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
12:34p CONTINENTAL : MILITARY $883,607 Federal Contract Awarded to Veyance Technologies
03/21 CONTINENTAL : Claudia Lademann-Fleger to Head Up Communications at ContiTech; In..
03/20 CONTINENTAL : to Present at the dbVIC - Deutsche Bank ADR Virtual Investor Confe..
03/18 CONTINENTAL : Federal Contracts Awarded to Companies in Ohio (March 18)
03/18 CONTINENTAL : Federal Contracts Awarded by Federal Agencies in Michigan (March 1..
03/18 CONTINENTAL : MILITARY $12.16 Million Federal Contract Awarded to Veyance Techno..
03/17 Watercooled Aluminium Turbocharger Market 2017 - BYD, Volvo, BorgWarner Inc.,..
03/16 International companies to host live webcasts at Deutsche Bank's Depositary R..
03/16 CONTINENTAL : MILITARY $25,560 Federal Contract Awarded to Veyance Technologies
03/16 Dual Turbocharger Market 2017 - BorgWarner Inc., BYD, Bosch-Mahle, Continenta..
More news
Sector news : Auto, Truck & Motorcycle Parts - NEC
09:55aDJCUMMINS : Randall & Quilter Acquires Captive Insurer ICDC
03/17DJJOHNSON CONTROLS INTERNATIONAL : 3M Adds To Safety Business With Deal -- WSJ
03/16DJJOHNSON CONTROLS INTERNATIONAL : 3M Buys Personal-Safety Unit from Johnson Contr..
03/16 3M to buy Johnson Controls' safety gear business for $2 billion
03/15 Intel bets on selling Mobileye data, with maps a first test
More sector news : Auto, Truck & Motorcycle Parts - NEC
News from SeekingAlpha
03/02 Continental's (CTTAY) CEO Elmar Degenhart on Q4 2016 Results - Earnings Call ..
03/02 Continental AG ADR 2016 Q4 - Results - Earnings Call Slides
03/02 Continental reports FY results
01/25 Multiple Headwinds To Pressure Tire Manufacturers
2016 Mega Trends Driving Automotive OEM - Part 1
Advertisement
Financials (€)
Sales 2017 43 106 M
EBIT 2017 4 770 M
Net income 2017 3 148 M
Debt 2017 2 468 M
Yield 2017 2,37%
P/E ratio 2017 12,34
P/E ratio 2018 11,27
EV / Sales 2017 0,96x
EV / Sales 2018 0,88x
Capitalization 38 931 M
More Financials
Chart CONTINENTAL AG
Duration : Period :
Continental AG Technical Analysis Chart | CON | DE0005439004 | 4-Traders
Full-screen chart
Technical analysis trends CONTINENTAL AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 205 €
Spread / Average Target 5,3%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Elmar Degenhart Chairman-Executive Board
Wolfgang W. Reitzle Chairman-Supervisory Board
Wolfgang Schäfer Head-Finance, Controlling, Compliance, Law & IT
Karsten Michels Head-Systems & Technology
Michael Iglhaut Member-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CONTINENTAL AG7.40%42 099
JOHNSON CONTROLS INTER..0.46%38 844
DENSO CORP-0.30%37 179
HYUNDAI MOBIS CO., LTD..--.--%21 962
DELPHI AUTOMOTIVE PLC16.05%21 025
MAGNA INTERNATIONAL IN..-3.42%16 244
More Results