Continental posts Q2 loss
Continental Airlines Inc posted a steeper second-quarter loss on Tuesday as the slump in business travel and fears about the H1N1 virus hurt revenue, and said it will cut its work force by 4 percent.
The airline also increased its domestic checked bag fee by $5, effective August 19, for those not prepaying online.
The net loss widened to $213 million, or $1.72 per share, from $5 million, or 5 cents per share, a year ago.
Excluding $44 million in special charges from the declining value of its aircraft, Continental lost $169 million, or $1.36 per share.
full article here
Continental Airlines Inc posted a steeper second-quarter loss on Tuesday as the slump in business travel and fears about the H1N1 virus hurt revenue, and said it will cut its work force by 4 percent.
The airline also increased its domestic checked bag fee by $5, effective August 19, for those not prepaying online.
The net loss widened to $213 million, or $1.72 per share, from $5 million, or 5 cents per share, a year ago.
Excluding $44 million in special charges from the declining value of its aircraft, Continental lost $169 million, or $1.36 per share.
full article here
