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.
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