Business News
Skies remain red for Continental Airlines
Jul 21, 2009, 11:53 GMT
New York - US air carrier Continental Airlines reported Tuesday that it continued to operate in the red in the second quarter, with the poor economy and swine flu fears hitting passenger numbers.
The Houston, Texas-based airline said it lost 213 million dollars in the quarter, compared with red-ink of 5 million dollars a year earlier.
The losses came amid a 23 per cent plunge in revenues, to 3.1 billion dollars.
Continental said that the losses came despite some easing of fuel prices. The airline now plans to slash a further 1,700 jobs from its payroll.
COMMENT
blog comments powered by DisqusLatest Headlines in Business
- 1. US unemployment drops further, but figures disappoint
- 2. Japan stocks down as euro debt outweighs positive US data
- 3. Iraq resumes oil flow after pipeline blast in Turkey
- 4. Spanish bond auction lifts eurozone worries, sinks Japan stocks
- 5. ECB holds rates, rules out early exit from emergency measures
Older Talkback
