Texas Air posted a loss of $27...

Texas Air posted a loss of $27 million for the second quarter, down from a loss of $66.2 million. The Houston company said operating profit was $108.9 million. The company said it was encouraged with the progress at Eastern Air Lines, but that results at Continental are disappointing. Continental posted a loss of $71.1 million for the latest quarter, while Eastern posted a net income of $27.1 million for the same period.