HOUSTON,
July 1 /PRNewswire-FirstCall/ -- Continental Airlines (NYSE: CAL) today reported a June consolidated (mainline plus regional) load factor of 84.8 percent, 1.1
points above the
June 2008 consolidated load factor, and a mainline load factor of 85.2
percent, 1.0
point above the
June 2008 mainline load factor. The carrier reported an all time record domestic mainline June load factor of 88.1 percent, 2.2 points above the
June 2008 domestic mainline load factor, and an international mainline load factor of 82.5
percent, 0.1 points above
June 2008.
During the month, Continental recorded a U.S. Department of Transportation (DOT) on-time arrival rate of 80.5 percent and a mainline segment completion factor of 99.8 percent.
In June 2009, Continental flew 8.1 billion consolidated revenue passenger miles (RPMs) and 9.5 billion consolidated available seat miles (ASMs), resulting in a consolidated traffic decrease of 6.5 percent and a capacity decrease of 7.8 percent as compared to June 2008. In June 2009, Continental flew 7.2 billion mainline RPMs and 8.5 billion mainline ASMs, resulting in a mainline traffic decrease of 6.3 percent and a mainline capacity decrease of 7.5 percent as compared to June 2008. Domestic mainline traffic was 3.7 billion RPMs in June 2009, down 6.5 percent from June 2008, and domestic mainline capacity was 4.2 billion ASMs, down 8.8 percent from June 2008.
For June 2009, both consolidated and mainline passenger revenue per available seat mile (RASM) are estimated to have decreased between 19.5 and 20.5 percent compared to June 2008. For May 2009, consolidated passenger RASM decreased 19.9 percent compared to May 2008, while mainline passenger RASM decreased 19.1 percent compared to May 2008.
Continental ended the second quarter 2009 with an unrestricted cash, cash equivalents and short-term investments balance of approximately $2.77 billion.
Continental’s regional operations had a June load factor of 81.5 percent, 1.8 points above the June 2008 regional load factor. Regional RPMs were 846.5 million and regional ASMs were 1,038.8 million in June 2009, resulting in a traffic decrease of 8.2 percent and a capacity decrease of 10.3 percent versus June 2008.
Continental Airlines is the world’s fifth largest airline. Continental, together with Continental Express and Continental Connection, has more than 2,750 daily departures throughout the Americas, Europe and Asia, serving 133 domestic and 132 international destinations. More than 750 additional points are served via current alliance partners. With more than 43,000 employees, Continental has hubs serving New York, Houston, Cleveland and Guam, and together with its regional partners, carries approximately 67 million passengers per year.
Celebrating its 75th anniversary this year, Continental consistently earns awards and critical acclaim for both its operation and its corporate culture. For the sixth consecutive year, FORTUNE magazine named Continental the No. 1 World’s Most Admired Airline on its 2009 list of World’s Most Admired Companies. For more company information, go to continental.com.
This press release contains forward-looking statements that are not limited to historical facts, but reflect the company’s current beliefs, expectations or intentions regarding future events. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. For examples of such risks and uncertainties, please see the risk factors set forth in the company’s 2008 Form 10-K and its other securities filings, including any amendments thereto, which identify important matters such as the significant volatility in the cost of aircraft fuel, its transition to a new global alliance, the consequences of its high leverage and other significant capital commitments, its high labor and pension costs, delays in scheduled aircraft deliveries, service interruptions at one of its hub airports, disruptions to the operations of its regional operators, disruptions in its computer systems, and industry conditions, including the recession in the U.S. and global economies, the airline pricing environment, terrorist attacks, regulatory matters, excessive taxation, industry consolidation, the availability and cost of insurance, public health threats and the seasonal nature of the airline business. The company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this press release, except as required by applicable law.
