flydog
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HOUSTON, April 1 (Reuters) - Continental Airlines (CAL) on Monday said its unit revenues for March fell 6 percent to 8 percent compared with a year earlier as the carrier steadily recovered from the travel slump sparked by the Sept. 11 attacks on the United States.
Continental Airlines, the No. 5 U.S. carrier, said fuel price and revenue trends are challenging its ability to meet its outlook for a second quarter profit. Unit revenues -- a barometer of airline performance -- must improve further for the airline to post a profit, it said. In February, its unit revenues were down 11 percent.
The airline has said it expects to post a significant first-quarter loss, but expects to end that period with about $1.2 billion in cash, including $147 million from aircraft financing.
Continental said its system-wide load factor -- a measure of the percent of seats filled on its aircraft -- rose 4.1 points in March to 79.4 percent from a year earlier though on a smaller fleet capacity.
Continental airlines shares closed Monday trading down 67 cents, or 2.37 percent, at $27.65 on the New York Stock Exchange.
Continental Airlines, the No. 5 U.S. carrier, said fuel price and revenue trends are challenging its ability to meet its outlook for a second quarter profit. Unit revenues -- a barometer of airline performance -- must improve further for the airline to post a profit, it said. In February, its unit revenues were down 11 percent.
The airline has said it expects to post a significant first-quarter loss, but expects to end that period with about $1.2 billion in cash, including $147 million from aircraft financing.
Continental said its system-wide load factor -- a measure of the percent of seats filled on its aircraft -- rose 4.1 points in March to 79.4 percent from a year earlier though on a smaller fleet capacity.
Continental airlines shares closed Monday trading down 67 cents, or 2.37 percent, at $27.65 on the New York Stock Exchange.