Continental Airlines (NYSE: CAL) today reported a June consolidated (mainline plus regional) load factor of 86.9 percent, 2.1 points above the June 2009 consolidated load factor, and a mainline load factor of 87.3 percent, 2.1 points above the June 2009 mainline load factor.
HOUSTON – Continental Airlines (NYSE: CAL) today reported a June consolidated (mainline plus regional) load factor of 86.9 percent, 2.1 points above the June 2009 consolidated load factor, and a mainline load factor of 87.3 percent, 2.1 points above the June 2009 mainline load factor. Both June load factors were records for the month. The carrier reported a record June domestic mainline load factor of 88.2 percent, 0.1 points above the June 2009 domestic mainline load factor, and an all time record international mainline load factor of 86.5 percent, 4.0 points above June 2009.
During June, Continental recorded a U.S. Department of Transportation on-time arrival rate of 80.8 percent and a mainline segment completion factor of 99.9 percent.
In June 2010, Continental flew 8.4 billion consolidated revenue passenger miles (RPMs) and 9.7 billion consolidated available seat miles (ASMs), resulting in a consolidated traffic increase of 4.7 percent and a capacity increase of 2.2 percent as compared to June 2009. In June 2010, Continental flew 7.5 billion mainline RPMs and 8.6 billion mainline ASMs, resulting in a mainline traffic increase of 4.6 percent and a mainline capacity increase of 2.0 percent compared to the same period last year. Domestic mainline traffic was 3.7 billion RPMs in June 2010, up 0.3 percent from June 2009, and domestic mainline capacity was 4.2 billion ASMs, up 0.1 percent from June 2009.
For June 2010, consolidated passenger revenue per available seat mile (RASM) is estimated to have increased between 21.0 and 22.0 percent compared to June 2009, while mainline RASM is estimated to have increased between 20.5 and 21.5 percent. For May 2010, consolidated passenger RASM increased 23.4 percent compared to May 2009, while mainline passenger RASM increased 22.6 percent compared to the same period 2009.
Continental ended the second quarter 2010 with an unrestricted cash, cash equivalents and short-term investments balance of approximately $3.51 billion.
Continental’s regional operations had a record June load factor of 83.0 percent, 1.5 points above the June 2009 regional load factor. Regional RPMs were 894.8 million and regional ASMs were 1,078.2 million in June 2010, resulting in a traffic increase of 5.7 percent and a capacity increase of 3.8 percent versus June 2009.
Continental Airlines is the world’s fifth largest airline. Continental, together with Continental Express and Continental Connection, has more than 2,600 daily departures throughout the Americas, Europe and Asia, serving 132 domestic and 137 international destinations. Continental is a member of Star Alliance, which overall offers more than 21,200 daily flights to 1,172 airports in 181 countries through its 28 member airlines. With more than 40,000 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 nine consecutive years, FORTUNE magazine has ranked Continental as the top U.S. airline on its „World’s Most Admired Companies“ airline industry list. 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 2009 Form 10-K and its other securities filings, including any amendments thereto, which identify important matters such as the potential for significant volatility in the cost of aircraft fuel, 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 continuing weakness in the U.S. and global economies, the airline pricing environment, terrorist attacks, regulatory matters, excessive taxation, industry consolidation and airline alliances, 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
