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6 pts

Opinion on  Continental Airlines Inc (CAL)     Sector: Transportation  >  Industry: Airline
Bearish on CAL ...

Sep 06, 2008 10:29 AM UTC
December_21st___gallery_billiards_4
Return Risk
-0.54% LOW
Sr. Analyst

Today Continental announced that they will be charging $15 for a first bag checked in. With the economy how it is going with this trend is the worst thing the company can do. This won't affect first-class flyers but I believe will deter many coach flyers from the company.

 On top of this people over Labor day weekend this year flew in smaller numbers then in previous years. This is a sign of things to come.

And on top of all of that you must remember that not even airline owners invest in airlines. It's a terrible industry. End quote.


CAL:  This call was made on 09/06/08 @ $18.06
Rating:   Negative   $18.06 (09/06/08)
Closed:   10/10/2008 @ $11.4 (+36.88% in 34 days)


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