Continental posts first monthly traffic growth in 13 months
October 2, 2009 – 9:41 amNEW YORK (MarketWatch) – Continental Airlines said late Thursday that its monthly traffic grew for the first time in more than a year, but fewer business travelers and lower ticket prices continued to pressure revenue.
This is one of those “lipstick on a pig” reports. We’re still seeing a contraction in pricing, nickel and dime charging for everything. Unions won’t budge…they don’t have to under a democrat administration.
All in all, we should probably begin to see some more layoffs.
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