Fitch affirms Continental

Fitch Ratings said it has affirmed the debt ratings of Continental Airlines, Inc. as follows: issuer default rating at B- and senior unsecured debt at CCC/RR6.

The outlook is stable.

Fitch added that ratings for Continental reflect the airline's high lease-adjusted leverage, weak and volatile cash flow, as well as the airline industry's ongoing vulnerability to air travel demand and fuel price shocks.

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