Continental Airlines Earns $50.3 Million

Continental Airlines, rebounding from a disastrous 1983 in which it filed for reorganization under federal bankruptcy laws, said it made $50.3 million in 1984. The year’s results, including a record fourth-quarter profit of $14.5 million, compared to a loss of $218.4 million for all of 1983.

“Much of the credit belongs to our 10,000 employees, whose commitment and dedication to rebuilding the airline has paid off by creating the kind of straightforward low-fare, full-service quality product the traveling public not only wants but also demands,” Chairman Frank Lorenzo said in a statement.

The airline’s revenue for the year edged up slightly to $1.2 billion from $1.1 billion in 1983.

For detailed data and results of other companies, please see tables, Page 14.