Continental Airlines Reports September 2007 Operational Performance


02 Okt 2007 [01:36h]     Bookmark and Share


  • Urlaub.digital

Continental Airlines (NYSE: CAL) today reported a September consolidated (mainline plus regional) load factor of 79.0 percent, 0.8 points above the September 2006 consolidated load factor, and a mainline load factor of 79.2 percent, 0.6 points above the September 2006 mainline load factor.

HOUSTON – Both load factors were records for the month. In addition, the carrier reported a domestic mainline load factor of 81.1 percent, 0.1 points below September 2006, and an international mainline load factor of 77.2 percent, 1.5 points above September 2006.

During the month, Continental excelled operationally, recording a U.S. Department of Transportation (DOT) on-time arrival rate of 88.0 percent, its fifth best on-time performance of any month in the carrier’s history. In addition, the carrier reported a mainline mileage completion factor of 99.9 percent, a record for September. The carrier’s mainline segment completion factor for the month was 99.8 percent.

In September 2007, Continental flew 7.3 billion consolidated revenue passenger miles (RPMs) and 9.2 billion consolidated available seat miles (ASMs), resulting in a traffic increase of 5.6 percent and a capacity increase of 4.5 percent as compared to September 2006. In September 2007, Continental flew 6.5 billion mainline RPMs and 8.3 billion mainline ASMs, resulting in a mainline traffic increase of 7.1 percent and a mainline capacity increase of 6.2 percent as compared to September 2006. Domestic mainline traffic was 3.4 billion RPMs in September 2007, up 4.5 percent from September 2006, and domestic mainline capacity was 4.3 billion ASMs, up 4.6 percent from September 2006.

For September 2007, consolidated passenger revenue per available seat mile (RASM) is estimated to have increased between 4.5 and 5.5 percent compared to September 2006, while mainline passenger RASM is estimated to have increased between 5.5 and 6.5 percent compared to September 2006. For August 2007, consolidated passenger RASM increased 7.3 percent compared to August 2006, while mainline passenger RASM increased 8.8 percent from August 2006.

Continental ended the third quarter of 2007 with unrestricted cash and short-term investments of approximately $3.04 billion.

Continental’s regional operations had a record September load factor of 76.5 percent, 1.5 points above the September 2006 load factor. Regional RPMs were 743.9 million and regional ASMs were 972.3 million in September 2007, resulting in a traffic decrease of 5.9 percent and a capacity decrease of 7.9 percent versus September 2006.

Continental Airlines is the world’s fifth largest airline. Continental, together with Continental Express and Continental Connection, has more than 3,100 daily departures throughout the Americas, Europe and Asia, serving 144 domestic and 138 international destinations. More than 400 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 67 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 2006 10-K and its other securities filings, including any amendments thereto, which identify important matters such as the consequences of the company’s significant financial losses and high leverage, the significant cost of aircraft fuel, its high labor and pension costs, service interruptions at one of its hub airports, 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 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

    SEPTEMBER                 2007         2006          Change
    REVENUE PASSENGER
     MILES (000)
      Domestic           3,448,145    3,300,487          4.5  Percent

      International      3,097,052    2,813,233         10.1  Percent
      Transatlantic      1,814,237    1,595,875         13.7  Percent
      Latin America        671,055      613,867          9.3  Percent
      Pacific              611,760      603,491          1.4  Percent

      Mainline           6,545,197    6,113,720          7.1  Percent
      Regional             743,920      790,974         -5.9  Percent
      Consolidated       7,289,117    6,904,694          5.6  Percent

    AVAILABLE SEAT
     MILES (000)
      Domestic           4,250,123    4,063,216          4.6  Percent

      International      4,009,227    3,716,264          7.9  Percent
      Transatlantic      2,303,334    2,027,996         13.6  Percent
      Latin America        898,551      881,362          2.0  Percent
      Pacific              807,342      806,906          0.1  Percent

      Mainline           8,259,350    7,779,480          6.2  Percent
      Regional             972,315    1,055,252         -7.9  Percent
      Consolidated       9,231,665    8,834,732          4.5  Percent

