Continental Airlines reported first-quarter net income of $22 million, reversed from a net loss of $66 million in the year-ago quarter, on a 7.9% lift in revenue to $3.18 billion. Excluding special items such as the sale of its remaining investment in ExpressJet and unusual charges, CO posted a $26 million profit for the quarter, an improvement over a $46 million net loss for the prior-year period on a similar basis. "Strong revenue growth, continued cost discipline and a slight decrease in ...

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