- Observes business travel budgets flat.
- Company currently focusing on increasing their cash holdings.

Other headlines for [CAL]

• Yesterday 08:18am
  Moody's: Expects Negative Outlook For The Global Airline Industry- The outlook for the global airline industry remains negative, based on the view that a weaker demand environment and fuel prices more...
  
• CAL 12/2/2008 09:56am
  Continental Airlines Inc Laderman: Guides Nov load factor flat- Expects to see international business class numbers as 'soft' - Note: Earlier provided Nov matrix Nov load factor of 77.3% v 79% M/M, -2.8% y/y
  
• CAL 12/1/2008 06:45pm
  Continental Airlines Inc Reports Nov load factor of 77.3% v 79% M/M, -2.8% y/y;- RPM: 6.6B v 7.1B m/m; 7.3B (-10.5%) y/y - ASM: 8.5B v 9.B m/m; 9.2B (-7.3%) y/y
  
• 11/26/2008 08:46pm
  WSJ reports that airlines are mulling flight cancellations in India to protect passengers- Delta canceled a Thursday India flight and the company is reviewing whether to cancel more flights. - more...
  
• 11/12/2008 02:19pm
  Hearing Airline sector defended at UBS (timing uncertain)
  

Industrials sector headlines

• WAT Today 08:17am
  Waters Corp Price target cut to $50 from $62 at Merrill Lynch
  
• PLL Today 08:16am
  Pall Corp Price target cut to $32 from $36 at Merrill Lynch
  
• MTD Today 08:16am
  Mettler-Toledo International I Price target cut to $95 from $111 at Merrill Lynch
  
• CMI Today 08:02am
  Cummins Inc To cut at least 500 jobs (about 3.5% of workforce); cites global slowdown- Reduction by end of the year; cites deterioration in US economy and many other key markets - Decided to offer voluntary more...
  
• SON Today 08:00am
  Sonoco Products Co Cuts Q4 EPS $0.48-0.52 v $0.60e ($0.60-0.64 prior), FY08 EPS $2.23-2.27 v $2.36e ($2.36-2.40 prior)- Guides FY09 EPS $1.95-2.05 v $2.43e - Plans on closing 15 plants internationaly - Spending cuts more...