State of the Airlines

Thursday, January 20, 2005

NEWS: Continental Airlines Loss...Coulda Been Worse

OK I warned you a couple of days ago that this would happen and it turns out I was right. The airline reality distortion effect is alive and well. See, airline analyst fired up their calculators last year and figured that Continental Airline would lose something like $178.4 in the 4th quarter give or take a couple of thousand. So when Continental's losses came in around $174 million (after backing out some accounting expense odds and ends) everybody kinda said, Hey...not so bad. So there it is, losing a $174 million is not so bad...whoa...I need to sit down...I'm getting dizzy.