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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):
July 30, 1998
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, Suite 2010, Houston, Texas 77019
(Address of principal executive offices) (Zip Code)
(713) 834-2950
(Registrant's telephone number, including area code)
<PAGE>
Item 7.Financial Statements and Exhibits.
Effective December 31, 1997, Continental Airlines, Inc.
(the "Company") adopted Statement of Financial Accounting
Standards (SFAS) No. 128, "Earnings Per Share", which
replaced the calculation of primary earnings per share and
fully diluted earnings per share with basic earnings per
share and diluted earnings per share. In accordance with
Item 601(c) (2) of Regulation S-K, the Company is filing
this Current Report on Form 8-K to reflect compliance with
FAS 128.
(c) Exhibits
27.1 Restated Financial Data Schedule for the
quarterly periods ended March 31, 1995, June
30, 1995, September 30,1995 and the fiscal
year ended December 31, 1995. Submitted as
restated Exhibit 27 on Form 10-Q to the
quarterly periods ended March 31, 1995, June
30, 1995, September 30, 1995, and to the Year
Ended Report on Form 10-K for the fiscal year
ended December 31, 1995.
27.2 Restated Financial Data Schedule for the
quarterly periods ended March 31, 1996, June
30, 1996, September 30,1996 and the fiscal
year ended December 31, 1996. Submitted as
restated Exhibit 27 on Form 10-Q to the
quarterly periods ended March 31, 1996, June
30, 1996, September 30, 1996, and to the Year
Ended Report on Form 10-K for the fiscal year
ended December 31, 1996.
27.3 Restated Financial Data Schedule for the
quarterly periods ended March 31, 1997, June
30, 1997, and September 30,1997. Submitted as
restated Exhibit 27 on Form 10-Q to the
quarterly periods ended March 31, 1997, June
30, 1997 and September 30, 1997.
<PAGE>
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/ Jeffery A. Smisek
Jeffery A. Smisek
Executive Vice President
and General Counsel
July 30, 1998
<PAGE>
EXHIBIT INDEX
27.1 Restated Financial Data Schedule for the quarterly periods
ended March 31, 1995, June 30, 1995, September 30,1995 and
the fiscal year ended December 31, 1995. Submitted as
restated Exhibit 27 on Form 10-Q to the quarterly periods
ended March 31, 1995, June 30, 1995, September 30, 1995, and
to the Year Ended Report on Form 10-K for the fiscal year
ended December 31, 1995.
27.2 Restated Financial Data Schedule for the quarterly periods
ended March 31, 1996, June 30, 1996, September 30,1996 and
the fiscal year ended December 31, 1996. Submitted as
restated Exhibit 27 on Form 10-Q to the quarterly periods
ended March 31, 1996, June 30, 1996, September 30, 1996, and
to the Year Ended Report on Form 10-K for the fiscal year
ended December 31, 1996.
27.3 Restated Financial Data Schedule for the quarterly periods
ended March 31, 1997, June 30, 1997, and September 30,1997.
Submitted as restated Exhibit 27 on Form 10-Q to the
quarterly periods ended March 31, 1997, June 30, 1997 and
September 30, 1997.
