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 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 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
01/14 CONTINENTAL : teams up with Nexteer for motion control systems
01/12 CONTINENTAL : Trademark Application for "SCOOPMASTER" Filed by Continental AG
01/12 CONTINENTAL : An Application for the Trademark "UNDERGROUNDMASTER" Has Been File..
01/12 CONTINENTAL : Trademark Application for "EM-MASTER" Filed
01/11 NEXTEER AUTOMOTIVE : to form joint venture with Continental AG
01/10 SMART CITIES : Continental Invests in Urban Software Institute GmbH
01/09DJCONTINENTAL : Targets Higher Sales But Moderate Margin Growth in 2017
01/09 ANNUAL TARGETS COMFORTABLY ACHIEVED : Continental Continues Its Growth
01/09 DGAP-NEWS : Jahresziele sicher erreicht: Continental setzt Wachstumskurs fort
01/09 DGAP-NEWS : Annual Targets Comfortably Achieved: Continental Continues Its Growt..
More news
Sector news : Auto, Truck & Motorcycle Parts - NEC
01/19 Takata bidders plan court-led turnaround for Japan business
01/19 Takata bidders plan court-led turnaround for Japan business - source
01/13 Takata shares surge on news of settlement for U.S. govt air bag probe
01/12 MAGNA INTERNATIONAL : to build car paint shop in Slovenia, create 400 jobs
01/09DJDELPHI AUTOMOTIVE : Car Suppliers Vie for Major Role in Self-Driving Boom
More sector news : Auto, Truck & Motorcycle Parts - NEC
News from SeekingAlpha
2016 Mega Trends Driving Automotive OEM - Part 1
2016 GOODYEAR TIRE & RUBBER : Buyers Beware
2016 Continental AG ADR 2016 Q3 - Results - Earnings Call Slides
2016 Continental's (CTTAY) CEO Ralf Cramer on Q3 2016 Results - Earnings Call Tran..
2016 Continental reports Q3 results
Advertisement
Financials (€)
Sales 2016 40 494 M
EBIT 2016 4 206 M
Net income 2016 2 792 M
Debt 2016 3 445 M
Yield 2016 2,15%
P/E ratio 2016 13,37
P/E ratio 2017 11,70
EV / Sales 2016 1,00x
EV / Sales 2017 0,92x
Capitalization 37 241 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
TrendsNeutralNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 200 €
Spread / Average Target 7,3%
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 AG2.78%40 324
JOHNSON CONTROLS INTER..4.15%40 243
DENSO CORP-0.45%34 712
HYUNDAI MOBIS CO., LTD..--.--%23 081
DELPHI AUTOMOTIVE PLC4.91%19 503
MAGNA INTERNATIONAL IN..-3.30%16 312
More Results