Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Morgan Stanley Boosts Continental Airlines Outlook

Morgan Stanley narrowed his loss estimate on Continental Airlines (CAL).

Analyst William Greene says Continental reported an estimated consolidated breakeven load factor of 74%, well below the total load factor of 81%. He says the estimated 4% to 5% rise in August mainline revenue per available seat mile is due entirely to fuller jets.

Green estimates Continental's August net margin was 8% to 9%, in line with July. In order for the airline to meet his 10-cent third-quarter loss estimate, Green says September's net margin must be roughly -20%. Depending on how demand shapes up in September, he think's theres probably upside risk to his third-quarter loss estimate.

He narrowed the $4.18 2003 loss per share estimate to a $4.10 loss, and now sees a $1.35 loss per share for 2004.

blog comments powered by Disqus