Continental posts fourth-quarter profit
Continental Airlines
The world's fifth-largest airline reported net income of $85 million, or 60 cents per share, compared with a year-earlier net loss of $269 million, or $2.35 per share.
Excluding one-time items, earnings were 3 cents per share. Revenue fell 8.3 percent to $3.2 billion.
The U.S. airline industry has been hammered over the past two years by the surge in oil prices in 2008 and a severe recession in 2009. But over the past few months, Continental and other carriers have seen travel demand gather strength, especially from lucrative business travelers.
(Reporting by Deepa Seetharaman; Editing by Lisa Von Ahn)
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