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Last Updated: Tuesday, 20 July, 2004, 13:43 GMT 14:43 UK
Fuel costs widen Continental loss
Continental
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.




SEE ALSO:
US airlines give profit warning
19 May 04  |  Business
Oil price rises hit airline fares
12 May 04  |  Business
BA warns on oil-price surcharge
09 May 04  |  Business
US airlines complain at fuel cost
15 Apr 04  |  Business


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