Continental's Profits Taking Off ; New Routes, Newark Traffic Help Boost Earnings to $198m

Summary


Continental Airlines earned $198 million in the second quarter, nearly doubling the profit from the same quarter last year as more people flew despite higher fares.

The Houston-based carrier, which has lost money in four of the past five years, was boosted by new routes from Newark to Barcelona, Cologne and Copenhagen.

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Continental's Profits Taking Off ; New Routes, Newark Traffic Help Boost Earnings to $198m

"The results prove that our plan is working," said company President Jeff Smisek, during an earnings conference call.

Continental is the third major...

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