HOUSTON (AP) — Continental Airlines, which is still working on calculating its final quarterly and full-year financial results, reported Thursday it had a pretax profit of $71 million for the fourth quarter on better-than-expected revenue of $3.52 billion.
But the carrier is delaying its report of its net income figures while it decides the size of a non-cash accounting charge it will take in the last three months of the year related to pilot pension liabilities. Continental expects to make that determination by by mid-February and report final results for 2007 in its annual report.
Continental said its pretax profit for the October-December period contrasted to a loss of $26 million a year earlier.
Revenue grew nearly 12% to $3.52 billion from $3.16 billion a year ago, helped by a 27.5% jump in passenger revenue from trans-Atlantic flights and a nearly 10% rise from domestic flights.
Excluding previously disclosed one-time items, the company said the pretax profit was $24 million versus a loss of $4 million in the 2006 period.
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