Drops in both business travel and economy class yields dragged Continental Airlines to a $136 million first-quarter loss, widened 65.9% from an $82 million deficit in the year-ago period. "It was a very tough quarter, no matter how you look at it," Chairman and CEO Larry Kellner said yesterday in a conference call with analysts and reporters. But the carrier sees some light on the horizon as it firms its plans to join Star Alliance by Oct. 25 and "the rate of decline in RASM appears to be ...

Subscribe to Access this Entire Article

"Falling traffic, fares drag Continental to $136 million loss" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.