Continental Airlines escaped the second quarter in far better financial shape than rivals American Airlines and Delta Air Lines, reporting a $3 million net loss that compared to a $228 million profit in the year-ago period. While AA and DL were hit hard by impairment charges and reported a combined second-quarter net loss of $2.49 billion Tuesday, CO benefited from $22 million in special gains driven by income related to the sale of its stake in Panama's Copa Holdings (ATWOnline, July 15). ...

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