Continental Airlines (CAL)

Add a New Bears Reason Company: Continental Airlines (CAL) Current price: Headline: (100 character max) Analysis: Cancel 50% agree 2 votes edit New share Issue - dilutive Top Contributor: Jack Bass | Created when NYSE:CAL was $14.23 | Edit | History Continental Airlines has announced a stock offering that could raise about $160 million to build a bigger cash cushion against rising oil prices. The Houston-based carrier made a public offering Thursday of 11 million shares of its Class B common stock at $14.80 per share. With fuel costs rising sharply in recent months, airlines are looking for any hedge against high oil prices. They are raising fares, adding luggage fees and other charges, reducing capacity in secondary markets and streamlining fleets (100 character max) Cancel 40% agree 5 votes edit High Fuel Prices Hurt Profits Top Contributor: Michael Mitchell | Created when NYSE:CAL was $20.85 | Edit | History The competitive fare environment of the airline industry makes it very difficult to pass along increased fuel costs. The volatility of oil prices leads to higher operating expenses for Continental. For example, Continental paid an average $2.18 per gallon of fuel in 2007, one of the highest in the airline industry. (100 character max) Cancel 25% agree 4 votes edit Declining Capacity and Traffic Top Contributor: Jack Bass | Created when NYSE:CAL was $9.08 | Edit | History Continental, like many other legacy carriers, has been hit hard by the global recession that has consumers flying less. In October 2008, Continental's traffic fell 7.6%, slightly more than its 7.3% reduction in capacity. (100 character max) Cancel

Worried about pump and dump? We review changes for stock spam » read more

Want to make Wikinvest better? We need your help, contribute today » learn how

Do you write software? We are recruiting the best engineers » view jobs

Like Wikinvest? Spread the word — Tell your friends! » spread the word

Wikinvest © 2006, 2007, 2008, 2009. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.

About | Blog | Advertise | Jobs | Feedback | Help | Get involved