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Continentals Rasm Up 4-6% For July  
User currently offlineArtsyman From United States of America, joined Feb 2001, 4745 posts, RR: 34
Posted (11 years 3 weeks 23 hours ago) and read 1528 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.

http://biz.yahoo.com/rc/030801/airlines_continentalairlines_1.html




5 replies: All unread, jump to last
 
User currently offlineDutchjet From Netherlands, joined Oct 2000, 7864 posts, RR: 57
Reply 1, posted (11 years 3 weeks 23 hours ago) and read 1515 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.


User currently offlineScottb From United States of America, joined Jul 2000, 6742 posts, RR: 32
Reply 2, posted (11 years 3 weeks 22 hours ago) and read 1488 times:

Artsyman-

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.


User currently offlineArtsyman From United States of America, joined Feb 2001, 4745 posts, RR: 34
Reply 3, posted (11 years 3 weeks 21 hours ago) and read 1462 times:

the company estimates the consolidated break-even load factor as being 77%; not an enormous difference
*************

I didn't realise it had been amended yet. It was set to be 80% for the month, but I guess things inproved at the end when they tallied it all.


User currently offlineAlpha 1 From , joined Dec 1969, posts, RR:
Reply 4, posted (11 years 3 weeks 20 hours ago) and read 1446 times:

The numbers are amazing, an 86% load factor is impressive..

And I can attest to it firsthand. It was a VERY busy week on Concourse C in CLE!  Big thumbs up


User currently offlineClefan From United States of America, joined Nov 2001, 299 posts, RR: 1
Reply 5, posted (11 years 3 weeks 17 hours ago) and read 1423 times:

Alpha,

How have the new seasonal flights to San Diego been doing? Any chance we could see this move to year round, and if it doesn't will it be back next year? Any other CLE rumors out there??


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