Continental Airlines Reports March 2008 Operational Performance


07 Apr 2008 [15:02h]     Bookmark and Share


Continental Airlines Reports March 2008 Operational Performance

Continental Airlines Reports March 2008 Operational Performance


  • Urlaub.digital

Continental Airlines (NYSE: CAL) reported a March consolidated (mainline plus regional) load factor of 82.3 percent, 0.3 points below the March 2007 consolidated load factor, and a mainline load factor of 82.6 percent, 0.5 points below the March 2007 mainline load factor.

Houston – In addition, the carrier reported a record domestic mainline March load factor of 85.2 percent, 1.0 point above March 2007, and an international mainline load factor of 80.0 percent, 1.9 points below March 2007. During the month, Continental recorded a U.S. Department of Transportation on-time arrival rate of 68.4 percent and a mainline segment completion factor of 98.9 percent.

In March 2008, Continental flew 8.3 billion consolidated revenue passenger miles (RPMs) and 10.1 billion consolidated available seat miles (ASMs), resulting in a traffic increase of 4.3 percent and a capacity increase of 4.6 percent as compared to March 2007. In March 2008, Continental flew 7.4 billion mainline RPMs and 9.0 billion mainline ASMs, resulting in a mainline traffic increase of 4.8 percent and a mainline capacity increase of 5.4 percent as compared to March 2007. Domestic mainline traffic was 3.9 billion RPMs in March 2008, up 0.9 percent from March 2007, and domestic mainline capacity was 4.5 billion ASMs, down 0.3 percent from March 2007.

For March 2008, both consolidated and mainline passenger revenue per available seat mile (RASM) are estimated to have increased between 5.5 and 6.5 percent compared to March 2007. For February 2008, consolidated passenger RASM increased 5.4 percent compared to February 2007, while mainline passenger RASM increased 5.3 percent from February 2007.

Continental ended the first quarter of 2008 with unrestricted cash and short-term investments balance of $2.51 billion. This balance excludes $237 million in par value of student loan-related auction rate securities that were previously classified as short-term investments on our consolidated balance sheets. These securities were reclassified as long-term investments during the quarter.

Continental’s regional operations had a record March load factor of 79.7 percent, 1.3 points above the March 2007 load factor. Regional RPMs were 878.8 million and regional ASMs were 1,102.7 million in March 2008, resulting in flat traffic and a capacity decrease of 1.6 percent versus March 2007.

Continental Airlines is the world’s fifth largest airline. Continental, together with Continental Express and Continental Connection, has more than 2,900 daily departures throughout the Americas, Europe and Asia, serving 144 domestic and 139 international destinations. More than 550 additional points are served via SkyTeam alliance airlines. With more than 45,000 employees, Continental has hubs serving New York, Houston, Cleveland and Guam, and together with Continental Express, carries approximately 69 million passengers per year. Continental consistently earns awards and critical acclaim for both its operation and its corporate culture.

For the fourth consecutive year, FORTUNE magazine named Continental the No. 1 World’s Most Admired Airline on its 2007 list of World’s Most Admired Companies. Continental was also named the No. 1 airline on the publication’s 2007 America’s Most Admired airline industry list. Additionally, Continental again won major awards at the OAG Airline of the Year Awards including „Best Airline Based in North America“ for the fourth year in a row, and „Best Executive/Business Class“ for the fifth consecutive year. For more company information, visit 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 2007 10-K and its other securities filings, including any amendments thereto, which identify important matters such as the consequences of the company’s high leverage, the significant cost of aircraft fuel, delays in scheduled aircraft deliveries, its high labor and pension costs, 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 airline pricing environment, industry capacity decisions, industry consolidation, terrorist attacks, regulatory matters, excessive taxation, the availability and cost of insurance, public health threats, an economic downturn in the U.S. and global economies 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

MARCH 2008 2007 Change

REVENUE PASSENGER MILES (000)

Domestic 3,870,731 3,836,151 0.9 Percent

International 3,541,997 3,238,761 9.4 Percent

Transatlantic 1,716,250 1,512,874 13.4 Percent

Latin America 1,169,405 1,045,513 11.8 Percent

Pacific 656,342 680,374 -3.5 Percent

Mainline 7,412,728 7,074,912 4.8 Percent

Regional 878,815 878,401 0.0 Percent

Consolidated 8,291,543 7,953,313 4.3 Percent

AVAILABLE SEAT MILES (000)

