Update 1: Continental Posts $16M Third-Quarter Loss
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Continental Airlines Inc. reported a $16 million third-quarter loss on Tuesday, including $22 million in special charges related to retirement of leased MD-80 aircraft, and said it expects to report losses in 2004 and in 2005 unless conditions improve.
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US Airways Group  posted a quarterly loss on Thursday, hurt by soaring fuel costs that have battered the airline industry.
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American Airlines&#39; parent AMR Corp. (AMR.N: Quote, Profile, Research) on Wednesday posted a third-quarter loss as record-high oil prices battered its bottom line and threatened to make fourth-quarter losses even larger.
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MONTREAL: The global airline industry stands to incur losses of between $US3 billion ($NZ4.6 billion) and $US4 billion this year as surging oil prices wipe out any hope of profit created by rising passenger traffic, the International Air Transport
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The company said its net loss in the fiscal third quarter ended Dec. 1 was $84.8 million, or 12 cents a share, compared with a net profit of $1.1 million.
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Continental Airlines Inc.  on Thursday said failure to achieve &#36;500 million in annual wage reductions by Feb. 28 could result in "inadequate liquidity," sending its shares spiraling down.
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Sprint Corp. (FON.N: Quote, Profile, Research) on Tuesday reported a larger third-quarter loss due to a $3.5 billion write-down in the value of its long-distance assets.
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Countrywide Financial Corp , the largest U.S. mortgage lender, posted a $1.2 billion third-quarter loss on Friday, hurt by write-downs as the U.S. housing market deteriorated.
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ATLANTA - Delta Air Lines is reporting a much wider third-quarter loss despite a rise in revenue. The Atlanta-based airline warned Wednesday that its financial situation has worsened to the point that it needs
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Continental Airlines CAL.N on Tuesday  posted a third-quarter loss, reversing a year-earlier profit,  as it was hurt by record-high fuel prices and a one-time charge  for retiring some aircraft.
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October 22, 2004 4:43 PM GMT (Datamonitor) - Northwest, Delta and American Airlines, three of the top four US airlines, have this week announced widening third quarter losses that represent a deepening crisis in the US airline industry.
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Continental Airlines CAL.N on Tuesday  posted a third-quarter loss, reversing a year-earlier profit  amid record-high fuel prices, and warned of large losses this  year and next unless energy prices fall and fares rise.
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Record fuel costs and low air fares contributed to a $274 million third-quarter loss for United Airlines&#39; parent company, which warned again that labor costs must be slashed again soon in order for it to emerge from bankruptcy.
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HOUSTON - Continental Airlines said Tuesday that rising oil costs and $280 million in federal transportation, security and airport fees charged on passenger tickets drove the carrier to post a loss in the third quarter.
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In what could be its final quarterly financial update before filing for Chapter 11, Delta Air Lines Inc. has reported a net loss of $646 million on $3.
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Continental Airlines Inc. CAL.N on  Thursday said failure to achieve $500 million in annual wage  reductions by Feb. 28 could result in "inadequate liquidity,"  sending its shares spiraling down.
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The airline narrowed its fourth-quarter loss to $8 million, beating Wall Streetâs forecasts despite higher fuel costs.