SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
March 31, 1995
CONTINENTAL AIRLINES, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-09781 74-2099724
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
2929 Allen Parkway, Houston, Texas 77019
(Address of principal executive offices) (Zip Code)
(713) 834-5000
(Registrant's telephone number, including area code)
Item 5. Other Events.
On March 31, 1995, Continental Airlines, Inc. issued a press release
announcing it is extending the date for filing its 1994 Form 10-K.
Attached hereto as Exhibit 99.1, and incorporated herein by reference, is the
Company's March 31, 1995 press release.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99.1 Press Release, dated March 31, 1995.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
Continental Airlines, Inc. has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
CONTINENTAL AIRLINES, INC.
By /s/ Daniel P. Garton
Daniel P. Garton
Senior Vice President and
Chief Financial Officer
March 31, 1995
EXHIBIT INDEX
99.1 Press Release, dated March 31, 1995.
FOR IMMEDIATE RELEASE CONTACT: CORPORATE COMMUNICATIONS
(713) 834-5080
CONTINENTAL EXTENDS
FILING OF 10-K
HOUSTON, March 31, 1995 -- Continental Airlines announced today that it
is extending the date for filing its 1994 Form 10-K. The airline anticipates
that it will finalize its financial statements and file its report on Form
10-K no later than April 17.
On January 26, 1995, the Company announced that it will be reporting a
nonrecurring charge of approximately $400 million for the fourth quarter of
1994. The charge relates primarily to the decision made in late 1994
concerning the planned early retirement of certain aircraft and to closed or
under-utilized airport and maintenance facilities. Continental also
announced in January that it has ceased making contractually required
payments on certain obligations.
Continental is now in advanced stages of negotiation, and in certain
instances documentation, of new agreements with its principal lenders,
aircraft and engine manufacturers, and certain aircraft and equipment lessors
to provide for alternative forms of consideration in lieu of cash payments,
or to otherwise defer certain payments. In addition, Continental is engaged
in settlement negotiations regarding its future obligations at the new Denver
International Airport in light of the significant reduction in its Denver
operations.
The outcome of these negotiations will materially impact the
nonrecurring charge and the characterization of obligations as current or
long-term on Continental's balance sheet. The foregoing uncertainties and
contingencies have impeded the airline's ability to finalize the calculation
of the nonrecurring charge and delayed completion of its financial
statements.
