Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

CONTINENTAL : says new bag fee to generate $100 million

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/11/2008 | 04:10pm CET

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)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CONTINENTAL AG
12/02 SWARM INTELLIGENCE FOR MOTORCYCLES : Continental Brings eHorizon to Two-Wheelers
12/01 CONTINENTAL AG WEBCAST PRESENTATION : dbVIC - Deutsche Bank ADR Virtual Investo..
11/30 CONTINENTAL : Assisted and Automated Driving are paving the way to put road acci..
11/28 CONTINENTAL : Infotainment Platform Available in Peugeot, Citroën and DS Models ..
11/25 WORKING AS A TRUCKER : Day-to-Day Mixture of Dream Job and Self-Exploitation
11/22 CONTINENTAL : operating earnings drop in third quarter
11/22 CONTINENTAL : Wireless Connectivity for E-Class Drivers
11/21 COMPETITION, COST PRESSURE, SCARCE F : Challenging Conditions for the Logistics ..
11/17 CONTINENTAL : Federal Contracts Awarded by Federal Agencies in Michigan (Nov. 17..
11/17 CONTINENTAL : MILITARY $2.07 Million Federal Contract Awarded to Veyance Technol..
More news
Sector news : Auto, Truck & Motorcycle Parts - NEC
12/01 As Trump touts Indiana jobs deal, U.S. factory work seeps overseas
11/29DJIntel Recruits ARM Executive Thomas Lantzsch to Head Connected Device Effort
11/29DJSamsung Tries to Appease Investors But Delays Big Changes
11/29DJSamsung Electronics Says It Will Consider Restructuring
11/15DJSAMSUNG ELECTRONICS : to Buy Auto-Parts Supplier Harman for $8 Billion -- 2nd Up..
More sector news : Auto, Truck & Motorcycle Parts - NEC
News from SeekingAlpha
11/11 Continental AG ADR 2016 Q3 - Results - Earnings Call Slides
11/11 Continental's (CTTAY) CEO Ralf Cramer on Q3 2016 Results - Earnings Call Tran..
11/10 Continental reports Q3 results
10/31 ORION ENGINEERED CARBONS : Solid Play On A Niche Market
09/22 Ongoing Outperformance At Valeo Continues To Build Value
Advertisement
Financials (€)
Sales 2016 40 545 M
EBIT 2016 4 260 M
Net income 2016 2 841 M
Debt 2016 3 067 M
Yield 2016 2,44%
P/E ratio 2016 11,66
P/E ratio 2017 10,34
EV / Sales 2016 0,89x
EV / Sales 2017 0,82x
Capitalization 33 141 M
More Financials
Chart CONTINENTAL AG
Duration : Period :
Continental AG Technical Analysis Chart | CON | DE0005439004 | 4-Traders
Full-screen chart
Technical analysis trends CONTINENTAL AG
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 200 €
Spread / Average Target 21%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Elmar Degenhart Chairman-Executive Board
Wolfgang W. Reitzle Chairman-Supervisory Board
Wolfgang Schäfer Head-Finance & Controlling
Karsten Michels Head-Systems & Technology
Michael Iglhaut Member-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CONTINENTAL AG-26.21%35 331
DENSO CORP-14.39%34 358
HYUNDAI MOBIS CO., LTD..--.--%20 939
DELPHI AUTOMOTIVE PLC-25.67%17 258
MAGNA INTERNATIONAL IN..1.25%16 166
VALÉO10.59%13 308
More Results