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Sunday July 6, 2008
Reuters
Continental To Take Q4 Charge

Continental Airlines said on Wednesday it will record a non-cash tax charge of between USD$70 million and USD$140 million in the fourth quarter.

Given the technical nature of the charge -- largely related to changes in pension plan calculations for pilots -- the airline said in a regulatory filing, it will not finalize the amount until February.

"As a result Continental will be presenting pre-tax results" when it releases partial quarterly and full-year financial statements on Thursday.

(Reuters)

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