CO lost $1.5Million/day in January
Feb 11, 2005, 4:03 pm
#1
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CO lost $1.5Million/day in January
http://money.cnn.com/2005/02/11/news...tinental.reut/
WASHINGTON (Reuters) - Continental Airlines Inc. Chief Executive and Chairman Larry Kellner told employees Friday that the company's losses totaled more than $1.5 million per day in January.
WASHINGTON (Reuters) - Continental Airlines Inc. Chief Executive and Chairman Larry Kellner told employees Friday that the company's losses totaled more than $1.5 million per day in January.
Feb 11, 2005, 6:04 pm
#2
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Continental and Fuel Hedge
Originally Posted by tcook052
http://money.cnn.com/2005/02/11/news...tinental.reut/
WASHINGTON (Reuters) - Continental Airlines Inc. Chief Executive and Chairman Larry Kellner told employees Friday that the company's losses totaled more than $1.5 million per day in January.
WASHINGTON (Reuters) - Continental Airlines Inc. Chief Executive and Chairman Larry Kellner told employees Friday that the company's losses totaled more than $1.5 million per day in January.
Jiburi
Feb 11, 2005, 7:06 pm
#3
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Gordo brought up hedging in his final call a few months back. It isn't going to happen for any of the majors....Takes cash to do it. Majors have little to spare.
Southwest is the only airline with enough money to get good hedges in place....And they have !!! Apparently Southwest has all of it's fuel hedged at great prices through the remainder of '05, and about half in '06 already hedged in place.
Southwest is the only airline with enough money to get good hedges in place....And they have !!! Apparently Southwest has all of it's fuel hedged at great prices through the remainder of '05, and about half in '06 already hedged in place.
Feb 11, 2005, 7:08 pm
#4
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It was actually worse than mentioned in the OP:
CO lost $98 million in January before the effect of an extrordinary gain. $3.1 million/day. Ouch.
The first quarter is gonna be ugly for all.
CO lost $98 million in January before the effect of an extrordinary gain. $3.1 million/day. Ouch.
The first quarter is gonna be ugly for all.
Feb 11, 2005, 7:12 pm
#5
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Originally Posted by climmy
Southwest is the only airline with enough money to get good hedges in place....And they have !!! Apparently Southwest has all of it's fuel hedged at great prices through the remainder of '05, and about half in '06 already hedged in place.
Although we are 85 percent hedged in first quarter 2005 with prices capped at $26 per barrel, based on current market conditions, we presently expect first quarter 2005 average jet fuel cost per gallon to exceed fourth quarter 2004's 89.1 cents. We are 85 percent hedged for the remainder of 2005 with prices capped at $26 per barrel; 65 percent in 2006 at $32 per barrel; over 45 percent in 2007 at $31 per barrel; 30 percent in 2008 at $33 per barrel; and over 25 percent in 2009 at $35 per barrel.
At this rate, Southwest may be able to weather the storm that threatens to sink most others into Ch 11 (or worse).
Feb 11, 2005, 7:24 pm
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and worse, CO and the others recorded fantastic load factors, thus, their yields must truly stink...
Feb 11, 2005, 7:29 pm
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Continental continued to :-: enhance :-: its fuel efficient fleet, taking delivery of 11 Boeing 737-800s and five Boeing 757-300s, and retiring the last of its MD-80 aircraft.
Feb 11, 2005, 7:55 pm
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Originally Posted by snake
... but guzzle 19% of the company's precious fuel.
Feb 11, 2005, 8:11 pm
#9
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Originally Posted by entropy
and worse, CO and the others recorded fantastic load factors, thus, their yields must truly stink...
Feb 11, 2005, 8:15 pm
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Originally Posted by J.Edward
Really? I was under the impression that the ERJs were quite fuel-efficient. Am I mistaken?
Feb 11, 2005, 8:37 pm
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Originally Posted by J.Edward
Really? I was under the impression that the ERJs were quite fuel-efficient. Am I mistaken?
Feb 11, 2005, 8:45 pm
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Co loss would have been $3M per day, but it was softened by a gain on the contribution of Express Jet Holdings shares to its defined pension plan.
http://www.marketwatch.com/news/yhoo...26638A0D4F4%7D
This article was also corrected. Apparently there were rumors of CO cancelling its order of 10 new Boeing jets (I assume the 7E7's).
http://www.marketwatch.com/news/yhoo...26638A0D4F4%7D
This article was also corrected. Apparently there were rumors of CO cancelling its order of 10 new Boeing jets (I assume the 7E7's).
Last edited by cova; Feb 11, 2005 at 8:51 pm
Feb 11, 2005, 9:30 pm
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Originally Posted by cova
Co loss would have been $3M per day, but it was softened by a gain on the contribution of Express Jet Holdings shares to its defined pension plan.
http://www.marketwatch.com/news/yhoo...26638A0D4F4%7D
This article was also corrected. Apparently there were rumors of CO cancelling its order of 10 new Boeing jets (I assume the 7E7's).
http://www.marketwatch.com/news/yhoo...26638A0D4F4%7D
This article was also corrected. Apparently there were rumors of CO cancelling its order of 10 new Boeing jets (I assume the 7E7's).
Feb 11, 2005, 9:54 pm
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XJT had a 52 week range of 9.49 - 14.35. There was a sell off just after Jan 1st when it was at 13, before falling down to 11. Maybe they bought low and sold high - as the saying goes.
Feb 12, 2005, 1:17 pm
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I want to know why CO still has so many 737NG's on order...
they aren't pulling that many 752's for international service.. you'd think they would try to convert the orders to 777....
they aren't pulling that many 752's for international service.. you'd think they would try to convert the orders to 777....