Continental Airlines Reports October 2009 Operational Performance
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HOUSTON, Nov. 2 /PRNewswire-FirstCall/ -- Continental Airlines (NYSE: CAL) today reported an October consolidated (mainline plus regional) load factor of 82.5 percent, 3.5 points above the October 2008 consolidated load factor, and a mainline load factor of 83.0 percent, 3.5 points above the October 2008 mainline load factor. The carrier reported a domestic mainline October load factor of 85.4 percent, 2.4 points above the October 2008 domestic mainline load factor, and an international mainline load factor of 80.4 percent, 4.5 points above October 2008. All four October load factors were records for the month.
During the month, Continental recorded a U.S. Department of Transportation (DOT) on-time arrival rate of 75.1 percent and a mainline segment completion factor of 99.8 percent.
In October 2009, Continental flew 7.3 billion consolidated revenue passenger miles (RPMs) and 8.8 billion consolidated available seat miles (ASMs), resulting in a consolidated traffic increase of 1.7 percent and a capacity decrease of 2.6 percent as compared to October 2008. In October 2009, Continental flew 6.5 billion mainline RPMs and 7.8 billion mainline ASMs, resulting in a mainline traffic increase of 1.9 percent and a mainline capacity decrease of 2.4 percent as compared to October 2008. Domestic mainline traffic was 3.4 billion RPMs in October 2009, up 2.3 percent from October 2008, and domestic mainline capacity was 4.0 billion ASMs, down 0.6 percent from October 2008.
For October 2009, consolidated passenger revenue per available seat mile (RASM) is estimated to have decreased between 14.0 and 15.0 percent compared to October 2008, while mainline RASM is estimated to have decreased between 15.0 and 16.0 percent. For September 2009, consolidated passenger RASM decreased 19.2 percent compared to September 2008, while mainline passenger RASM decreased 21.1 percent compared to September 2008.
Continental's regional operations had a record October load factor of 78.2 percent, 3.3 points above the October 2008 regional load factor. Regional RPMs were 782.0 million, and regional ASMs were 999.9 million in October 2009, resulting in a traffic decrease of 0.4 percent and a capacity decrease of 4.6 percent versus October 2008.
Continental Airlines is the world's fifth largest airline. Continental, together with Continental Express and Continental Connection, has more than 2,400 daily departures throughout the Americas, Europe and Asia, serving 130 domestic and 132 international destinations. Continental is a member of Star Alliance, which provides access to more than 900 additional points in 169 countries via 24 other member airlines. With more than 41,000 employees, Continental has hubs serving New York, Houston, Cleveland and Guam, and together with its regional partners, carries approximately 63 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.
PRELIMINARY TRAFFIC RESULTS
OCTOBER 2009 2008 Change
REVENUE PASSENGER MILES (000)
Domestic 3,443,318 3,365,484 2.3 Percent
International 3,030,719 2,984,903 1.5 Percent
Transatlantic 1,644,064 1,755,376 -6.3 Percent
Latin America 739,631 677,785 9.1 Percent
Pacific 647,024 551,742 17.3 Percent
Mainline 6,474,037 6,350,387 1.9 Percent
Regional 781,992 785,161 -0.4 Percent
