23-Jul-2010 11:05 AM
Continental Airlines reports 19% increase in 2Q2010 net profit
Analysis
Continental Airlines reported a second quarter net profit of USD233 million, on a 19% increase in revenue to USD3.71 billion, matching analysts' forecasts. The company cited higher fares and fees for the increase in revenues. Executive Vice President and Chief Financial Officer, Zane Rowe reported EBITDAR margin, excluding special items, was 19% - the best result for the carrier since 2003.
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