Continental’s Loss Narrows; Sales Up
From Bloomberg News
Continental Airlines Inc. said its fourth-quarter loss narrowed as sales rose more than expected.
The loss was trimmed to $109 million, or $1.67 a share, in the quarter from $149 million, or $2.58, a year earlier. Passenger revenue rose 16% to $1.89 billion, the Houston-based company said.
Shares of Houston-based Continental rose 20 cents to $9.10 on the NYSE.
