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Last Updated: Thursday, October 1, 2026 at 03:49 PM
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Continental posts narrower quarterly loss

Continental Airlines Inc. on Thursday reported a narrower quarterly loss, even as high jet fuel prices took a heavy toll on its business.

Continental Airlines Inc. on Thursday reported a narrower quarterly loss, even as high jet fuel prices took a heavy toll on its business.

The Houston-based No. 5 U.S. airline said its first-quarter loss amounted to $124 million, or $1.88 a diluted share, compared with a loss of $221 million, or $3.38 a share, a year earlier.

Excluding after-tax charges of $35 million, Continental's loss was $1.36 a share. On that basis, analysts had expected Continental to post a loss of $1.39 a share, with loss estimates ranging from $1.20 to $1.70 a share, according to Reuters Research, a unit of Reuters Group Plc.

Continental ended the first quarter with $1.6 billion in cash and short-term investments.