| Continental Airlines
Earnings Call |
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Continental Airlines Earnings Call, Second Quarter 2008
19th July 2008 00:00 AM |
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| Record high fuel prices, weakening economic conditions and a weak dollar led to the worst conditions for U.S. networks carriers since 9/11 attacks. |
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| The airliner reported Q2 total revenue of $4 billion, an increase of $334 million compared with the same period in fiscal 2007. The revenue increase was fueled by increased fuel surcharges on passenger tickets and cargo, as well as international growth, increased fees and fare increases. The quarterly net loss was $3 million compared with net income of $228 million for the year ago quarter. The company has hedged about 63% of the company’s projected fuel requirements for Q3 and Q4 of 2008. |
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Continental Airlines Fourth Quarter Earnings Call
28th May 2008 00:00 AM |
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| In spite of fuel price increases, net income improved on strong revenue growth, and continued cost reduction initiatives. |
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| The airline reported a net loss of $26 million or 29 cents per share, a 39.5% improvement from a loss of $43 million or 53 cents a share in 2005 as revenue increased 12.3% to $3.2 billion. Continental made several product improvements and also announced an alliance with US Helicopter Corporation to provide an eight-minute shuttle service between Manhattan and its New York hub at Newark Liberty. |
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Continental Airlines First Quarter Earnings Call
3rd May 2008 00:00 AM |
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| The company remains positive going forward with focus on internal strengths of a young fuel efficient fleet and a strong new aircraft order book. |
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| The carrier recorded first quarter net loss of $80 million versus net income of $22 million in the same period last year, due to record fuel prices, which rose 53.2% in the first quarter compared with first quarter of last year. The management reported total quarterly revenues of $3.6 billion, an increase of 12.3% versus the same period in the past year, as a result of increased fuel surcharges on passenger tickets and cargo, international growth and modest fare increases. |
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Continental Airlines First Quarter Earnings Call
18th March 2008 00:00 AM |
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| The company posted the first quarter profit since 2001 of $22 million versus net loss of $66 million in the past year quarter. |
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| The world’s fifth largest carrier recorded a quarterly profit on the back of strong revenue growth, continued cost discipline and slight fuel price decrease. Despite the severe winter storms that reduced revenues by over $10 million, the company’s operating income rose from $11 million in the last year quarter to $64 million, an increase of 481.8%. The management expressed bullish sentiments, as the company moves into seasonally stronger quarters. |
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Continental Airlines Fourth Quarter Earnings Call
19th January 2008 00:00 AM |
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| Income was $24 million, up from a loss of $4 million realized in 2006 due to increased focus on cost reduction and revenue growth. |
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| The commercial airliner reported revenue of $3.5 billion, an increase of 12 % from $3.2 billion over the prior year as a result of growth in passenger revenue at a pace significantly greater than capacity growth, a testament to excellent pricing and revenue management, operational and marketing performance. Efficiency gains are to be achieved through replacing some of the older less fuel efficient aircrafts with new more fuel efficient 737-800 and 900 ERF aircraft throughout 2008. |
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Continental Airlines Second Quarter Earnings Call
21st August 2007 00:00 AM |
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| The net profit increased 15% from $198 million in the prior year to $228 million, on increase in the number of passengers. |
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| The company achieved good top-line growth, with passenger revenue increasing 5.2% to $3.4 billion. The strong international revenue growth, particularly in the trans-Atlantic market, contributed to the best second quarter pre-tax profit of $232 million that the company has recorded since 2000. With the substantial increase in the fuel pricing, Continental has hedged roughly 34% of its projected fuel requirements for the third quarter of 2007, and 13% for the fourth quarter of 2007. |
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