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Continental releases investor update with 2Q2010 guidance

22-Jun-2010 12:47 PM

Continental Airlines released (21-Jun-2010) its investor update with information on the carrier's guidance for 2Q2010 and FY2010 including:

  • Advanced Booked Seat Factor (percentage of available seats sold): For the 2Q2010, Continental expects both its consolidated and mainline load factors to be up about 1.5 points year-over-year compared with the same period in 2009;
  • Unrestricted Cash, Cash Equivalents and Short-Term Investments Balance: Expects to end the 2Q2010 with a balance of approximately USD3.5 billion. [more]