Reply #22: Welcome ret5hd. Thanks for posting this. It's always a bit scary to read [View All]

[54anickel]

about companies (especially airlines!) making cuts in maintenance areas to survive. Look like Continental is hurting quite a bit as well.

Continental warns of ‘significant’ loss
http://news.ft.com/cms/s/4b89caf4-21bf-11d9-8c55-00000e2511c8.html


Continental Airlines warned on Tuesday that it expected to make “a significant loss” both this year and in 2005 “unless the current environment improves”, as it struggles to cope with high fuel prices and low yields.

The US airline fell to a net loss of $16m in the third quarter, traditionally its strongest three months of the year, from a net profit of $133m a year ago in the face of surging oil prices and continuing tough competition from low cost carriers.

Its net loss in the first nine months rose to $157m from $9m a year ago.

The group is moving additional capacity into international markets in particular on to its North Atlantic, Latin American and Pacific routes to offset the continuing losses in the domestic US market.

more...