Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

Real-time Quote. Real-time Tradegate - 07/30 03:59:58 pm
203.691 EUR   -0.54%
07/28 CONTINENTAL : “We see what you don’t see” – ..
07/27 CONTINENTAL : IAA 2015: From R&D on to the Road
News SummaryMost relevantAll newsSector news 

CONTINENTAL : says new bag fee to generate $100 million

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

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)

React to this article
Latest news on CONTINENTAL AG
07/28 CONTINENTAL : “We see what you don’t see” – automated pa..
07/27 CONTINENTAL : IAA 2015: From R&D on to the Road
07/24 CONTINENTAL : Federal Contracts Awarded to Companies in Ohio (July 24)
07/24 CONTINENTAL : MILITARY $283,656 Federal Contract Awarded to Veyance Technologies
07/23 CONTINENTAL : trials first car tires with Taraxagum
07/23 CONTINENTAL : Conti.eContact specially developed for hybrid vehicles scores A/A ..
07/23 CONTINENTAL : Drive specialists from Continental present innovations at Eurobike
07/23 CONTINENTAL : Minimizing Driver Distraction: Driver Focus Vehicle from Continent..
07/23 CONTINENTAL : Lifting the capabilities of hose manufacturer
Duration : Period :
Continental AG Technical Analysis Chart | CON | DE0005439004 | 4-Traders
Income Statement Evolution
More Financials