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After 14 months of passenger revenue decline, the Air Transport Association (ATA) announced that "a sampling" of U.S. carriers showed an increase of 1.4% in January compared to a year earlier. The ATA stated that roughly 0.4% fewer passengers traveled on U.S. airlines in January, the average price to fly a mile increased 0.6% - marking the first increase since November 2008.

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Passenger Revenue Increases for Airlines, First in 14 Months originally appeared on BloggingStocks on Wed, 24 Feb 2010 16:25:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>air carriersAirCarriersairlinesinthenewsunited airlinesUnitedAirlinesWed, 24 Feb 2010 16:25:00 EST<![CDATA[Continental Airlines posts a first-quarter loss, but tops expectations]]>http://www.bloggingstocks.com/2009/04/22/continental-airlines-posts-a-first-quarter-loss-but-tops-expect/http://www.bloggingstocks.com/2009/04/22/continental-airlines-posts-a-first-quarter-loss-but-tops-expect/http://www.bloggingstocks.com/2009/04/22/continental-airlines-posts-a-first-quarter-loss-but-tops-expect/#commentsFiled under: ,

It was a rough first quarter for Continental Airlines (NYSE: CAL), as the air carrier announced that it lost $136 million thanks to falling traffic. In addition, CAL saw a large amount of business travelers switching out of first class to save a few bucks in coach. During the quarter, CAL lost $1.10 per share. Excluding charges, CAL would have lost $1.07 per share. While the loss was larger than last year's first-quarter loss of 82 cents per share, CAL did manage to beat the Street's expected loss of $1.19 per share.

Quarterly revenue dropped to $3 billion from $3.57 billion last year, slightly higher than the expected $2.98 billion. CAL saw sales drop across all regions, with the U.S. and trans-Atlantic routes falling the most. CAL saw traffic drop 11.2% compared to a year ago, with empty planes outweighing the flights CAL cut. The company noted that it was helped by dropping fuel prices, as it spent nearly 42% less on fuel compared to a year ago.

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Continental Airlines posts a first-quarter loss, but tops expectations originally appeared on BloggingStocks on Wed, 22 Apr 2009 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>air carriersAirCarriersairline industryAirlineIndustryairlinescalcontinental airlinesContinentalAirlinesearningsearnings reportsEarningsReportsinthenewsWed, 22 Apr 2009 10:30:00 EST