Wall Street Grand LLC, a leading investor newsletter is pleased to announce to the investment community and Wall Street Grand members market moving news about the current progress Continental Airlines Inc, (NYSE:CAL) has generated. Continental Airlines Inc. trades on the “New York Stock Exchange" under the symbol: CAL. To learn more Continental Airlines Inc. (CAL), make sure to visit our exclusive website http://www.wallstreetgrand.com/.
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Continental Airlines Inc., the fourth-largest U.S. carrier, advanced in New York’s trading after reporting that Januarys revenue from each seat flown a mile was better than the company’s prior anticipation for the previous month.
Unit revenue fell in a range of 2.5 percent to 3.5 percent from the previous year, the Houston-Based airline said late yesterday. The drop was narrower than Continental’s January 21st projection for a 4% unit revenue decline on its main jet operations.
William Greene, an analyst for Morgan Stanley said, “This beat reaffirmed our view and may also renew investor enthusiasm in the near term.” He also called the results a “positive surprise versus expectations.”
Continental climbed 60 cents, or 3.1 percent, to $19.89 at 9:42 a.m. in New York Stock Exchange composite trading. A gain today would be the first two-day advance for the shares since Jan. 13-14.
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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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