2.31%C 7.40 5.37%QQQQ 27.81 2.83%
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HOUSTON - Continental Airlines Inc. said Tuesday its consolidated traffic slipped 0.1 percent last month, weighed down by drop in U.S. traffic.
| CAL | 15.48 |  0.29 |
June traffic fell to 8.63 billion revenue passenger miles, essentially flat with June 2007 figures. A revenue passenger mile is an industry measurement accounting for one paying passenger flown one mile.
U.S. traffic dropped 3.9 percent.
Capacity rose 2.5 percent to 10.32 billion available seat miles from 10.07 billion, as the airline added international, regional and trans-Atlantic capacity.
Continental's overall load factor, a measure of occupancy, fell 2.1 percentage points to 83.6 percent. Domestic occupancy slipped 1.8 percentage points to 85.9 percent.
Year-to-date, traffic is up 2.1 percent to 47.02 billion revenue passenger miles. Capacity is up 3.4 percent in the first half to 58.76 billion available seat miles. Total occupancy declined 1.1 percentage points to 80 percent.
The carrier's fuel bill averaged $3.72 per gallon during the month.
U.S. stocks were mixed on Thursday after retailers reported mostly disappointing sales while other big-name companies announced layoffs and Europ...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
The markets have spoken: risk aversion is still the name of the game and that was obvious since the beginning of the week.
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