There was another bit of news that came out yesterday from Continental that is no doubt also helping push shares of that airline higher.

Talks between the pilots union and management at Continental Airlines regarding a new pilot contract began yesterday. The pilots union had requested that talks begin early. Their current contract expires the end of 2008. The two sides announced yesterday that a schedule had been set up and okayed by both sides for negotiations going forward.

Just the kind of stuff Wall Street loves to hear.

Ticker: (NYSE: CAL)