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November 22, 2009 9:54 PM ET

Continental Airlines, Inc.

(CAL:NYSE)

LAST $12.86 USD
CHANGE TODAY -0.11 -0.85%
VOLUME 4.3M
As of 4:01 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Continental Airlines, Inc. (CAL)

OPEN
$12.86
PREVIOUS CLOSE
$12.97
DAY HIGH
$13.19
DAY LOW
$12.77
52 WEEK HIGH
01/8/09 - $21.83
52 WEEK LOW
03/9/09 - $6.37
MARKET CAP
1.8B
AVERAGE VOLUME 3 mo
6.4M
DILUTED EPS TTM
$-5.28
SHARES OUTSTANDING
138.5M
CAL Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions
BUSINESS EXCHANGE RELATED TOPICContinental Airlines

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CAL Details

Continental Airlines, Inc., an air carrier, engages in the transportation of passengers, cargo, and mail. As of December 31, 2008, the company owned or leased 350 mainline jets and 282 regional aircraft. It flew to 120 domestic and 121 international destinations, as well as offered additional connecting service through alliances with domestic and foreign carriers. Continental Airlines operates its domestic route system primarily through its hubs at Newark Liberty International Airport in the New York metropolitan area; George Bush Intercontinental Airport in Houston, Texas; and Hopkins International Airport in Cleveland, Ohio. The company directly serves destinations throughout Europe, Asia, Canada, Mexico, Central and South America, and the Caribbean. Continental Airlines, Inc. was founded in 1934 and is based in Houston, Texas.

CAL Top Compensated Officers

Chairman of Board, Chief Executive Officer, M...
Age: 50
Total Annual Compensation: $296.9K
President, Chief Operating Officer, Director ...
Age: 54
Total Annual Compensation: $240.0K
Chief Financial Officer and Executive Vice Pr...
Age: 38
Total Annual Compensation: $299.1K
Executive Vice President of Operations
Age: 53
Total Annual Compensation: $370.9K
Executive Vice President of Marketing
Age: 53
Total Annual Compensation: $370.9K
Compensation as of Fiscal Year 2008.

Key developments for Continental Airlines, Inc. (CAL)

Continental Airlines Announces Traffic Results for the Month and Year-to-Date Period Ended October 2009

Continental Airlines Inc. reported traffic results for the month and year-to-date period ended October 2009. The company reported October consolidated (mainline plus regional) load factor of 82.5%, 3.5 points above the October 2008 consolidated load factor, and a mainline load factor of 83.0%, 3.5 points above the October 2008 mainline load factor. All four October load factors were records for the month. In October 2009, Continental flew 7.3 billion consolidated revenue passenger miles (RPMs) and 8.8 billion consolidated available seat miles (ASMs), resulting in a consolidated traffic increase of 1.7% and a capacity decrease of 2.6% as compared to October 2008. In October 2009, Continental flew 6.5 billion mainline RPMs and 7.8 billion mainline ASMs, resulting in a mainline traffic increase of 1.9% and a mainline capacity decrease of 2.4% as compared to October 2008. Domestic mainline traffic was 3.4 billion RPMs in October 2009, up 2.3% from October 2008, and domestic mainline capacity was 4.0 billion ASMs, down 0.6% from October 2008. For the year to date period, the company reported revenue passenger miles of 74,828,826, available seat miles of 92,061,550, passenger load factor of 81.3%, onboard passengers of 52,671,331 and cargo revenue ton miles of 760,250,000 against revenue passenger miles of 78,997,329, available seat miles of 98,099,709, passenger load factor of 80.5%, onboard passengers of 56,679,755 and cargo revenue ton miles of 855,238,000 for the same period a year ago.

Continental Airlines Launches Three New Routes from Houston on Sunday

Continental Airlines, Inc. will launch daily nonstop flights Sunday, Nov. 1, to three new destinations from its Houston hub at George Bush Intercontinental Airport: Frankfurt Airport (FRA), Washington Dulles International Airport (IAD) and Edmonton International Airport (YEG). The new service to Frankfurt will be operated with Boeing 767-400ER aircraft, seating 35 passengers in BusinessFirst and 200 passengers in economy. Flights will depart Houston daily at 6:55 p.m., arriving in Frankfurt at 11:45 a.m. the next day. The return flights will depart Frankfurt daily at 1:50 p.m., arriving in Houston at 6:15 p.m. the same day.

Continental Airlines and All Nippon Airways Co. Announce Alliance Partnership

Continental Airlines Inc. and All Nippon Airways Co. Ltd. have signed an Alliance Agreement allowing both carriers to strengthen cooperation just after Continental's joining the Star Alliance on October 27, 2009. The customers of both airlines will now be able to accrue and redeem mileage on any route operated by either carrier, and the top-tier frequent flyer customers (Star Alliance Gold members) will also have complete access to the lounges of both carriers, as well as other Star Alliance benefits. In addition to the Star Alliance benefits, Continental and ANA plan to implement code share arrangements starting in 2010, subject to necessary government approvals. With code share arrangements in place, both airlines plan to offer greater convenience to mutual customers traveling between Asia and the Americas.

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CAL Competitors

Company Last Change
All Nippon Airways Co Ltd ¥231.00 JPY 0.00
Qantas Airways Ltd A$2.73 AUD +0.04
Singapore Airlines Ltd $13.92 SGD 0.00
US Airways Group Inc $3.10 USD -0.02
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Industry Analysis

Valuation CAL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 4.0x
Not meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful

CAL

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CAL transactions

Type
Date
Target
Bankruptcy
May 30, 2009
Hawaii Superferry, Inc.
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