Continental Airlines reports full year 2007 pre-tax income of $566 million

Continental Airlines reported 2007 pre-tax income (net income before income taxes and cumulative effect of change in accounting principle) of $566 million, up 53 % over 2006 pre-tax income of $369 million. Excluding $24 million of previously announced pre-tax special items, Continental’s pre-tax income for the full year was $542 million, a 78 % improvement over 2006 pre-tax income of $304 million excluding special items.

Continental reported pre-tax income of $71 million for the fourth quarter 2007. Excluding previously announced pre-tax special items, Continental recorded fourth quarter 2007 pre-tax income of $24 million compared to the fourth quarter 2006 pre-tax loss of $4 million excluding special items.

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