CSFB cuts Continental Air EPS view

Credit Suisse First Boston said on Friday it had lowered its 2001 and 2002 earnings per share estimates for Continental Airlines (NYSE:CAL - news) due to pressure on business travel revenues and a possible rise in labor costs for the nation's No. 5 air carrier.

The brokerage said in a research it lowered its 2002 earnings projection to $5.50 a share from $6, and cut the 2001 estimate to $3.25 from $5.
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