Tuesday, April 3, 2007

Continental leads airline stocks higher

(Reuters) - The gains came after Continental said on Monday that its March revenue per available seat mile increased on fuller planes. The airline's monthly report ripples throughout the industry, as Continental is the only major carrier to publish its revenue estimates.

"Strong month-of-March demand at Continental portends a quarterly profit for that carrier, hopefully serving as a reassuring reminder that demand trends remain intact," said J.P. Morgan analyst Jamie Baker in a research note.


Read more at Reuters.com Hot Stocks News

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