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PRELIMINARY TRAFFIC RESULTS
JUNE 2009 2008 Change
REVENUE PASSENGER MILES
(000)
Domestic 3,694,333 3,951,187 -6.5 Percent
International 3,526,037 3,756,421 -6.1 Percent
Transatlantic 1,902,543 2,097,027 -9.3 Percent
Latin America 999,397 1,043,015 -4.2 Percent
Pacific 624,097 616,379 1.3 Percent
Mainline 7,220,370 7,707,608 -6.3 Percent
Regional 846,498 922,577 -8.2 Percent
Consolidated 8,066,868 8,630,185 -6.5 Percent
AVAILABLE SEAT MILES
(000)
Domestic 4,195,675 4,598,795 -8.8 Percent
International 4,275,927 4,559,873 -6.2 Percent
Transatlantic 2,283,737 2,576,315 -11.4 Percent
Latin America 1,155,496 1,225,627 -5.7 Percent
Pacific 836,694 757,931 10.4 Percent
Mainline 8,471,602 9,158,668 -7.5 Percent
Regional 1,038,791 1,158,157 -10.3 Percent
Consolidated 9,510,393 10,316,825 -7.8 Percent
PASSENGER LOAD FACTOR
Domestic 88.1 Percent 85.9 Percent 2.2 Points
International 82.5 Percent 82.4 Percent 0.1 Points
Transatlantic 83.3 Percent 81.4 Percent 1.9 Points
Latin America 86.5 Percent 85.1 Percent 1.4 Points
Pacific 74.6 Percent 81.3 Percent -6.7 Points
Mainline 85.2 Percent 84.2 Percent 1.0 Point
Regional 81.5 Percent 79.7 Percent 1.8 Points
Consolidated 84.8 Percent 83.7 Percent 1.1 Points
ONBOARD PASSENGERS
Mainline 4,101,183 4,472,184 -8.3 Percent
Regional 1,573,268 1,672,743 -5.9 Percent
Consolidated 5,674,451 6,144,927 -7.7 Percent
CARGO REVENUE TON MILES
(000)
Total 73,444 85,658 -14.3 Percent
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PRELIMINARY TRAFFIC RESULTS
YEAR-TO-DATE 2009 2008 Change
REVENUE PASSENGER MILES
(000)
Domestic 19,416,396 21,811,198 -11.0 Percent
International 19,044,784 20,129,271 -5.4 Percent
Transatlantic 9,556,585 10,344,093 -7.6 Percent
Latin America 5,973,848 6,211,286 -3.8 Percent
Pacific 3,514,351 3,573,892 -1.7 Percent
Mainline 38,461,180 41,940,469 -8.3 Percent
Regional 4,494,255 5,085,360 -11.6 Percent
Consolidated 42,955,435 47,025,829 -8.7 Percent
AVAILABLE SEAT
MILES (000)
Domestic 23,338,304 26,160,929 -10.8 Percent
International 24,977,251 26,049,864 -4.1 Percent
Transatlantic 12,722,375 13,703,987 -7.2 Percent
Latin America 7,455,165 7,588,480 -1.8 Percent
Pacific 4,799,711 4,757,397 0.9 Percent
Mainline 48,315,555 52,210,793 -7.5 Percent
Regional 6,014,921 6,547,523 -8.1 Percent
Consolidated 54,330,476 58,758,316 -7.5 Percent
PASSENGER LOAD FACTOR
Domestic 83.2 Percent 83.4 Percent -0.2 Points
International 76.2 Percent 77.3 Percent -1.1 Points
Transatlantic 75.1 Percent 75.5 Percent -0.4 Points
Latin America 80.1 Percent 81.9 Percent -1.8 Points
Pacific 73.2 Percent 75.1 Percent -1.9 Points
Mainline 79.6 Percent 80.3 Percent -0.7 Points
Regional 74.7 Percent 77.7 Percent -3.0 Points
Consolidated 79.1 Percent 80.0 Percent -0.9 Points
ONBOARD PASSENGERS
Mainline 22,437,661 25,196,062 -10.9 Percent
Regional 8,318,018 9,204,625 -9.6 Percent
Consolidated 30,755,679 34,400,687 -10.6 Percent
CARGO REVENUE
TON MILES (000)
Total 419,901 524,214 -19.9 Percent
PRELIMINARY OPERATIONAL AND FINANCIAL RESULTS
JUNE 2009 2008 Change
On-Time Performance (1) 80.5% 67.4% 13.1 Points
Completion Factor (2) 99.8% 99.2% 0.6 Points
May 2009 year-over-year
consolidated RASM change (19.9)Percent
May 2009 year-over-year mainline
RASM change (19.1)Percent
June 2009 estimated year-over-year
consolidated RASM change (19.5) - (20.5)Percent
June 2009 estimated year-over-year
mainline RASM change (19.5) - (20.5)Percent
June 2009 estimated average price per
gallon of fuel, including fuel taxes 2.18 Dollars
Second Quarter 2009 estimated average
price per gallon of fuel, including fuel taxes 2.07 Dollars
(1) Department of Transportation Arrivals within 14 minutes
(2) Mainline Segment Completion Percentage
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