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Old 18-10-2007, 14:40   #1
Dag Johnsen
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Location: Wheaton, IL
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Default Continental Airlines $241 Million Third Quarter Profit

Heisann!

Da starter jeg dagen med gode nyheter fra 3 kvartal!

Quote:
HOUSTON, Oct. 18, 2007 – Continental Airlines (NYSE: CAL) today reported third quarter 2007 net income of $241 million ($2.15 diluted earnings per share). Excluding a special charge of $12 million for pilot pension plan settlement charges, Continental recorded net income of $253 million ($2.25 diluted earnings per share), an improvement of 73 percent compared to the same period last year.

During the quarter, revenue grew 8.6 percent compared to the third quarter 2006, to a record $3.8 billion. Continental’s operating income increased 45.8 percent over the same period last year, to a third quarter record of $280 million.

“Our success is due to the hard work and dedication of my co-workers,” said Larry Kellner, Continental’s chairman and chief executive officer. “Their commitment to great service has enabled us to record the highest quarterly revenue in our company’s history.”

Through Sept. 30, 2007, the company has accrued $157 million for its current year profit sharing, a $59 million increase over the same nine-month period last year. The actual amount of profit sharing that the company will be able to distribute to employees in February 2008, could increase or decrease depending on the company’s fourth quarter financial results. Employees have also benefited from stock option appreciation. At yesterday’s closing stock price of $36.23 per share, the realized and unrealized gains from their options were approximately $200 million.
Dag
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