Continental Airlines (CAL) Reports August Traffic Results

September 2, 2008 5:12 PM EDT

Continental Airlines (NYSE: CAL) reported an August consolidated (mainline plus regional) load factor of 83.9%, 1.4 points below the August 2007 consolidated load factor, and a mainline load factor of 84.9%, 1.0 point below the August 2007 mainline load factor. In addition, the carrier reported a domestic mainline August load factor of 86.3%, 1.7 points below the August 2007 domestic mainline load factor, and an international mainline load factor of 83.4%, 0.3 points below August 2007.

In August 2008, Continental flew 9.1 billion consolidated revenue passenger miles (RPMs) and 10.9 billion consolidated available seat miles (ASMs), resulting in a consolidated traffic increase of 0.7 percent and a capacity increase of 2.4 percent as compared to August 2007. In August 2008, Continental flew 8.2 billion mainline RPMs and 9.7 billion mainline ASMs, resulting in a mainline traffic increase of 0.7 percent and a mainline capacity increase of 2.0 percent as compared to August 2007. Domestic mainline traffic was 4.2 billion RPMs in August 2008, down 3.3 percent from August 2007, and domestic mainline capacity was 4.8 billion ASMs, down 1.4 percent from August 2007.

For August 2008, consolidated passenger revenue per available seat mile (RASM) is estimated to have increased between 4.5 and 5.5 percent compared to August 2007, while mainline passenger RASM is estimated to have increased between 5.5 and 6.5 percent compared to August 2007.

Continental's regional operations had an August load factor of 76.4 percent, 3.8 points below the August 2007 regional load factor. Regional RPMs were 917.3 million and regional ASMs were 1,200.8 million in August 2008, resulting in a traffic increase of 0.5 percent and a capacity increase of 5.5 percent versus August 2007.[SM]

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