JUNE 2010 2009 Change
REVENUE PASSENGER MILES (000)
Domestic 3,704,119 3,694,353 0.3 Percent
International 3,845,086 3,526,037 9.0 Percent
Transatlantic 2,029,277 1,902,543 6.7 Percent
Latin America 1,064,322 999,397 6.5 Percent
Pacific 751,487 624,097 20.4 Percent
Mainline 7,549,205 7,220,390 4.6 Percent
Regional 894,780 846,498 5.7 Percent
Consolidated 8,443,985 8,066,888 4.7 Percent
AVAILABLE SEAT MILES
(000)
Domestic 4,199,804 4,195,675 0.1 Percent
International 4,443,521 4,275,927 3.9 Percent
Transatlantic 2,284,623 2,283,737 0.0 Percent
Latin America 1,293,263 1,155,496 11.9 Percent
Pacific 865,635 836,694 3.5 Percent
Mainline 8,643,325 8,471,602 2.0 Percent
Regional 1,078,189 1,038,791 3.8 Percent
Consolidated 9,721,514 9,510,393 2.2 Percent
PASSENGER LOAD FACTOR
Domestic 88.2 Percent 88.1 Percent 0.1 Points
International 86.5 Percent 82.5 Percent 4.0 Points
Transatlantic 88.8 Percent 83.3 Percent 5.5 Points
Latin America 82.3 Percent 86.5 Percent -4.2 Points
Pacific 86.8 Percent 74.6 Percent 12.2 Points
Mainline 87.3 Percent 85.2 Percent 2.1 Points
Regional 83.0 Percent 81.5 Percent 1.5 Points
Consolidated 86.9 Percent 84.8 Percent 2.1 Points
ONBOARD PASSENGERS
Mainline 4,082,718 4,101,183 -0.5 Percent
Regional 1,639,787 1,573,268 4.2 Percent
Consolidated 5,722,505 5,674,451 0.8 Percent
CARGO REVENUE TON MILES
(000)
Total 94,695 73,444 28.9 Percent
PRELIMINARY TRAFFIC RESULTS
YEAR-TO-DATE 2010 2009 Change
REVENUE PASSENGER MILES (000)
Domestic 19,329,061 19,416,416 -0.4 Percent
International 20,470,821 19,044,784 7.5 Percent
Transatlantic 9,775,854 9,556,585 2.3 Percent
Latin America 6,445,449 5,973,848 7.9 Percent
Pacific 4,249,518 3,514,351 20.9 Percent
Mainline 39,799,882 38,461,200 3.5 Percent
Regional 4,747,923 4,494,255 5.6 Percent
Consolidated 44,547,805 42,955,455 3.7 Percent
AVAILABLE SEAT MILES
(000)
Domestic 22,948,051 23,338,304 -1.7 Percent
International 25,235,214 24,977,251 1.0 Percent
Transatlantic 12,007,951 12,722,375 -5.6 Percent
Latin America 8,026,829 7,455,165 7.7 Percent
Pacific 5,200,434 4,799,711 8.3 Percent
Mainline 48,183,265 48,315,555 -0.3 Percent
Regional 6,071,446 6,014,921 0.9 Percent
Consolidated 54,254,711 54,330,476 -0.1 Percent
PASSENGER LOAD FACTOR
Domestic 84.2 Percent 83.2 Percent 1.0 Point
International 81.1 Percent 76.2 Percent 4.9 Points
Transatlantic 81.4 Percent 75.1 Percent 6.3 Points
Latin America 80.3 Percent 80.1 Percent 0.2 Points
Pacific 81.7 Percent 73.2 Percent 8.5 Points
Mainline 82.6 Percent 79.6 Percent 3.0 Points
Regional 78.2 Percent 74.7 Percent 3.5 Points
Consolidated 82.1 Percent 79.1 Percent 3.0 Points
ONBOARD PASSENGERS
Mainline 22,171,973 22,437,661 -1.2 Percent
Regional 8,661,834 8,318,018 4.1 Percent
Consolidated 30,833,807 30,755,679 0.3 Percent
CARGO REVENUE TON MILES
(000)
Total 548,001 419,901 30.5 Percent
PRELIMINARY OPERATIONAL AND FINANCIAL RESULTS
JUNE 2010 2009 Change
On-Time Performance (1) 80.8% 80.5% 0.3 Points
Completion Factor (2) 99.9% 99.8% 0.1 Points
May 2010 year-over-year consolidated
RASM change 23.4 Percent
May 2010 year-over-year mainline RASM change 22.6 Percent
June 2010 estimated year-over-year
consolidated RASM change 21.0 - 22.0 Percent
June 2010 estimated year-over-year
mainline RASM change 20.5 - 21.5 Percent
June 2010 estimated average price per gallon
of fuel, including fuel taxes 2.20 Dollars
Second Quarter 2010 estimated average price
per gallon of fuel, including fuel taxes 2.26 Dollars
(1) Department of Transportation Arrivals within 14
(2) Mainline Segment Completion Percentage
