[CAL] Continental Airlines Inc

Symbol: CAL Last Price: 16.12 Change: +1.33 (+8.25%) Website: click here

-Reminder capacity reductions are not new (see our research notes) CAL did NOT state if this will be the only charge for Q2 (since it is so small)
-Also interesting Continental will also take a $29M charge due to reduced value in student loan auction rate securities which CAL states have been "illiquid" CAL holds about $300M in such investment securities.

Other headlines for [CAL]

• DAL Today 12:42pm
  Delta Air Lines Inc Update: Lehman makes positive comments on airline sector, citing delcine in oil price- Lehman says DAL, JBLU, UAUA, CAL, and ALK have compelling upside despite the recent run up in the stocks
  
•  8/26/2008 03:21pm
  FAA is reporting a computer failure in the system that processes flight plans in Eastern US - CNN- Problem is affecting flights nationwide and causing delays in major US airports; notes it has not more...
  
• CAL 8/20/2008 12:24pm
  Continental Airlines Inc Merrill raises CAL to Buy from Neutral, price target $22 (timing uncertain)- Price target raised to $22 from $14
  
• CAL 8/13/2008 10:32am
  Continental Airlines Inc Announces schedule for New York-Shanghai service and opens flights for sale- Co. today announced that it will launch daily nonstop flights between its New York area hub at Newark Liberty more...
  
• CAL 8/12/2008 04:45am
  Continental Airlines Inc JPMorgan Raised CAL to Overweight from Underweight
  

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• DAL Today 12:42pm
  Delta Air Lines Inc Update: Lehman makes positive comments on airline sector, citing delcine in oil price- Lehman says DAL, JBLU, UAUA, CAL, and ALK have compelling upside despite the recent run up in the stocks