CAL: Continental Reports 3Q Loss of $236 Million

Continental Reports 3Q Loss of $236 Million

The company reported both larger revenue ($4.16 vs $4.12) and net loss (-$236 vs -$164) than analysts expected for the 3rd Quarter. Average full prices jumped from $2.16/gallon last year to $3.49 this quarter. The company also claimed that Hurricane Ike cost them $50 million in various capacities.

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