Airlines, which has just announced its largest quarterly profit in its 61-year history.

The overall success was reflected on the Bermuda-Newark route, Bermuda manager Ms Judy Roberts said. "Our load factors have been very good. In fact, we had to put on an additional flight as of June 1, for the summer to September 30.'' It brought to two-a-day the number of flights arriving with passengers from the New York and Newark, New Jersey areas.

"The load factors are very good and while there was a little quiet period in July, the advanced bookings for August look very good,'' Ms Roberts said.

Continental overall is reporting a second quarter record profit of $102 million on revenues of $1.5 billion. It is the first time in the last 10 years that Continental has made a profit in the first six months of the fiscal year.

The results include the non-recurring after-tax gain of $30 million from the airlines System one reservation unit transaction. The carrier's second quarter results are a $151-million improvement over the second quarter of 1994. The six month figures are a $192-million improvement over last year's first six months. At the end of the second quarter, Continental had a half a billion dollars in cash and expects to continue to build its cash position during the remainder of the year. Mr. Gordon Bethune, president and CEO of the airline said, "The year has been exciting for Continental, our employees and stockholders because we have already accomplished so much under our `Go Forward' plan.

"This is not the airline it was 12 months ago. We're working as a team now and the results are evident.'' The carrier eliminated Continental Life and other unprofitable business and has increased by five percent its year over year yield and increased its load factor by 1.3 points on a less than one percent increase in unit cost.

Continental also reinstated its frequent flyer and customer service benefits and successfully renegotiated its debt, deliveries and leases. The renegotiations will save the airline more than $500 million.