Continental Airlines reported a 2009 net loss of $282 million, improved 51.9% from a $586 million deficit in the year-ago period, and pointed to a fourth-quarter profit of $85 million as a sign that it is "holding the line on costs and working more efficiently." Chairman, President and CEO Jeff Smisek warned that CO and the US airline industry "likely have a long and slow road to recovery ahead," though he noted, "A long and slow recovery is better than what we had in 2008 and 2009." In his ...

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