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.