Continental Airlines Reports November 2008 Operational Performance
today reported a November consolidated (mainline plus regional) load factor of
77.3 percent, 2.8 points below the
a mainline load factor of 77.8 percent, 2.6 points below the
mainline load factor. In addition, the carrier reported a domestic mainline
November load factor of 80.6 percent, 2.5 points below the
domestic mainline load factor, and an international mainline load factor of
75.0 percent, 2.4 points below
During the month, Continental recorded a U.S. Department of Transportation
(DOT) on-time arrival rate of 80.8 percent and a mainline segment completion
factor of 99.9 percent.
In
passenger miles (RPMs) and 8.5 billion consolidated available seat miles
(ASMs), resulting in a consolidated traffic decrease of 10.5 percent and a
capacity decrease of 7.3 percent as compared to
2008
ASMs, resulting in a mainline traffic decrease of 10.7 percent and a mainline
capacity decrease of 7.8 percent as compared to
mainline traffic was 3.1 billion RPMs in
percent from
For
(RASM) is estimated to have increased between 1.0 and 2.0 percent compared to
between 2.0 and 3.0 percent compared to
for
to
For
compared to
compared to
Continental’s regional operations had a November load factor of 73.1
percent, 4.6 points below the
RPMs were 715.0 million and regional ASMs were 977.5 million in
resulting in a traffic decrease of 8.9 percent and a capacity decrease of 3.2
percent versus
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,
domestic and 131 international destinations. More than 675 additional points
are served via alliance partners. With more than 43,000 employees,
Continental has hubs serving
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 fifth consecutive year, FORTUNE
magazine named Continental the No. 1 World’s Most Admired Airline on its 2008
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 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 volatility in the cost of aircraft
fuel, the company’s transition to a new global alliance, 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
NOVEMBER 2008 2007 Change
REVENUE PASSENGER MILES (000)
Domestic 3,079,293 3,622,394 -15.0 Percent
International 2,784,408 2,944,508 -5.4 Percent
Transatlantic 1,465,741 1,518,980 -3.5 Percent
Latin America 801,485 821,060 -2.4 Percent
Pacific 517,182 604,468 -14.4 Percent
Mainline 5,863,701 6,566,902 -10.7 Percent
Regional 715,003 785,014 -8.9 Percent
Consolidated 6,578,704 7,351,916 -10.5 Percent
AVAILABLE SEAT MILES (000)
Domestic 3,820,013 4,361,285 -12.4 Percent
International 3,712,195 3,805,619 -2.5 Percent
Transatlantic 1,986,001 1,975,055 0.6 Percent
Latin America 1,016,962 1,028,432 -1.1 Percent
Pacific 709,232 802,132 -11.6 Percent
Mainline 7,532,208 8,166,904 -7.8 Percent
Regional 977,543 1,009,989 -3.2 Percent
Consolidated 8,509,751 9,176,893 -7.3 Percent
PASSENGER LOAD FACTOR
Domestic 80.6 Percent 83.1 Percent -2.5 Points
International 75.0 Percent 77.4 Percent -2.4 Points
Transatlantic 73.8 Percent 76.9 Percent -3.1 Points
Latin America 78.8 Percent 79.8 Percent -1.0 Points
Pacific 72.9 Percent 75.4 Percent -2.5 Points
Mainline 77.8 Percent 80.4 Percent -2.6 Points
Regional 73.1 Percent 77.7 Percent -4.6 Points
Consolidated 77.3 Percent 80.1 Percent -2.8 Points
ONBOARD PASSENGERS
Mainline 3,487,165 4,049,359 -13.9 Percent
Regional 1,325,422 1,453,089 -8.8 Percent
Consolidated 4,812,587 5,502,448 -12.5 Percent
CARGO REVENUE TON MILES (000)
Total 79,033 93,078 -15.1 Percent
PRELIMINARY TRAFFIC RESULTS
YEAR-TO-DATE 2008 2007 Change
REVENUE PASSENGER MILES (000)
Domestic 39,504,455 41,663,896 -5.2 Percent
International 36,967,642 35,815,311 3.2 Percent
Transatlantic 19,814,324 18,593,410 6.6 Percent
Latin America 10,652,411 10,198,420 4.5 Percent
Pacific 6,500,907 7,023,481 -7.4 Percent
Mainline 76,472,097 77,479,207 -1.3 Percent
Regional 9,103,936 9,063,304 0.4 Percent
Consolidated 85,576,033 86,542,511 -1.1 Percent
AVAILABLE SEAT MILES (000)
Domestic 47,447,743 49,553,311 -4.2 Percent
International 47,198,249 44,922,409 5.1 Percent
Transatlantic 25,674,637 23,328,808 10.1 Percent
Latin America 12,991,056 12,602,633 3.1 Percent
Pacific 8,532,556 8,990,968 -5.1 Percent
Mainline 94,645,992 94,475,720 0.2 Percent
Regional 11,963,468 11,573,141 3.4 Percent
Consolidated 106,609,460 106,048,861 0.5 Percent
PASSENGER LOAD FACTOR
Domestic 83.3 Percent 84.1 Percent -0.8 Points
International 78.3 Percent 79.7 Percent -1.4 Points
Transatlantic 77.2 Percent 79.7 Percent -2.5 Points
Latin America 82.0 Percent 80.9 Percent 1.1 Points
Pacific 76.2 Percent 78.1 Percent -1.9 Points
Mainline 80.8 Percent 82.0 Percent -1.2 Points
Regional 76.1 Percent 78.3 Percent -2.2 Points
Consolidated 80.3 Percent 81.6 Percent -1.3 Points
ONBOARD PASSENGERS
Mainline 44,894,665 46,814,584 -4.1 Percent
Regional 16,597,677 16,538,162 0.4 Percent
Consolidated 61,492,342 63,352,746 -2.9 Percent
CARGO REVENUE TON MILES (000)
Total 934,676 945,384 -1.1 Percent
PRELIMINARY OPERATIONAL AND FINANCIAL RESULTS
NOVEMBER 2008 2007 Change
On-Time Performance (1) 80.8% 78.0% 2.8 Points
Completion Factor (2) 99.9% 99.8% 0.1 Points
October 2008 year-over-year consolidated RASM change 9.5 Percent
October 2008 year-over-year mainline RASM change 10.4 Percent
November 2008 estimated year-over-year consolidated
RASM change 1.0 - 2.0 Percent
November 2008 estimated year-over-year mainline
RASM change 2.0 - 3.0 Percent
November 2008 estimated average price per gallon
of fuel, including fuel taxes 2.77 Dollars
Fourth Quarter 2008 estimated average price per gallon
of fuel, including fuel taxes 3.03 Dollars
(1) Department of Transportation Arrivals within 14 minutes
(2) Mainline Segment Completion Percentage
SOURCE Continental Airlines