Continental Airlines reported a first-quarter net loss of $136 million ($1.10 diluted loss per share). First-quarter results were adversely affected by significant declines in high-yield traffic as many business travelers curtailed travel or purchased lower-yield economy tickets due to the weakened economy.
Marriott International, Inc. reported first quarter 2009 adjusted income from continuing operations attributable to Marriott of $87 million, a 29 percent decline over the year-ago quarter, and adjusted diluted earnings per share (EPS) from continuing operations attributable to Marriott shareholders of $0.24, down 27 percent. The company’s EPS guidance for the 2009 first quarter, disclosed on February 12, 2009, totaled $0.13 to $0.15.
If Ambassadors International does not sell assets, get additional financing and/or renegotiate debt obligations, it may be forced to seek bankruptcy protection, the company said in its annual earnings report.
If Ambassadors International does not sell assets, get additional financing and/or renegotiate debt obligations, it may be forced to seek bankruptcy protection, the company said in its annual earnings report.
Small-business optimism fell once again, dropping another 1.6 points in March to 81.0, according to the National Federation of Independent Business’s Small Business Optimism Index. The new level is the second lowest in the 35-year history of the survey, and the index has fallen for the last four months.
Small-business optimism fell once again, dropping another 1.6 points in March to 81.0, according to the National Federation of Independent Business’s Small Business Optimism Index. The new level is the second lowest in the 35-year history of the survey, and the index has fallen for the last four months.