Continental Airlines News
Continental Airlines Reports April 2008 Operational Performance
During the month, Continental recorded a U.S. Department of Transportation on-time arrival rate of 76.5 percent and a mainline segment completion factor of 99.7 percent.
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Continental's regional operations had an April load factor of 77.8 percent, 1.2 points below the
Continental Airlines is the world's fifth largest airline. Continental, together with Continental Express and Continental Connection, has more than 3,100 daily departures throughout the Americas,
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. Additionally, Continental again won major awards at the OAG Airline of the Year Awards including "Best Airline Based in
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, 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 APRIL 2008 2007 Change REVENUE PASSENGER MILES (000) Domestic 3,638,483 3,821,307 -4.8 Percent International 3,311,310 3,184,423 4.0 Percent Transatlantic 1,769,106 1,597,423 10.7 Percent Latin America 1,016,775 985,267 3.2 Percent Pacific 525,429 601,733 -12.7 Percent Mainline 6,949,793 7,005,730 -0.8 Percent Regional 885,629 846,578 4.6 Percent Consolidated 7,835,422 7,852,308 -0.2 Percent AVAILABLE SEAT MILES (000) Domestic 4,340,552 4,470,336 -2.9 Percent International 4,385,133 3,999,072 9.7 Percent Transatlantic 2,348,980 1,955,591 20.1 Percent Latin America 1,288,383 1,232,335 4.5 Percent Pacific 747,770 811,146 -7.8 Percent Mainline 8,725,685 8,469,408 3.0 Percent Regional 1,137,914 1,070,956 6.3 Percent Consolidated 9,863,599 9,540,364 3.4 Percent PASSENGER LOAD FACTOR Domestic 83.8 Percent 85.5 Percent -1.7 Points International 75.5 Percent 79.6 Percent -4.1 Points Transatlantic 75.3 Percent 81.7 Percent -6.4 Points Latin America 78.9 Percent 80.0 Percent -1.1 Points Pacific 70.3 Percent 74.2 Percent -3.9 Points Mainline 79.6 Percent 82.7 Percent -3.1 Points Regional 77.8 Percent 79.0 Percent -1.2 Points Consolidated 79.4 Percent 82.3 Percent -2.9 Points ONBOARD PASSENGERS Mainline 4,212,499 4,367,242 -3.5 Percent Regional 1,609,997 1,540,569 4.5 Percent Consolidated 5,822,496 5,907,811 -1.4 Percent CARGO REVENUE TON MILES (000) Total 90,427 86,258 4.8 Percent PRELIMINARY TRAFFIC RESULTS YEAR-TO-DATE 2008 2007 Change REVENUE PASSENGER MILES (000) Domestic 14,067,250 14,209,313 -1.0 Percent International 12,805,637 11,886,832 7.7 Percent Transatlantic 6,246,117 5,555,378 12.4 Percent Latin America 4,199,434 3,887,337 8.0 Percent Pacific 2,360,086 2,444,117 -3.4 Percent Mainline 26,872,887 26,096,145 3.0 Percent Regional 3,242,407 3,206,223 1.1 Percent Consolidated 30,115,294 29,302,368 2.8 Percent AVAILABLE SEAT MILES (000) Domestic 17,066,631 17,285,896 -1.3 Percent International 16,936,932 15,307,674 10.6 Percent Transatlantic 8,557,602 7,251,846 18.0 Percent Latin America 5,163,588 4,846,477 6.5 Percent Pacific 3,215,742 3,209,351 0.2 Percent Mainline 34,003,563 32,593,570 4.3 Percent Regional 4,235,522 4,196,906 0.9 Percent Consolidated 38,239,085 36,790,476 3.9 Percent PASSENGER LOAD FACTOR Domestic 82.4 Percent 82.2 Percent 0.2 Points International 75.6 Percent 77.7 Percent -2.1 Points Transatlantic 73.0 Percent 76.6 Percent -3.6 Points Latin America 81.3 Percent 80.2 Percent 1.1 Points Pacific 73.4 Percent 76.2 Percent -2.8 Points Mainline 79.0 Percent 80.1 Percent -1.1 Points Regional 76.6 Percent 76.4 Percent 0.2 Points Consolidated 78.8 Percent 79.6 Percent -0.8 Points ONBOARD PASSENGERS Mainline 16,408,875 16,312,685 0.6 Percent Regional 5,852,639 5,771,876 1.4 Percent Consolidated 22,261,514 22,084,561 0.8 Percent CARGO REVENUE TON MILES (000) Total 351,723 340,329 3.3 Percent PRELIMINARY OPERATIONAL AND FINANCIAL RESULTS APRIL 2008 2007 Change On-Time Performance (1) 76.5% 73.5% 3.0 Points Completion Factor (2) 99.7% 99.6% 0.1 Points March 2008 year-over-year consolidated RASM change 6.3 Percent March 2008 year-over-year mainline RASM change 5.9 Percent April 2008 estimated year-over-year consolidated RASM change 3.0 - 4.0 Percent April 2008 estimated year-over-year mainline RASM change 2.0 - 3.0 Percent April 2008 estimated average price per gallon of fuel, including fuel taxes 3.22 Dollars Second Quarter 2008 estimated average price per gallon of fuel, including fuel taxes 3.26 Dollars (1) Department of Transportation Arrivals within 14 minutes (2) Mainline Segment Completion Percentage
SOURCE Continental Airlines
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