Continental Airlines Getting Credit Card Payment
Save Email Print
Bookmark and Share
Updated: 12:57 PM Jun 12, 2008
Continental Airlines Getting Credit Card Payment
Continental Airlines gets a 413 million dollar payment from Chase Bank.
Posted: 11:07 AM Jun 12, 2008
Reporter: Nicole Morten
Email Address: morten@kbtx.com
width:200 and height: 120 and picwidth: 200 and pciheight: 120
Font Size:

It’s payday for Continental Airlines. The Houston based airline company said Thursday it’ll get a 413 million dollar initial payment under it’s co-branded credit card deal with Chase Bank USA.

The payment will add more cushion as the airline prepares to book severance and other charges in the coming months. Continental says the credit card deal with Chase will extend until 2016. Of the initial payment, 235 million dollars will cover the advance purchase of frequent-flyer-mileage credit cards.

Including fuel taxes and hedges, the carrier predicts to spend an average of $3.45 per gallon on fuel this year, and a penny more per gallon during the second quarter.

Continental also says it expects to have between 3.2 billion and 3.3 billion dollars in cash on hand at the end of the second quarter.
More Stories
Find Out What's On
Find out What's on KBTX Tonight
Check Out What's on the CW
Community Media
    College Station Now
    Bryan's Living and Learning
AP Video
Reason to Smile
Click here to view more pictures!
Click Here to Submit Your Pictures
KBTX Active Stories
JobSearch Recent Listings
The following list shows the 5 most recent jobs posted on the Job Board at KBTX.com. View More Jobs.
Search for a Local Business:
 
Popular Searches
Powered by Local.com