Continental Airlines Reports May 2010 Operational Performance

Jun 01, 2010, 18:23 ET from Continental Airlines

HOUSTON, June 1 /PRNewswire-FirstCall/ -- Continental Airlines (NYSE: CAL) today reported a May consolidated (mainline plus regional) load factor of 83.8 percent, 2.9 points above the May 2009 consolidated load factor, and a mainline load factor of 84.1 percent, 2.8 points above the May 2009 mainline load factor. The carrier reported a domestic mainline May load factor of 85.4 percent, 0.7 points above the May 2009 domestic mainline load factor, and an international mainline load factor of 82.9 percent, 4.9 points above May 2009. All four May load factors were records for the month.  

During May, Continental recorded a U.S. Department of Transportation (DOT) on-time arrival rate of 82.5 percent and a mainline segment completion factor of 99.4 percent.

In May 2010, Continental flew 7.8 billion consolidated revenue passenger miles (RPMs) and 9.3 billion consolidated available seat miles (ASMs), resulting in a consolidated traffic increase of 3.7 percent and a consolidated capacity increase of 0.2 percent as compared to May 2009. In May 2010, Continental flew 7.0 billion mainline RPMs and 8.3 billion mainline ASMs, resulting in a mainline traffic increase of 3.2 percent and a mainline capacity decrease of 0.3 percent as compared to May 2009. Domestic mainline traffic was 3.4 billion RPMs in May 2010, down 1.4 percent from May 2009, and domestic mainline capacity was 4.0 billion ASMs, down 2.2 percent from May 2009.

For May 2010, consolidated passenger revenue per available seat mile (RASM) is estimated to have increased between 23.0 and 24.0 percent compared to May 2009, while mainline RASM is estimated to have increased between 22.5 and 23.5 percent. For April 2010, consolidated passenger RASM increased 14.8 percent compared to April 2009, while mainline passenger RASM increased 12.6 percent compared to April 2009.

Continental's regional operations had a May load factor of 81.0 percent, 3.0 points above the May 2009 regional load factor. Regional RPMs were 834.2 million and regional ASMs were 1,030.3 million in May 2010, resulting in a traffic increase of 8.2 percent and a capacity increase of 4.2 percent versus May 2009.

Continental Airlines is the world's fifth largest airline. Continental, together with Continental Express and Continental Connection, has more than 2,700 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 21,050 daily flights to 1,167 airports in 181 countries through its 27 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

MAY

2010

2009

Change

REVENUE PASSENGER MILES (000)

Domestic

3,399,245

3,446,789

-1.4

Percent

International

3,579,626

3,314,327

8.0

Percent

Transatlantic

1,871,434

1,871,204

0.0

Percent

Latin America

950,899

817,258

16.4

Percent

Pacific

757,293

625,865

21.0

Percent

Mainline

6,978,871

6,761,116

3.2

Percent

Regional

834,201

771,316

8.2

Percent

Consolidated

7,813,072

7,532,432

3.7

Percent

AVAILABLE SEAT MILES (000)

Domestic

3,979,807

4,069,697

-2.2

Percent

International

4,316,804

4,249,984

1.6

Percent

Transatlantic

2,193,564

2,299,445

-4.6

Percent

Latin America

1,223,201

1,060,212

15.4

Percent

Pacific

900,039

890,327

1.1

Percent

Mainline

8,296,611

8,319,681

-0.3

Percent

Regional

1,030,325

988,786

4.2

Percent

Consolidated

9,326,936

9,308,467

0.2

Percent

PASSENGER LOAD FACTOR

Domestic

85.4 Percent

84.7 Percent

0.7

Points

International

82.9 Percent

78.0 Percent

4.9

Points

Transatlantic

85.3 Percent

81.4 Percent

3.9

Points

Latin America

77.7 Percent

77.1 Percent

0.6

Points

Pacific

84.1 Percent

70.3 Percent

13.8

Points

Mainline

84.1 Percent

81.3 Percent

2.8

Points

Regional

81.0 Percent

78.0 Percent

3.0

Points

Consolidated

83.8 Percent

80.9 Percent

2.9

Points

ONBOARD PASSENGERS

Mainline

3,817,735

3,807,770

0.3

Percent

Regional

1,532,200

1,455,398

5.3

Percent

Consolidated

5,349,935

5,263,168

1.6

Percent

CARGO REVENUE TON MILES (000)

Total

100,950

73,439

37.5

Percent

PRELIMINARY TRAFFIC RESULTS

YEAR-TO-DATE

2010

2009

Change

REVENUE PASSENGER MILES (000)

Domestic

15,624,967

15,722,063

-0.6

Percent

International

16,625,766

15,518,747

7.1

Percent

Transatlantic

7,746,608

7,654,042

1.2

Percent

Latin America

5,381,127

4,974,452

8.2

Percent

Pacific

3,498,031

2,890,253

21.0

Percent

Mainline

32,250,733

31,240,810

3.2

Percent

Regional

3,853,143

3,647,748

5.6

Percent

Consolidated

36,103,876

34,888,558

3.5

Percent

AVAILABLE SEAT MILES (000)

Domestic

18,748,247

19,142,629

-2.1

Percent

International

20,791,692

20,701,325

0.4

Percent

Transatlantic

9,723,327

10,438,638

-6.9

Percent

Latin America

6,733,566

6,299,670

6.9

Percent

Pacific

4,334,799

3,963,017

9.4

Percent

Mainline

39,539,939

39,843,954

-0.8

Percent

Regional

4,993,257

4,976,130

0.3

Percent

Consolidated

44,533,196

44,820,084

-0.6

Percent

PASSENGER LOAD FACTOR

Domestic

83.3 Percent

82.1 Percent

1.2

Points

International

80.0 Percent

75.0 Percent

5.0

Points

Transatlantic

79.7 Percent

73.3 Percent

6.4

Points

Latin America

79.9 Percent

79.0 Percent

0.9

Points

Pacific

80.7 Percent

72.9 Percent

7.8

Points

Mainline

81.6 Percent

78.4 Percent

3.2

Points

Regional

77.2 Percent

73.3 Percent

3.9

Points

Consolidated

81.1 Percent

77.8 Percent

3.3

Points

ONBOARD PASSENGERS

Mainline

18,089,280

18,336,478

-1.3

Percent

Regional

7,022,047

6,744,750

4.1

Percent

Consolidated

25,111,327

25,081,228

0.1

Percent

CARGO REVENUE TON MILES (000)

Total

453,306

346,468

30.8

Percent

PRELIMINARY OPERATIONAL AND FINANCIAL RESULTS

MAY

2010

2009

Change

On-Time Performance (1)

82.5%

83.5%

(1.0)

Points

Completion Factor (2)

99.4%

99.6%

(0.2)

Points

April 2010 year-over-year consolidated RASM change

14.8

Percent

April 2010 year-over-year mainline RASM change

12.6

Percent

May 2010 estimated year-over-year consolidated RASM change

23.0 - 24.0

Percent

May 2010 estimated year-over-year mainline RASM change

22.5 - 23.5

Percent

May 2010 estimated average price per gallon of fuel, including fuel taxes

2.33

Dollars

Second Quarter 2010 estimated average price per gallon of fuel, including fuel taxes

2.25

Dollars

(1) Department of Transportation Arrivals within 14 minutes

(2) Mainline Segment Completion Factor

SOURCE Continental Airlines



RELATED LINKS

http://www.continental.com