Continental Airlines reported pre-tax income of $566 million for 2007, up 53.4% over earnings of $369 million on a similar basis in 2006, but the company is resolving a "noncash tax" issue related to pilot pensions that prevented it from disclosing net income yesterday. The issue relates to the new US law that lifts the pilot retirement age to 65 (ATWOnline, Dec. 17, 2007). CO said that for actuarial purposes it has assumed its pilots will continue working beyond 60 and will not begin ...

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