[CAL] Continental Airlines Inc

Symbol: CAL Last Price: 16.17 Change: +1.38 (+8.53%) Website: click here

- RPMs 22.0B v 22.1B y/y
- ASMs 26.9B v 26.4B y/y
- Load factor 81.7% v 83.5% y/y
- RASM 11.08 v 10.67 y/y
- CASM 12.45 v 10.82 y/y
- As of July 16, 2008, Continental had hedged approximately 63% of the company's projected consolidated fuel requirements for the Q3 and Q4 of 2008, and had hedged approximately 29% of its projected consolidated fuel requirements for the H1 of 2009.
- Announcing capacity reductions beginning in September 2008, which Continental expects will result in a 10% decline in domestic mainline capacity, a 15.4% decline in domestic mainline departures and a 6.7% decline in consolidated capacity in the fourth quarter 2008 compared to the same period 2007

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
  
• FR.FR Today 12:33pm
  Valeo SA CEO: Company is a consolidator, not a takeover target- If valuations remain low, company should make an acquisition this year.