Continental Airlines Reports July 2007 Operational Performance
Wednesday August 1, 7:26 pm ET
HOUSTON, Aug. 1 /PRNewswire-FirstCall/ -- Continental Airlines (NYSE: CAL - News) today reported a July consolidated (mainline plus regional) load factor of 86.4 percent, 1.0 point above the July 2006 consolidated load factor, and a mainline load factor of 87.0 percent, 1.0 point above the July 2006 mainline load factor. The carrier reported a domestic mainline load factor of 88.0 percent, 0.7 points above July 2006, and an international mainline load factor of 86.0 percent, 1.3 points above July 2006. All four were records for July.
During the month, Continental recorded a U.S. Department of Transportation on-time arrival rate of 69.7 percent and a mainline segment completion factor of 98.9 percent.
In July 2007, Continental flew 9.1 billion consolidated revenue passenger miles (RPMs) and 10.5 billion consolidated available seat miles (ASMs), resulting in a traffic increase of 3.6 percent and a capacity increase of 2.4 percent as compared to July 2006. In July 2007, Continental flew 8.2 billion mainline RPMs and 9.4 billion mainline ASMs, resulting in a mainline traffic increase of 5.4 percent and a mainline capacity increase of 4.2 percent as compared to July 2006. Domestic mainline traffic was 4.2 billion RPMs in July 2007, up 4.5 percent from July 2006, and domestic mainline capacity was 4.8 billion ASMs, up 3.7 percent from July 2006.
For July 2007, consolidated passenger revenue per available seat mile (RASM) is estimated to have increased between 3.0 and 4.0 percent compared to July 2006, while mainline passenger RASM is estimated to have increased between 4.0 and 5.0 percent compared to July 2006. For June 2007, consolidated passenger RASM increased 2.7 percent compared to June 2006, while mainline passenger RASM increased 4.8 percent from June 2006.
Continental's regional operations had a record July load factor of 81.5 percent, 1.0 point above the July 2006 load factor. Regional RPMs were 882.8 million and regional ASMs were 1,082.7 million in July 2007, resulting in a traffic decrease of 9.9 percent and a capacity decrease of 11.1 percent versus July 2006.
CO improved is load factor in all market segments for July. Things look like they're starting to turn around for CO.
Continental has been having record-breaking months and quarters for quite some time now...
maybe you should check their prior months press releases... I think you'll find this report is almost a carbon copy of the last several.
...but it's always good to see Continental continue their good performance.
How do you figure? The press release you've linked to clearly states that this July was better than last July. If I remember, all the months this spring and summer... since March, as I recall, have been better than last year's.
Quoting AA737-823 (Reply 1): They lost money less than 2 years ago, for a sustained period. So check your facts...
You know, I can always count on you to argue with me when it comes to Continental.
When I say anything negative about them, you tell me I'm a Continental hater and need to check my facts.
Odd, as I am elite with CO...
When I say something positive about them, you tell me I am wrong and need to check my facts.
Odd, as my words "quite some time" are in no way incongruent with what you said.
See a trend?
Weather has been brutal in two places this summer: New York, and Texas. That pretty much leave Continental out in the cold. Except for that ever-vital Guam operation.... haven't heard of any typhoons down there this year.
Cslusarc From Canada, joined May 2005, 853 posts, RR: 0
Reply 7, posted (8 years 4 days 3 hours ago) and read 1697 times:
Quoting AA737-823 (Reply 5): How do you figure? The press release you've linked to clearly states that this July was better than last July. If I remember, all the months this spring and summer... since March, as I recall, have been better than last year's.
Although not mentioned in this press release, the recent 2nd Quarter Earnings release stated that yields and PRASM were increasing but a lower rate than was experienced in the same period last year, in sharp contrast to decreasing year-over-year results from the 1st Quarter earlier this year.
Ikramerica From United States of America, joined May 2005, 21910 posts, RR: 59
Reply 8, posted (8 years 4 days 3 hours ago) and read 1688 times:
Quoting AA737-823 (Reply 5): When I say anything negative about them, you tell me I'm a Continental hater and need to check my facts.
I'm confused. I pointed out that they recently lost money, not just 10 years ago. You had your facts wrong.
I did not call you a hater (what did you say that was NEGATIVE again that would make you a hater?), nor did I refute a negative comment with a positive one. I just refuted an incorrect statement with the truth.
If that bothers you, so be it.
Of all the things to worry about... the Wookie has no pants.