Artsyman From United States of America, joined Feb 2001, 4741 posts, RR: 43 Posted (9 years 9 months 4 weeks 23 hours ago) and read 949 times:
Rasm up, and load factor just under 86%. Breakeven was 80% and another profitable month in the bag...
LOS ANGELES, Aug 1 (Reuters) - Continental Airlines Inc. (NYSE:CAL - News), the No. 5 U.S. airline, on Friday said that unit revenue, or the amount of money it took in per available seat, rose in July and the percentage of seats filed on the mainline system hit a record level.
Continental said its revenue per available seat mile was estimated to have increased between 4 percent and 6 percent compared to July 2002.
Load factor on the domestic mainline was a record 85.7 percent, Houston-based Continental said, up 6.5 points from July 2002, while international load factor rose 2.6 points to 82.5 percent.
Dutchjet From Netherlands, joined Oct 2000, 7864 posts, RR: 58 Reply 1, posted (9 years 9 months 4 weeks 23 hours ago) and read 936 times:
Its very nice to hear good news......very impressive, CO.
The numbers are amazing, an 86% load factor is impressive, but that an 80% load factor is required, even for an effecient airline like CO, is just really interesting number....it shows how low-yeild the market has become and what it takes to make money in this enviorment. I remember when a flight made money with a 55% load factor, times have changed.
Scottb From United States of America, joined Jul 2000, 6365 posts, RR: 34 Reply 2, posted (9 years 9 months 4 weeks 21 hours ago) and read 909 times:
Am I reading the actual press release wrong? There, the company estimates the consolidated break-even load factor as being 77%; not an enormous difference, of course, but enough to affect profit by a few million for the month.
Though I think the upcoming fall and winter (through roughly mid-February) will be difficult for all airlines, I'm really glad to see Continental starting to put out more promising numbers.