artsyman
Posts: 4516
Joined: Wed Feb 28, 2001 12:35 pm

Continentals Rasm Up 4-6% For July

Sat Aug 02, 2003 7:56 am

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


 
dutchjet
Posts: 7714
Joined: Sat Oct 14, 2000 6:13 am

RE: Continentals Rasm Up 4-6% For July

Sat Aug 02, 2003 8:05 am

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
Posts: 5413
Joined: Fri Jul 28, 2000 1:25 am

RE: Continentals Rasm Up 4-6% For July

Sat Aug 02, 2003 9:41 am

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.
 
artsyman
Posts: 4516
Joined: Wed Feb 28, 2001 12:35 pm

RE: Continentals Rasm Up 4-6% For July

Sat Aug 02, 2003 10:16 am

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.
 
Alpha 1
Posts: 12343
Joined: Sat Feb 03, 2001 12:12 am

RE: Continentals Rasm Up 4-6% For July

Sat Aug 02, 2003 11:12 am

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
 
CLEfan
Posts: 292
Joined: Tue Nov 20, 2001 5:10 am

RE: Continentals Rasm Up 4-6% For July

Sat Aug 02, 2003 2:06 pm

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??