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Old 09-09-2005 | 03:14 AM
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Sir James
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From: 737 CFI
Default CAL forecasts significant 2005 loss

Continental Airlines sees "significant" 2005 loss
Fri Sep 9, 2005 6:21 AM ET

NEW YORK, Sept 9 (Reuters) - Continental Airlines (CAL.N: Quote, Profile, Research) expects to post a "significant" loss for the year, citing record high fuel prices, according to a regulatory filing on Friday.

The No. 5 U.S. carrier also forecast ending the third quarter with an unrestricted cash and short-term investments balance of $1.9 billion to $2 billion. It expects to end the the year with a balance of about $1.5 billion.
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