Continental reports first quarter results

Continental Airlines reported a first quarter 2010 net loss of $146 million. Excluding $10 million of severance and aircraft-related special charges, Continental recorded a first quarter net loss of $136 million. Total revenue for the first quarter of 2010 was $3.2 billion, an increase of 7.0% compared to the same period in 2009. Passenger revenue for the first quarter rose 7.1% ($186 million) compared to the same period in 2009, due to increased traffic and higher average fares.