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<S> <C> <C> <C> <C>
<PERIOD-TYPE> 3-MOS 6-MOS 9-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1995 DEC-31-1995 DEC-31-1995 DEC-31-1995
<PERIOD-END> MAR-31-1995 JUN-30-1995 SEP-30-1995 DEC-31-1995
<CASH> 417 502 603 747
<SECURITIES> 0 0 0 0
<RECEIVABLES> 446 435 417 351
<ALLOWANCES> 0 0 0 0
<INVENTORY> 141 139 146 127
<CURRENT-ASSETS> 1,079 1,154 1,241 1,315
<PP&E> 1,525 1,493 1,423 1,461
<DEPRECIATION> 315 344 384 404
<TOTAL-ASSETS> 4,605 4,677 4,692 4,821
<CURRENT-LIABILITIES> 2,539 2,515 2,030 1,984
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54 56 40 41
0 0 0 0
<COMMON> 0 0 0 0
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<TOTAL-LIABILITY-AND-EQUITY> 4,605 4,677 4,692 4,821
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<TOTAL-REVENUES> 1,408 2,887 4,402 5,825
<CGS> 0 0 0 0
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<EPS-PRIMARY> (0.60) 1.31 3.32 4.07
<EPS-DILUTED> (0.60) 1.28 2.91 3.37
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<PERIOD-END> MAR-31-1996 JUN-30-1996 SEP-30-1996 DEC-31-1996
<CASH> 657 825 865 1,061
<SECURITIES> 0 0 0 0
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<ALLOWANCES> 0 0 0 0
<INVENTORY> 152 162 114 111
<CURRENT-ASSETS> 1,312 1,527 1,503 1,634
<PP&E> 1,410 1,436 1,510 1,596
<DEPRECIATION> 441 474 503 522
<TOTAL-ASSETS> 4,746 4,950 4,983 5,206
<CURRENT-LIABILITIES> 2,040 2,108 2,129 2,104
<BONDS> 0 0 0 0
42 43 45 46
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<OTHER-SE> 390 504 517 581
<TOTAL-LIABILITY-AND-EQUITY> 4,746 4,950 4,983 5,206
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<TOTAL-REVENUES> 1,489 3,128 4,799 6,360
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<OTHER-EXPENSES> 1,369 2,779 4,373 5,835
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<INTEREST-EXPENSE> 47 89 129 165
<INCOME-PRETAX> 95 301 348 428
<INCOME-TAX> 1 33 57 86
<INCOME-CONTINUING> 88 255 278 325
<DISCONTINUED> 0 0 0 0
<EXTRAORDINARY> 0 0 6 6
<CHANGES> 0 0 0 0
<NET-INCOME> 88 255 272 319
<EPS-PRIMARY> 1.60 4.65 4.94 5.75
<EPS-DILUTED> 1.19 3.31 3.55 4.17
</TABLE>
<TABLE> <S> <C>
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<S> <C> <C> <C>
<PERIOD-TYPE> 3-MOS 6-MOS 9-MOS
<FISCAL-YEAR-END> DEC-31-1997 DEC-31-1997 DEC-31-1997
<PERIOD-END> MAR-31-1997 JUN-30-1997 SEP-30-1997
<CASH> 927 994 988
<SECURITIES> 0 0 0
<RECEIVABLES> 407 439 469
<ALLOWANCES> 0 0 0
<INVENTORY> 118 117 122
<CURRENT-ASSETS> 1,574 1,679 1,710
<PP&E> 1,754 1,885 2,104
<DEPRECIATION> 547 540 575
<TOTAL-ASSETS> 5,301 5,516 5,804
<CURRENT-LIABILITIES> 2,160 2,324 2,456
<BONDS> 0 0 0
47 0 0
0 0 0
<COMMON> 0 0 0
<OTHER-SE> 659 699 815
<TOTAL-LIABILITY-AND-EQUITY> 5,301 5,516 5,804
<SALES> 1,698 3,484 5,374
<TOTAL-REVENUES> 1,698 3,484 5,374
<CGS> 0 0 0
<TOTAL-COSTS> 0 0 0
<OTHER-EXPENSES> 1,552 3,107 4,790
<LOSS-PROVISION> 0 0 0
<INTEREST-EXPENSE> 42 84 126
<INCOME-PRETAX> 124 332 518
<INCOME-TAX> 46 123 192
<INCOME-CONTINUING> 74 202 316
<DISCONTINUED> 0 0 0
<EXTRAORDINARY> 0 0 4
<CHANGES> 0 0 0
<NET-INCOME> 74 202 312
<EPS-PRIMARY> 1.28 3.50 5.40
<EPS-DILUTED> 0.96 2.58 4.02
</TABLE>
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