Con­ti­nen­tal rises with in­dus­try

Austin American-Statesman - - BUSINESS & PERSONAL FINANCE -

A crush of sum­mer trav­el­ers helped Con­ti­nen­tal Air­lines Inc. post its biggest quar­terly profit in nearly three years — more ev­i­dence of a re­cov­ery in the air­line in­dus­try, which is en­joy­ing its best earn­ings sea­son since 2007.

Hous­ton-based Con­ti­nen­tal — which is plan­ning to merge with UAL Corp.’s United to form the world’s biggest air­line — packed its planes and earned more money from the av­er­age flier, off­set­ting di­min­ished rev­enue from busi­ness travel.

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