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Continental Posts 3Q Loss, Blames Fuel – and Ike

October 16, 2008 | Posted in: Ask Rick

What a difference a year makes.

This time last year, Continental posted a profit. Today, it was a $236 million loss.

But, like the other airlines, Continental suffered through a huge spike in oil prices in July.

And then last month, Hurricane Ike took a $50 million bite out of the carrier’s operating profit.

Still, there was one piece of good news: Continental’s revenue rose, beating the analysts’ predictions.

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