Continental Airlines (CAL) Reports June Traffic Results

July 1, 2008 5:30 PM EDT

Continental Airlines (NYSE: CAL) reported a June consolidated (mainline plus regional) load factor of 83.6%, 2.1 points below the June 2007 consolidated load factor, and a mainline load factor of 84.1%, 2.0 points below the June 2007 mainline load factor. In addition, the carrier reported a domestic mainline June load factor of 85.9%, 1.8 points below the June 2007 domestic load factor, and an international mainline load factor of 82.4%, 2.0 points below June 2007.

During the month, Continental recorded a U.S. Department of Transportation on-time arrival rate of 67.5% and a mainline segment completion factor of 99.2%.

In June 2008, Continental flew 8.6 billion consolidated revenue passenger miles (RPMs) and 10.3 billion consolidated available seat miles (ASMs), resulting in a consolidated traffic decrease of 0.1% and a capacity increase of 2.5% as compared to June 2007. In June 2008, Continental flew 7.7 billion mainline RPMs and 9.2 billion mainline ASMs, resulting in a mainline traffic decrease of 0.9% and a mainline capacity increase of 1.4% as compared to June 2007. Domestic mainline traffic was 4.0 billion RPMs in June 2008, down 3.9% from June 2007, and domestic mainline capacity was 4.6 billion ASMs, down 1.9% from June 2007.

For June 2008, consolidated passenger revenue per available seat mile (RASM) is estimated to have increased between 4.0 and 5.0 percent compared to June 2007, while mainline passenger RASM is estimated to have increased between 3.5 and 4.5 percent compared to June 2007. For May 2008, consolidated passenger RASM increased 7.2% compared to May 2007, while mainline passenger RASM increased 6.4% compared to May 2007.[SM]

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