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

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

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

CONTINENTAL : says new bag fee to generate $100 million

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

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
Latest news on CONTINENTAL
10/19 CONTINENTAL : Patent Application Titled "Method for Controlling the Actuator of ..
10/19 CONTINENTAL : "Exhaust Gas Recirculation Valves for a Forced-Induction Internal ..
10/19 CONTINENTAL : "Method and Device for Detecting Auto-Ignitions in a Spark Ignitio..
10/19 CONTINENTAL : Patent Issued for Method for Making a Vehicle Tire (USPTO 9782943)
10/19 CONTINENTAL : Patent Issued for Latching Solenoid Exhaust Gas Recirculation Valv..
10/19 CONTINENTAL : Researchers Submit Patent Application, "Circuit Arrangement for Ch..
10/19 CONTINENTAL : Patent Application Titled "Method for Operating an Internal Combus..
10/18 CONTINENTAL : Autumn is Festival Season ContiTech Keeps Your Party Mood Uncloude..
10/13 CONTINENTAL : Record Numbers in Training Continental Is Training More People tha..
10/11 A COMMAND CENTER AT YOUR FINGERTIPS : Continental Develops Control Element for A..
More news
News from SeekingAlpha
10/12 RHEINMETALL : Business Separation Can Unlock Significant Value
10/10 BorgWarner Delivering The Content Growth
10/04 Buy Brembo For Growth
10/03 Oppenheimer International Growth Fund Inst (OIGYX) September Summary
09/20 Continental (CTTAY) Presents At Berenberg & Goldman Sachs Sixth German Corpor..
Financials (€)
Sales 2017 43 839 M
EBIT 2017 4 835 M
Net income 2017 3 171 M
Debt 2017 2 842 M
Yield 2017 2,18%
P/E ratio 2017 13,51
P/E ratio 2018 12,21
EV / Sales 2017 1,04x
EV / Sales 2018 0,95x
Capitalization 42 701 M
Duration : Period :
Continental Technical Analysis Chart | CON | DE0005439004 | 4-Traders
Technical analysis trends CONTINENTAL
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 221 €
Spread / Average Target 3,7%
EPS Revisions
Elmar Degenhart Chairman-Executive Board
Wolfgang W. Reitzle Chairman-Supervisory Board
Wolfgang Schäfer Head-Finance, Controlling, Compliance, Law & IT
Karsten Michels Head-Systems & Technology
Michael Iglhaut Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
CONTINENTAL17.61%50 315
DENSO CORP13.37%40 142
HYUNDAI MOBIS CO., LTD.--.--%21 341
VALEO12.62%17 208