Forbes - Jan 21, 2010Continental Airlines, Inc. (CAL)
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Kevin Crissey
at
UBS"We forecast strong (revenue) trends in 2010 and favor legacy airline stocks that have international and corporate travel exposure," noted UBS Securities analyst Kevin Crissey Following the industry's "enormous" challenges in 2009,
Continental"s Chief Executive Jeffery A Smisek said "while we are seeing some business traffic increasing, we likely have a long and slow road to recovery" Earlier this month,
Continental reported strong December air traffic figures and Smisek announced he will refuse to accept a salary or bonus until the company turns a full year profit Many companies, especially banks, have been condemned for handing out bloated pay packages following the credit crisis and ensuing recession (See " Bankers Get Set For Bonus Bonanza " and " Bonus Backlash May Boost Wall Street Pay ") "Investors are focusing on the pickup in economic activity and anticipating a rebound in travel," said Richard Ross, Auerbach Grayson's head of global technical strategy (See " Technically, Airline Stocks Look Good ")
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<span class="sent">"We forecast strong (revenue) trends in 2010 and favor legacy airline stocks that have international and corporate travel exposure," noted UBS Securities analyst <span class="analyst">Kevin Crissey</span></span> Following the industry's "enormous" challenges in 2009, <span class="company">Continental</span>"s Chief Executive Jeffery A Smisek said "while we are seeing some business traffic increasing, we likely have a long and slow road to recovery" Earlier this month, <span class="company">Continental</span> reported strong December air traffic figures and Smisek announced he will refuse to accept a salary or bonus until the company turns a full year profit Many companies, especially banks, have been condemned for handing out bloated pay packages following the credit crisis and ensuing recession (See " Bankers Get Set For Bonus Bonanza " and " Bonus Backlash May Boost Wall Street Pay ") "Investors are focusing on the pickup in economic activity and anticipating a rebound in travel," said Richard Ross, Auerbach Grayson's head of global technical strategy (See " Technically, Airline Stocks Look Good ")...<span class="sent">"We forecast strong (revenue) trends in 2010 and favor legacy airline stocks that have international and corporate travel exposure," noted UBS Securities analyst <span class="analyst">Kevin Crissey</span></span> Following the industry's "enormous" challenges in 2009, <span class="company">Continental</span>"s Chief Executive Jeffery A Smisek said "while we are seeing some business
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