CO September Performance
Oct 4, 2005 | 5:43 pm
#1
Original Poster
Join Date: Mar 2003
Location: Galveston, TX, USA
Programs: CO, CO PC, NW, HHonors, Hertz Gold, Marriott
Posts: 357
CO September Performance
Looks like a modest profit for 3Q as well, whenever they decide to release those numbers.
News Release
News Release
Oct 4, 2005 | 6:13 pm
#2
Join Date: Mar 1999
Location: Nashville
Programs: United 1K
Posts: 2,265
CO says the hurricanes cost them $25 million in profit.
Oct 4, 2005 | 6:50 pm
#3
Join Date: Sep 2003
Posts: 661
I can see it now....
"Continental realized a modest profit for the 3rd quarter thanks soley to the sacrifices made by all of it's employee groups EXCEPT the Flight Attendants earlier this year."
Sorry to be a spoiler.
"Continental realized a modest profit for the 3rd quarter thanks soley to the sacrifices made by all of it's employee groups EXCEPT the Flight Attendants earlier this year."
Sorry to be a spoiler.
Oct 4, 2005 | 10:14 pm
#4
FlyerTalk Evangelist
Join Date: Feb 2002
Location: San Francisco/Tel Aviv/YYZ
Programs: CO 1K-MM
Posts: 10,863
WEll, IIRC, the F/A package was around $75 million or so, so for the entire year, CO would just about break even if they had gotten it.
Oct 5, 2005 | 7:44 am
#5
Join Date: Oct 1999
Location: Southwest Desert, under a rock, watch out! ~~~~~~~~~~~~~~~~<" You can get there, but it's gonna cost you!
Programs: Previously NonePass, now UA 1K (*Enhanced*)
Posts: 4,248
The bean counters are gonna getcha!
Originally Posted by mywifeisincoach
I can see it now....
"Continental realized a modest profit for the 3rd quarter thanks soley to the sacrifices made by all of it's employee groups EXCEPT the Flight Attendants earlier this year."
Sorry to be a spoiler.
"Continental realized a modest profit for the 3rd quarter thanks soley to the sacrifices made by all of it's employee groups EXCEPT the Flight Attendants earlier this year."
Sorry to be a spoiler.
You guys are already fingered in the SEC Filings, along with high fuel costs, pension liabilities, low fare competition, and of course, evil taxes:
Risk Factors Relating to the Company
Primarily due to record-high fuel prices and the continued weak domestic fare environment, the current U.S. domestic network carrier financial environment continues to be poor and could deteriorate further. Among the many factors that threaten Continental are the continued rapid growth of low-cost carriers and resulting downward pressure on domestic fares, high fuel costs, high labor costs for its flight attendants, excessive taxation, increased security costs and significant pension liabilities. These factors are discussed in the Overview section of Managements Discussion and Analysis of Financial Condition and Results of Operations in Continentals 2004 Form 10-K/ A.
Primarily due to record-high fuel prices and the continued weak domestic fare environment, the current U.S. domestic network carrier financial environment continues to be poor and could deteriorate further. Among the many factors that threaten Continental are the continued rapid growth of low-cost carriers and resulting downward pressure on domestic fares, high fuel costs, high labor costs for its flight attendants, excessive taxation, increased security costs and significant pension liabilities. These factors are discussed in the Overview section of Managements Discussion and Analysis of Financial Condition and Results of Operations in Continentals 2004 Form 10-K/ A.