Domestic 4,542,933 4,557,383 -0.3 Percent

International 4,428,434 3,955,157 12.0 Percent

Transatlantic 2,203,699 1,870,665 17.8 Percent

Latin America 1,381,112 1,266,020 9.1 Percent

Pacific 843,623 818,472 3.1 Percent

Mainline 8,971,367 8,512,540 5.4 Percent

Regional 1,102,650 1,120,365 -1.6 Percent

Consolidated 10,074,017 9,632,905 4.6 Percent

PASSENGER LOAD FACTOR

Domestic 85.2 Percent 84.2 Percent 1.0 Point

International 80.0 Percent 81.9 Percent -1.9 Points

Transatlantic 77.9 Percent 80.9 Percent -3.0 Points

Latin America 84.7 Percent 82.6 Percent 2.1 Points

Pacific 77.8 Percent 83.1 Percent -5.3 Points

Mainline 82.6 Percent 83.1 Percent -0.5 Points

Regional 79.7 Percent 78.4 Percent 1.3 Points

Consolidated 82.3 Percent 82.6 Percent -0.3 Points

ONBOARD PASSENGERS

Mainline 4,539,771 4,438,980 2.3 Percent

Regional 1,578,906 1,572,692 0.4 Percent

Consolidated 6,118,677 6,011,672 1.8 Percent

CARGO REVENUE TON MILES (000)

Total 93,478 93,042 0.5 Percent

PRELIMINARY TRAFFIC RESULTS

YEAR-TO-DATE 2008 2007 Change

REVENUE PASSENGER MILES (000)

Domestic 10,428,767 10,388,006 0.4 Percent

International 9,494,327 8,702,409 9.1 Percent

Transatlantic 4,477,011 3,957,956 13.1 Percent

Latin America 3,182,659 2,902,069 9.7 Percent

Pacific 1,834,657 1,842,384 -0.4 Percent

Mainline 19,923,094 19,090,415 4.4 Percent

Regional 2,356,778 2,359,645 -0.1 Percent

Consolidated 22,279,872 21,450,060 3.9 Percent

AVAILABLE SEAT MILES (000)

Domestic 12,726,079 12,815,560 -0.7 Percent

International 12,551,800 11,308,601 11.0 Percent

Transatlantic 6,208,622 5,296,254 17.2 Percent

Latin America 3,875,205 3,614,142 7.2 Percent

Pacific 2,467,973 2,398,205 2.9 Percent

Mainline 25,277,879 24,124,161 4.8 Percent

Regional 3,097,526 3,125,950 -0.9 Percent

Consolidated 28,375,405 27,250,111 4.1 Percent

PASSENGER LOAD FACTOR

Domestic 81.9 Percent 81.1 Percent 0.8 Points

International 75.6 Percent 77.0 Percent -1.4 Points

Transatlantic 72.1 Percent 74.7 Percent -2.6 Points

Latin America 82.1 Percent 80.3 Percent 1.8 Points

Pacific 74.3 Percent 76.8 Percent -2.5 Points

Mainline 78.8 Percent 79.1 Percent -0.3 Points

Regional 76.1 Percent 75.5 Percent 0.6 Points

Consolidated 78.5 Percent 78.7 Percent -0.2 Points

ONBOARD PASSENGERS

Mainline 12,196,376 11,945,443 2.1 Percent

Regional 4,242,642 4,231,307 0.3 Percent

Consolidated 16,439,018 16,176,750 1.6 Percent

CARGO REVENUE TON MILES (000)

Total 261,294 254,071 2.8 Percent

PRELIMINARY OPERATIONAL AND FINANCIAL RESULTS

MARCH 2008 2007 Change

On-Time Performance (1) 68.4% 71.2% (2.8)Points

Completion Factor (2) 98.9% 97.7% 1.2 Points

February 2008 year-over-year consolidated RASM change 5.4 Percent

February 2008 year-over-year mainline RASM change 5.3 Percent

March 2008 estimated year-over-year consolidated RASM

change 5.5 – 6.5 Percent

March 2008 estimated year-over-year mainline RASM

change 5.5 – 6.5 Percent

March 2008 estimated average price per gallon of fuel,

including fuel taxes 2.98 Dollars

First Quarter 2008 estimated average price per gallon

of fuel, including fuel taxes 2.80 Dollars

(1) Department of Transportation Arrivals within 14 minutes

(2) Mainline Segment Completion Percentage


  • Palma.guide

Adresse
Continental Airlines, Inc.
P.O. Box 4607, Houston
TX 77210-4607
Corporate Communications of Continental Airlines
Tel.:+1-713-324-5080

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