    PASSENGER LOAD FACTOR
      Domestic        81.1 Percent 81.2 Percent         -0.1   Points

      International   77.2 Percent 75.7 Percent          1.5   Points
      Transatlantic   78.8 Percent 78.7 Percent          0.1   Points
      Latin America   74.7 Percent 69.6 Percent          5.1   Points
      Pacific         75.8 Percent 74.8 Percent          1.0   Points

      Mainline        79.2 Percent 78.6 Percent          0.6   Points
      Regional        76.5 Percent 75.0 Percent          1.5   Points
      Consolidated    79.0 Percent 78.2 Percent          0.8   Points

    ONBOARD PASSENGERS
      Mainline           3,751,807    3,574,568          5.0  Percent
      Regional           1,383,022    1,421,864         -2.7  Percent
      Consolidated       5,134,829    4,996,432          2.8  Percent

    CARGO REVENUE TON MILES (000)
      Total                 86,730       90,420         -4.1  Percent



                         PRELIMINARY TRAFFIC RESULTS

    YEAR-TO-DATE              2007         2006         Change

    REVENUE PASSENGER
     MILES (000)
      Domestic          34,292,570   32,456,079          5.7  Percent

      International     29,746,500   27,503,339          8.2  Percent
      Transatlantic     15,282,538   13,588,299         12.5  Percent
      Latin America      8,672,677    8,275,059          4.8  Percent
      Pacific            5,791,285    5,639,981          2.7  Percent

      Mainline          64,039,070   59,959,418          6.8  Percent
      Regional           7,456,823    7,782,641         -4.2  Percent
      Consolidated      71,495,893   67,742,059          5.5  Percent

    AVAILABLE SEAT MILES (000)
      Domestic          40,646,585   38,716,240          5.0  Percent

      International     37,045,627   34,961,179          6.0  Percent
      Transatlantic     19,032,122   17,160,682         10.9  Percent
      Latin America     10,654,600   10,464,229          1.8  Percent
      Pacific            7,358,905    7,336,268          0.3  Percent

      Mainline          77,692,212   73,677,419          5.4  Percent
      Regional           9,495,368    9,958,862         -4.7  Percent
      Consolidated      87,187,580   83,636,281          4.2  Percent

    PASSENGER LOAD FACTOR
      Domestic        84.4 Percent 83.8 Percent          0.6   Points

      International   80.3 Percent 78.7 Percent          1.6   Points
      Transatlantic   80.3 Percent 79.2 Percent          1.1   Points
      Latin America   81.4 Percent 79.1 Percent          2.3   Points
      Pacific         78.7 Percent 76.9 Percent          1.8   Points

      Mainline        82.4 Percent 81.4 Percent          1.0   Points
      Regional        78.5 Percent 78.1 Percent          0.4   Points
      Consolidated    82.0 Percent 81.0 Percent          1.0   Points

    ONBOARD PASSENGERS
      Mainline          38,649,351   36,751,863          5.2  Percent
      Regional          13,549,347   13,763,175         -1.6  Percent
      Consolidated      52,198,698   50,515,038          3.3  Percent

    CARGO REVENUE TON
     MILES (000)
      Total                758,029      794,149         -4.5  Percent



                PRELIMINARY OPERATIONAL AND FINANCIAL RESULTS
    SEPTEMBER                          2007            2006        Change

    On-Time Performance (1)           88.0%           81.3%        6.7  Points
    Completion Factor (2)             99.8%           99.8%        --   Points
    August 2007 year-over-year consolidated RASM change            7.3 Percent
    August 2007 year-over-year mainline RASM change                8.8 Percent
    September 2007 estimated year-over-year consolidated
     RASM change                                             4.5 - 5.5 Percent
    September 2007 estimated year-over-year mainline
     RASM change                                             5.5 - 6.5 Percent
    September 2007 estimated average price per gallon of
     fuel, including fuel taxes                                   2.23 Dollars
    Third Quarter 2007 estimated average price per gallon
     of fuel, including fuel taxes                                2.21 Dollars

    (1) Department of Transportation Arrivals within 14 minutes
    (2) Mainline Segment Completion Percentage


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