HOUSTON,
Sept. 2 /PRNewswire-FirstCall/ -- Continental Airlines
(NYSE: CAL) today reported an August consolidated (mainline plus regional)
load factor of 83.9 percent, 1.4 points below the
August 2007 consolidated
load factor, and a mainline load factor of 84.9 percent, 1.0 point below the
August 2007 mainline load factor. In addition, the carrier reported a
domestic mainline August load factor of 86.3 percent, 1.7 points below the
August 2007 domestic mainline load factor, and an international mainline load
factor of 83.4 percent, 0.3 points below
August 2007.
During the month, Continental recorded a U.S. Department of Transportation
on-time arrival rate of 73.8 percent and a mainline segment completion factor
of 99.4 percent.
In August 2008, Continental flew 9.1 billion consolidated revenue
passenger miles (RPMs) and 10.9 billion consolidated available seat miles
(ASMs), resulting in a consolidated traffic increase of 0.7 percent and a
capacity increase of 2.4 percent as compared to August 2007. In August 2008,
Continental flew 8.2 billion mainline RPMs and 9.7 billion mainline ASMs,
resulting in a mainline traffic increase of 0.7 percent and a mainline
capacity increase of 2.0 percent as compared to August 2007. Domestic mainline
traffic was 4.2 billion RPMs in August 2008, down 3.3 percent from August
2007, and domestic mainline capacity was 4.8 billion ASMs, down 1.4 percent
from August 2007.
For August 2008, consolidated passenger revenue per available seat mile
(RASM) is estimated to have increased between 4.5 and 5.5 percent compared to
August 2007, while mainline passenger RASM is estimated to have increased
between 5.5 and 6.5 percent compared to August 2007. For July 2008,
consolidated passenger RASM increased 4.8 percent compared to July 2007, while
mainline passenger RASM increased 4.9 percent compared to July 2007.
Continental's regional operations had an August load factor of 76.4
percent, 3.8 points below the August 2007 regional load factor. Regional RPMs
were 917.3 million and regional ASMs were 1,200.8 million in August 2008,
resulting in a traffic increase of 0.5 percent and a capacity increase of
5.5 percent versus August 2007.
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, 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
AUGUST 2008 2007 Change
REVENUE PASSENGER MILES (000)
Domestic 4,184,702 4,329,100 -3.3 Percent
International 4,037,658 3,834,162 5.3 Percent
Transatlantic 2,224,100 2,033,507 9.4 Percent
Latin America 1,163,184 1,077,232 8.0 Percent
Pacific 650,374 723,423 -10.1 Percent
Mainline 8,222,360 8,163,262 0.7 Percent
Regional 917,293 912,292 0.5 Percent
Consolidated 9,139,653 9,075,554 0.7 Percent
AVAILABLE SEAT MILES (000)
Domestic 4,848,977 4,917,424 -1.4 Percent
International 4,839,841 4,580,806 5.7 Percent
Transatlantic 2,664,539 2,429,420 9.7 Percent
Latin America 1,380,505 1,288,572 7.1 Percent
Pacific 794,797 862,814 -7.9 Percent
Mainline 9,688,818 9,498,230 2.0 Percent
Regional 1,200,818 1,137,688 5.5 Percent
Consolidated 10,889,636 10,635,918 2.4 Percent
PASSENGER LOAD FACTOR
Domestic 86.3 Percent 88.0 Percent -1.7 Points
International 83.4 Percent 83.7 Percent -0.3 Points
Transatlantic 83.5 Percent 83.7 Percent -0.2 Points
Latin America 84.3 Percent 83.6 Percent 0.7 Points
Pacific 81.8 Percent 83.8 Percent -2.0 Points
Mainline 84.9 Percent 85.9 Percent -1.0 Points
Regional 76.4 Percent 80.2 Percent -3.8 Points
Consolidated 83.9 Percent 85.3 Percent -1.4 Points
ONBOARD PASSENGERS
Mainline 4,656,022 4,761,799 -2.2 Percent
Regional 1,665,162 1,646,488 1.1 Percent
Consolidated 6,321,184 6,408,287 -1.4 Percent
CARGO REVENUE TON MILES (000)
Total 83,488 82,086 1.7 Percent
PRELIMINARY TRAFFIC RESULTS
YEAR-TO-DATE 2008 2007 Change
REVENUE PASSENGER MILES (000)
Domestic 30,170,036 30,844,424 -2.2 Percent
International 28,258,956 26,649,450 6.0 Percent
Transatlantic 14,813,743 13,468,301 10.0 Percent
Latin America 8,581,718 8,001,623 7.2 Percent
Pacific 4,863,495 5,179,526 -6.1 Percent
Mainline 58,428,992 57,493,874 1.6 Percent
Regional 6,938,476 6,712,903 3.4 Percent
Consolidated 65,367,468 64,206,777 1.8 Percent
AVAILABLE SEAT MILES (000)
Domestic 35,893,969 36,396,463 -1.4 Percent
International 35,701,874 33,036,399 8.1 Percent
Transatlantic 19,029,449 16,728,788 13.8 Percent
Latin America 10,335,064 9,756,049 5.9 Percent
Pacific 6,337,361 6,551,562 -3.3 Percent
Mainline 71,595,843 69,432,862 3.1 Percent
Regional 8,979,902 8,523,053 5.4 Percent
Consolidated 80,575,745 77,955,915 3.4 Percent
PASSENGER LOAD FACTOR
Domestic 84.1 Percent 84.7 Percent -0.6 Points
International 79.2 Percent 80.7 Percent -1.5 Points
Transatlantic 77.8 Percent 80.5 Percent -2.7 Points
Latin America 83.0 Percent 82.0 Percent 1.0 Point
Pacific 76.7 Percent 79.1 Percent -2.4 Points
Mainline 81.6 Percent 82.8 Percent -1.2 Points
Regional 77.3 Percent 78.8 Percent -1.5 Points
Consolidated 81.1 Percent 82.4 Percent -1.3 Points
ONBOARD PASSENGERS
Mainline 34,551,518 34,897,544 -1.0 Percent
Regional 12,555,178 12,166,325 3.2 Percent
Consolidated 47,106,696 47,063,869 0.1 Percent
CARGO REVENUE TON MILES (000)
Total 691,801 671,001 3.1 Percent
PRELIMINARY OPERATIONAL AND FINANCIAL RESULTS
AUGUST 2008 2007 Change
On-Time Performance (1) 73.8% 75.3% (1.5)Points
Completion Factor (2) 99.4% 99.2% 0.2 Points
July 2008 year-over-year consolidated
RASM change 4.8 Percent
July 2008 year-over-year mainline
RASM change 4.9 Percent
August 2008 estimated year-over-year
consolidated RASM change 4.5 - 5.5 Percent
August 2008 estimated year-over-year
mainline RASM change 5.5 - 6.5 Percent
August 2008 estimated average price
per gallon of fuel, including fuel taxes 3.87 Dollars
Third Quarter 2008 estimated average
price per gallon of fuel, including fuel taxes 3.81 Dollars
(1) Department of Transportation Arrivals within 14 minutes
(2) Mainline Segment Completion Percentage
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