Continental Airlines Reports January 2010 Operational Performance
February 01 2010 - 5:32PM
PR Newswire (US)
HOUSTON, Feb. 1 /PRNewswire-FirstCall/ -- Continental Airlines
(NYSE:CAL) today reported a January consolidated (mainline plus
regional) load factor of 77.2 percent, 4.0 points above the January
2009 consolidated load factor, and a mainline load factor of 78.0
percent, 4.0 points above the January 2009 mainline load factor.
Both January load factors were records for the month. The carrier
reported a domestic mainline January load factor of 78.2 percent,
1.6 points above the January 2009 domestic mainline load factor,
and a record international mainline load factor of 77.8 percent,
6.1 points above January 2009. During January, Continental recorded
a U.S. Department of Transportation (DOT) on-time arrival rate of
82.3 percent and a mainline segment completion factor of 99.5
percent. In January 2010, Continental flew 7.0 billion consolidated
revenue passenger miles (RPMs) and 9.0 billion consolidated
available seat miles (ASMs), resulting in a consolidated traffic
increase of 8.5 percent and a capacity increase of 2.8 percent as
compared to January 2009. In January 2010, Continental flew 6.3
billion mainline RPMs and 8.1 billion mainline ASMs, resulting in a
mainline traffic increase of 8.6 percent and a mainline capacity
increase of 3.1 percent as compared to January 2009. Domestic
mainline traffic was 2.9 billion RPMs in January 2010, up 2.4
percent from January 2009, and domestic mainline capacity was 3.7
billion ASMs, up 0.2 percent from January 2009. For January 2010,
consolidated passenger revenue per available seat mile (RASM) is
estimated to have decreased between 1.0 and 2.0 percent compared to
January 2009, while mainline RASM is estimated to have decreased
between 2.5 and 3.5 percent. For December 2009, consolidated
passenger RASM decreased 4.1 percent compared to December 2008,
while mainline passenger RASM decreased 4.8 percent compared to
December 2008. Continental's regional operations had a January load
factor of 70.7 percent, 4.2 points above the January 2009 regional
load factor. Regional RPMs were 696.8 million and regional ASMs
were 984.9 million in January 2010, resulting in a traffic increase
of 7.4 percent and a capacity increase of 0.9 percent versus
January 2009. Continental Airlines is the world's fifth largest
airline. Continental, together with Continental Express and
Continental Connection, has more than 2,500 daily departures
throughout the Americas, Europe and Asia, serving 133 domestic and
135 international destinations. Continental is a member of Star
Alliance, which overall offers 19,700 daily flights to 1,077
airports in 175 countries through its 26 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.
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 JANUARY 2010 2009
Change REVENUE PASSENGER MILES (000) Domestic 2,912,661 2,845,229
2.4 Percent International 3,365,819 2,934,385 14.7 Percent
Transatlantic 1,489,850 1,316,265 13.2 Percent Latin America
1,167,462 1,060,217 10.1 Percent Pacific 708,507 557,903 27.0
Percent Mainline 6,278,480 5,779,614 8.6 Percent Regional 696,803
648,796 7.4 Percent Consolidated 6,975,283 6,428,410 8.5 Percent
AVAILABLE SEAT MILES (000) Domestic 3,724,256 3,715,726 0.2 Percent
International 4,327,218 4,094,507 5.7 Percent Transatlantic
1,947,216 2,033,485 -4.2 Percent Latin America 1,449,383 1,327,087
9.2 Percent Pacific 930,619 733,935 26.8 Percent Mainline 8,051,474
7,810,233 3.1 Percent Regional 984,944 975,959 0.9 Percent
Consolidated 9,036,418 8,786,192 2.8 Percent PASSENGER LOAD FACTOR
Domestic 78.2 Percent 76.6 Percent 1.6 Points International 77.8
Percent 71.7 Percent 6.1 Points Transatlantic 76.5 Percent 64.7
Percent 11.8 Points Latin America 80.5 Percent 79.9 Percent 0.6
Points Pacific 76.1 Percent 76.0 Percent 0.1 Points Mainline 78.0
Percent 74.0 Percent 4.0 Points Regional 70.7 Percent 66.5 Percent
4.2 Points Consolidated 77.2 Percent 73.2 Percent 4.0 Points
ONBOARD PASSENGERS Mainline 3,453,155 3,384,402 2.0 Percent
Regional 1,253,951 1,179,839 6.3 Percent Consolidated 4,707,106
4,564,241 3.1 Percent CARGO REVENUE TON MILES (000) Total 64,381
63,103 2.0 Percent PRELIMINARY OPERATIONAL AND FINANCIAL RESULTS
JANUARY 2010 2009 Change On-Time Performance (1) 82.3% 77.4% 4.9
Points Completion Factor (2) 99.5% 99.3% 0.2 Points December 2009
year-over-year consolidated RASM change (4.1) Percent December 2009
year-over-year mainline RASM change (4.8) Percent January 2010
estimated year-over-year consolidated RASM change (1.0) - (2.0)
Percent January 2010 estimated year-over-year mainline RASM change
(2.5) - (3.5) Percent January 2010 estimated average price per
gallon of fuel, including fuel taxes 2.16 Dollars First Quarter
2010 estimated average price per gallon of fuel, including fuel
taxes 2.10 Dollars (1) Department of Transportation Arrivals within
14 minutes (2) Mainline Segment Completion Percentage DATASOURCE:
Continental Airlines CONTACT: Corporate Communications of
Continental Airlines, +1-713-324-5080, Web Site:
http://www.continental.com/
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