Continental posts $22 million 1st quarter profit

Continental posts $22 million 1st quarter profit Houston-based Continental Airlines posted first quarter net income of $22 million, which is an improvement over a $66 million loss after the first three months of 2006.
   Continental’s operating income in the latest quarter soared 481.8 percent to $64 million, from $11 million in the comparable year earlier period. Operating revenue was up 7.9 percent to $3.2 billion with cargo revenue flat at $107 million.