge, which compares favorably to the First Call estimate of $1.97 loss per share. Including the special charge, Continental reported a net loss of $166 million ($2.61 diluted loss per share).
Despite reporting a loss for the full quarter, Continental recorded positive pre-tax income of $25 million in March, the carrier’s first profitable month since Sept. 11. “Our team of professionals has once again outperformed all others in our crippled industry,” said Gordon Bethune, Continental Airlines’ chairman and chief executive officer. “Industry capacity excesses overshadow our successes in operational performance, revenue generation and cost management.”