Continental earnings rise 45% per share in Q4

Reporting an increase in diluted earnings per share of some 45 percent, for the fourth quarter to US $0.61 Continental Airlines<.> said that the results were positive over US $0.42 the same quarter last year (both excluding special gains and charges). These results exceed the First Call consensus of US $0.58. Fourth quarter net income rose 31 percent to US $38 million, versus US $29 million in the fourth quarter of 1999 (both excluding special gains and charges). This marks the company`s 23rd consecutive profitable quarter.



Posting its sixth straight profitable year, Continental`s annual net income was US $342 million (US $5.45 diluted earnings per share), compared to US $338 million in 1999 (US $4.61 diluted earnings per share), excluding special gains and charges. This represents an 18 percent increase in diluted earnings per share year-over-year.

Theodore Koumelis

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Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

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