Consolidated 7,256,029 7,135,548 1.7 Percent
AVAILABLE SEAT MILES (000)
Domestic 4,031,299 4,054,927 -0.6 Percent
International 3,767,528 3,934,229 -4.2 Percent
Transatlantic 1,961,433 2,321,162 -15.5 Percent
Latin America 922,287 864,651 6.7 Percent
Pacific 883,808 748,416 18.1 Percent
Mainline 7,798,827 7,989,156 -2.4 Percent
Regional 999,920 1,048,292 -4.6 Percent
Consolidated 8,798,747 9,037,448 -2.6 Percent
PASSENGER LOAD FACTOR
Domestic 85.4 Percent 83.0 Percent 2.4 Points
International 80.4 Percent 75.9 Percent 4.5 Points
Transatlantic 83.8 Percent 75.6 Percent 8.2 Points
Latin America 80.2 Percent 78.4 Percent 1.8 Points
Pacific 73.2 Percent 73.7 Percent -0.5 Points
Mainline 83.0 Percent 79.5 Percent 3.5 Points
Regional 78.2 Percent 74.9 Percent 3.3 Points
Consolidated 82.5 Percent 79.0 Percent 3.5 Points
ONBOARD PASSENGERS
Mainline 3,652,061 3,693,011 -1.1 Percent
Regional 1,468,653 1,477,464 -0.6 Percent
Consolidated 5,120,714 5,170,475 -1.0 Percent
CARGO REVENUE TON MILES (000)
Total 95,482 85,671 11.5 Percent
PRELIMINARY TRAFFIC RESULTS
YEAR-TO-DATE 2009 2008 Change
REVENUE PASSENGER MILES (000)
Domestic 33,965,452 36,425,162 -6.8 Percent
International 33,097,127 34,183,234 -3.2 Percent
Transatlantic 17,070,170 18,348,583 -7.0 Percent
Latin America 9,738,816 9,850,926 -1.1 Percent
Pacific 6,288,141 5,983,725 5.1 Percent
Mainline 67,062,579 70,608,396 -5.0 Percent
Regional 7,766,247 8,388,933 -7.4 Percent
Consolidated 74,828,826 78,997,329 -5.3 Percent
AVAILABLE SEAT MILES (000)
Domestic 39,997,466 43,627,730 -8.3 Percent
International 41,919,466 43,486,054 -3.6 Percent
Transatlantic 21,543,959 23,688,636 -9.1 Percent
Latin America 11,983,537 11,974,094 0.1 Percent
Pacific 8,391,970 7,823,324 7.3 Percent
Mainline 81,916,932 87,113,784 -6.0 Percent
Regional 10,144,618 10,985,925 -7.7 Percent
Consolidated 92,061,550 98,099,709 -6.2 Percent
PASSENGER LOAD FACTOR
Domestic 84.9 Percent 83.5 Percent 1.4 Points
International 79.0 Percent 78.6 Percent 0.4 Points
Transatlantic 79.2 Percent 77.5 Percent 1.7 Points
Latin America 81.3 Percent 82.3 Percent -1.0 Point
Pacific 74.9 Percent 76.5 Percent -1.6 Points
Mainline 81.9 Percent 81.1 Percent 0.8 Points
Regional 76.6 Percent 76.4 Percent 0.2 Points
Consolidated 81.3 Percent 80.5 Percent 0.8 Points
ONBOARD PASSENGERS
Mainline 38,270,367 41,407,500 -7.6 Percent
Regional 14,400,964 15,272,255 -5.7 Percent
Consolidated 52,671,331 56,679,755 -7.1 Percent
CARGO REVENUE TON MILES (000)
Total 760,250 855,238 -11.1 Percent
PRELIMINARY OPERATIONAL AND FINANCIAL RESULTS
OCTOBER 2009 2008 Change
On-Time Performance(1) 75.1% 81.4% (6.3) Points
Completion Factor(2) 99.8% 99.7% 0.1 Points
September 2009 year-over-year consolidated
RASM change (19.2) Percent
September 2009 year-over-year mainline
RASM change (21.1) Percent
October 2009 estimated year-over-year
consolidated RASM change (14.0) - (15.0) Percent
October 2009 estimated year-over-year
mainline RASM change (15.0) - (16.0) Percent
October 2009 estimated average price per
gallon of fuel, including fuel taxes 1.89 Dollars
Fourth Quarter 2009 estimated average
price per gallon of fuel, including fuel
taxes 2.06 Dollars
(1) Department of Transportation Arrivals within 14 minutes
(2) Mainline Segment Completion Percentage
SOURCE Continental Airlines
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