Member access

4-Traders Homepage  >  Shares  >  Xetra  >  Continental AG    CON   DE0005439004

CONTINENTAL AG (CON)

105
End-of-day quote. End-of-day quote Xetra - 07/23
168 EUR   +1.57%
8h ago CONTINENTAL : Electric Parking Drum Brake for Compact Cars Developed
1d ago CONTINENTAL : Further Than the Eye Can See
1d ago CONTINENTAL : Presents Combiner Head-up Display
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

CONTINENTAL : says new bag fee to generate $100 million

09/11/2008 | 10:10am US/Eastern
Recommend:
0

Continental Airlines on Thursday said it expects to see $100 million in revenue and cost savings related to a new $15 dollar fee to check a single bag.

The airline introduced the fee last week, matching those implemented by rivals this year as carriers attempt to offset skyrocketing fuel bills. Continental said in a government filing that the $100 million would be generated through the new revenue as well as cost savings, such as savings associated with not having to check as many bags.

Continental's shares rose 95 cents, or nearly 6 percent, to $17.02 in morning New York Stock Exchange trading.

Continental, which plans to trim its domestic mainline capacity 11 percent in the fourth quarter, said it expects its domestic mainline capacity to be down 2.9 percent in the third quarter.

The airline said it is comfortable with its forward bookings over the next six weeks. Consolidated domestic bookings for the coming six weeks were about 2 percentage points higher than last year, Continental said.

The airline said it has hedged about 53 percent of its expected consolidated fuel needs for the third quarter.

The company expects to end the third quarter with about $2.8 billion in cash and short-term investments.

(Reporting by Kyle Peterson, editing by Maureen Bavdek)

Recommend :
0
React to this article
Latest news on CONTINENTAL AG
8h ago CONTINENTAL : Electric Parking Drum Brake for Compact Cars Developed
1d ago CONTINENTAL : Further Than the Eye Can See
1d ago CONTINENTAL : Presents Combiner Head-up Display
2d ago CONTINENTAL : AR-HUD – Technology for a Dialog Without Words
5d ago CONTINENTAL : invites strategic suppliers to Supplier Day 2014 (Focus on innovat..
07/16 CONTINENTAL : Tyres to Roll Out At GTEA Again As Plant Set for Revival
07/15 CONTINENTAL : Turbocharger with Aluminum Turbine Housing in Cars
07/14 CONTINENTAL : Gives First Look at Augmented Reality Head-Up Display for Improved..
07/11 German-U.S. car parts tie-up could spark more deals -analysts
07/10 CONTINENTAL : Uses Tire Expertise to Create Limited Editions with Special Produc..
Advertisement
Chart
Duration : Period :
Continental AG Technical Analysis Chart | CON | DE0005439004 | 4-Traders
Income Statement Evolution
Continental AG : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF