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    CON   DE0005439004

CONTINENTAL (CON)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

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 CEST

CHICAGO (Reuters) - 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
05/25TOC EUROPE 2018 : Continental is Introducing Port Plus Compound for Port Tires P..
AQ
05/24TOC EU­ROPE 2018 : Continental is In­tro­duc­ing Port Plus...
PU
05/24Trump asks to consider potential national security investigation into automob..
AQ
05/24Trump asks to consider potential national security investigation into automob..
AQ
05/17CONTINENTAL : Increases Stake in DigiLens
DJ
05/15CHEERS TO THE WATER OF LIFE : International Whisky Day is celebrated around the ..
AQ
05/11PSA's Opel suspends staff buyouts after wave of departures
RE
05/08CONTINENTAL : says is on track to reach 2018 targets after first quarter
RE
05/08CONTINENTAL : Organic sales growth of 4.3 percent to €11.0 billion.
PU
05/08CONTINENTAL : 1Q Profit Fell After Currency Hit
DJ
More news
News from SeekingAlpha
05/22Valeo In A Lull, But Bringing In The Orders 
05/15COBOTS : The PCs Of The Robot Era 
05/14TESLA : The Imperative For A China Plant 
05/08Continental reports Q1 results 
03/08Maxwell Shareholders Could Finally See Some Rewards For Their Patience 
Financials (€)
Sales 2018 46 252 M
EBIT 2018 4 935 M
Net income 2018 3 261 M
Debt 2018 2 763 M
Yield 2018 2,24%
P/E ratio 2018 13,56
P/E ratio 2019 12,19
EV / Sales 2018 1,02x
EV / Sales 2019 0,88x
Capitalization 44 281 M
Chart CONTINENTAL
Duration : Period :
Continental Technical Analysis Chart | CON | DE0005439004 | 4-Traders
Technical analysis trends CONTINENTAL
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 247 €
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Elmar Degenhart Chairman-Executive Board
Wolfgang W. Reitzle Chairman-Supervisory Board
Wolfgang Schäfer Head-Finance, Controlling, Compliance, Law & IT
Michael Iglhaut Member-Supervisory Board
Dirk Nordmann Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
CONTINENTAL-0.47%51 845
DENSO CORP-20.25%40 103
APTIV15.15%25 863
MAGNA INTERNATIONAL INC.17.91%23 066
HYUNDAI MOBIS CO., LTD.--.--%21 613
VALEO-5.57%15 887