Continental Airlines yesterday reported a third-quarter net loss of US$236 million, reversed from a US$241 million profit a year earlier. The carrier also announced that it has pushed back delivery of 18 aircraft scheduled to arrive over the next two years. CO’s third-quarter revenue increased 8.8 per cent year-over-year to US$4.2 billion while expenses jumped 21.7 per cent to US$4.3 billion including a 67.7 per cent leap in fuel costs to US$1.5 billion, producing an operating loss of … [Read more...] about Americas : Continental slides into the red, defers deliveries
Continental Airlines
Americas: Continental cashes in on bag-check fees
Continental Airlines said recently it expects to see US$100 million in revenue and cost savings related to a new US$15 dollar bag-check fee. The fourth-largest US airline also said it is comfortable with its bookings over the next six weeks. The outlook, which was issued in a government filing, came as experts speculate on how massive capacity cuts, fare increases and unpopular fees will impact travel demand. Continental introduced the fee to check a single bag last week, matching those … [Read more...] about Americas: Continental cashes in on bag-check fees
