Continental Airlines Reports January 2010 Operational Performance

2010-02-02
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  • Continental Airlines Continental Airlines (NYSE:CAL) today reported a January consolidated (mainline plus regional) load factor of 77.2 percent, 4.0 points above the January 2009 consolidated load factor, and a mainline load factor of 78.0 percent, 4.0 points above the January 2009 mainline load factor.

    Both January load factors were records for the month. The carrier reported a domestic mainline January load factor of 78.2 percent, 1.6 points above the January 2009 domestic mainline load factor, and a record international mainline load factor of 77.8 percent, 6.1 points above January 2009.

    During January, Continental recorded a U.S. Department of Transportation (DOT) on-time arrival rate of 82.3 percent and a mainline segment completion factor of 99.5 percent.

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    In January 2010, Continental flew 7.0 billion consolidated revenue passenger miles (RPMs) and 9.0 billion consolidated available seat miles (ASMs), resulting in a consolidated traffic increase of 8.5 percent and a capacity increase of 2.8 percent as compared to January 2009. In January 2010, Continental flew 6.3 billion mainline RPMs and 8.1 billion mainline ASMs, resulting in a mainline traffic increase of 8.6 percent and a mainline capacity increase of 3.1 percent as compared to January 2009. Domestic mainline traffic was 2.9 billion RPMs in January 2010, up 2.4 percent from January 2009, and domestic mainline capacity was 3.7 billion ASMs, up 0.2 percent from January 2009.

    For January 2010, consolidated passenger revenue per available seat mile (RASM) is estimated to have decreased between 1.0 and 2.0 percent compared to January 2009, while mainline RASM is estimated to have decreased between 2.5 and 3.5 percent. For December 2009, consolidated passenger RASM decreased 4.1 percent compared to December 2008, while mainline passenger RASM decreased 4.8 percent compared to December 2008.

    Continental's regional operations had a January load factor of 70.7 percent, 4.2 points above the January 2009 regional load factor. Regional RPMs were 696.8 million and regional ASMs were 984.9 million in January 2010, resulting in a traffic increase of 7.4 percent and a capacity increase of 0.9 percent versus January 2009.

                                 PRELIMINARY TRAFFIC RESULTS

    JANUARY 2010 2009 Change
    REVENUE PASSENGER
    MILES (000)
    Domestic 2,912,661 2,845,229 2.4 Percent

    International 3,365,819 2,934,385 14.7 Percent
    Transatlantic 1,489,850 1,316,265 13.2 Percent
    Latin America 1,167,462 1,060,217 10.1 Percent
    Pacific 708,507 557,903 27.0 Percent

    Mainline 6,278,480 5,779,614 8.6 Percent
    Regional 696,803 648,796 7.4 Percent
    Consolidated 6,975,283 6,428,410 8.5 Percent

    AVAILABLE SEAT MILES (000)
    Domestic 3,724,256 3,715,726 0.2 Percent

    International 4,327,218 4,094,507 5.7 Percent
    Transatlantic 1,947,216 2,033,485 -4.2 Percent
    Latin America 1,449,383 1,327,087 9.2 Percent
    Pacific 930,619 733,935 26.8 Percent

    Mainline 8,051,474 7,810,233 3.1 Percent
    Regional 984,944 975,959 0.9 Percent
    Consolidated 9,036,418 8,786,192 2.8 Percent

    PASSENGER LOAD FACTOR
    Domestic 78.2 Percent 76.6 Percent 1.6 Points

    International 77.8 Percent 71.7 Percent 6.1 Points
    Transatlantic 76.5 Percent 64.7 Percent 11.8 Points
    Latin America 80.5 Percent 79.9 Percent 0.6 Points
    Pacific 76.1 Percent 76.0 Percent 0.1 Points

    Mainline 78.0 Percent 74.0 Percent 4.0 Points
    Regional 70.7 Percent 66.5 Percent 4.2 Points
    Consolidated 77.2 Percent 73.2 Percent 4.0 Points

    ONBOARD PASSENGERS
    Mainline 3,453,155 3,384,402 2.0 Percent
    Regional 1,253,951 1,179,839 6.3 Percent
    Consolidated 4,707,106 4,564,241 3.1 Percent

    CARGO REVENUE TON MILES (000)
    Total 64,381 63,103 2.0 Percent


    PRELIMINARY OPERATIONAL AND FINANCIAL RESULTS

    JANUARY 2010 2009 Change
    On-Time Performance (1) 82.3% 77.4% 4.9 Points
    Completion Factor (2) 99.5% 99.3% 0.2 Points
    December 2009 year-over-year consolidated RASM change (4.1) Percent
    December 2009 year-over-year mainline RASM change (4.8) Percent
    January 2010 estimated year-over-year consolidated
    RASM change (1.0) - (2.0) Percent
    January 2010 estimated year-over-year mainline
    RASM change (2.5) - (3.5) Percent
    January 2010 estimated average price per gallon of
    fuel, including fuel taxes 2.16 Dollars
    First Quarter 2010 estimated average price per gallon
    of fuel, including fuel taxes 2.10 Dollars

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

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