Expert Analyses of the following article:
Continental Airlines Reports September 2008 Operational Performance
Source: www.tradingmarkets.com
October 6, 2008
September US airline traffic results will not be pretty - more capacity cuts to come
Author: Timothy O'Neil-Dunne, Managing Partner, T2Impact Ltd.
September US airline traffic results will not be pretty - more capacity cuts to come
Author: Timothy O'Neil-Dunne, Managing Partner, T2Impact Ltd.
CAL is the first to report September traffic and it is NOT pretty, while capacity was cut - traffic declined even further. There will be more cuts to come as load factors fall across the US System. CAL is one of the airlines better positioned to handle the downturn so their numbers are likely to be at the better end of the results.
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