 Continental put up its ticket prices in May |
Continental Airlines has blamed high fuel prices for reporting a large second-quarter loss. The US airline, which like many in the industry has put up ticket prices to try to compensate for the rise in fuel costs, has posted a loss of $17m (�9m).
In the same period last year, the carrier reported a $79m profit.
Continental, which last year received a one-off government payment of $111m to pay for additional security costs, described the loss as "disappointing".
The Houston-based company said it had hoped to break even.
Its $17m loss, which equates to 26 cents a share, was much higher than the expected 9 cents.
"There results remain disappointing in a year where we hoped to break even," said Continental chief executive Gordon Bethune.