IAHFLYR
Topic Author
Posts: 3943
Joined: Sat Jun 25, 2005 12:56 am

CO 2nd Quarter Results

Thu Jul 19, 2007 9:13 pm

Awesome news, congrats to all CO employees who continue to Work Hard Fly Right!  Smile

http://www.continental.com/web/en-US...B00C24913B9059861F64D4E57&i=PRNEWS
Any views shared are strictly my own and do not a represent those of any former employer.
 
777gk
Posts: 1488
Joined: Mon Jun 19, 2000 3:04 am

RE: CO 2nd Quarter Results

Thu Jul 19, 2007 9:34 pm

Another quarter of strong results, the hard work and concessions are starting to pay off in a big way. Revenue growth has outpaced capacity growth, mainline yield has increased slightly, utilization is up, and load factor is improved as well. Costs, especially labor-related, have risen, but this can be attributable to increased hiring.

Relevant to my situation, the pension funding is once again ahead of schedule for the year, on pace to be a little less than double the minimum funding. Profit sharing will continue.

Of note is that CO has agreed to sell 10 737-500s to TRANSAERO in Russia, along with an additional 5 to an unidentified overseas carrier. 2 737-900ERs have been pushed up to 2008, and 4 additional 737-800s have been ordered (old news) to backfill this capacity lost.
 
SJUSXM
Posts: 261
Joined: Fri Aug 11, 2006 1:52 pm

RE: CO 2nd Quarter Results

Fri Jul 20, 2007 12:14 am

If you scroll down to the operation achievements it says that CO went 20 DAYS without a mainline cancellation. That sounds ridiculous to me. 20 days. Is that possible with no mechanicals, weather, or other factors throughout the system?
AT7, ER3, ER4, ER5, CR7, E70, E75, F100, M82, M83, 722, 732, 738, 752, 762, 763, AB6, 320, 321, 772, 77W
 
User avatar
STT757
Posts: 13200
Joined: Tue Mar 28, 2000 1:14 am

RE: CO 2nd Quarter Results

Fri Jul 20, 2007 12:26 am

777gk,

Have you heard anything with regards to the 737-900ERs that CO will start taking delivery of, I heard it might have AVOD and a different First Class product for Trans-Cons?
Eastern Air lines flt # 701, EWR-MCO Boeing 757
 
dutchjet
Posts: 7714
Joined: Sat Oct 14, 2000 6:13 am

RE: CO 2nd Quarter Results

Fri Jul 20, 2007 12:57 am

Very good news indeed - congrads once again to CO and their employees, job well done.

Quoting 777gk (Reply 1):
Of note is that CO has agreed to sell 10 737-500s to TRANSAERO in Russia, along with an additional 5 to an unidentified overseas carrier. 2 737-900ERs have been pushed up to 2008, and 4 additional 737-800s have been ordered (old news) to backfill this capacity lost

This is very positive news: reducing the 735 fleet is a good thing for CO; the 735s are not the most effecient aircraft on a per seat basis and can be expensive to operate. The 15 735s will be replaced by larger 738/739ER aircraft (28 frames in total, for now) which will allow lower operating costs, some expansion but also keep domestic capacity growth under control. Look for 739ERs to fly long domestic routes (transcons) and some latin american services freeing up some 752s for transatlantic operations. With the 739ERs and the first of the 787s joining the CO fleet in the near-term future, look for some new routes and lots of changes in aircraft/route allocations.

Quoting STT757 (Reply 3):
Have you heard anything with regards to the 737-900ERs that CO will start taking delivery of, I heard it might have AVOD and a different First Class product for Trans-Cons

AVOD: yes.

New F class product: maybe.

An update to Biz First is coming with the 787s and some features developed for the new Biz First product may find their way to domestic First. Plans call for the 739ERs to have domestic F seating, not Biz First seating, but there some rumors going around that CO may come up with an innovative premium class product for flights of 5 hours or more in duration. Time will tell.
 
IAHFLYR
Topic Author
Posts: 3943
Joined: Sat Jun 25, 2005 12:56 am

RE: CO 2nd Quarter Results

Fri Jul 20, 2007 1:12 am

Quoting SJUSXM (Reply 2):
That sounds ridiculous to me. 20 days. Is that possible with no mechanicals, weather, or other factors throughout the system?

Certainly is possible....IIRC CO has previously gone almost a month or longer without a cancellation.
Any views shared are strictly my own and do not a represent those of any former employer.
 
Alitalia744
Posts: 3777
Joined: Thu Mar 30, 2000 8:22 am

RE: CO 2nd Quarter Results

Fri Jul 20, 2007 1:14 am

Congrats to CO, the CO employees and fans on the board. Nice to see another profit for a well-runned airline.

Any word on what total (overall) operating margins and RASMs were. Also what was CASM and non-fuel CASM?
Some see lines, others see between the lines.
 
fun2fly
Posts: 895
Joined: Tue Dec 26, 2006 8:44 am

RE: CO 2nd Quarter Results

Fri Jul 20, 2007 5:32 am

Quoting Dutchjet (Reply 4):
This is very positive news: reducing the 735 fleet is a good thing for CO; the 735s are not the most effecient aircraft on a per seat basis and can be expensive to operate. The 15 735s

About 6 months ago, CO said they were to divest 16 737 classics when taking on 30 new 738/739ER's in 2008 for a net growth of 14 planes. Are these 15 part of those 16 previously announced or does the combination of these two make a net -1 for 2008 (16+15)?
 
dutchjet
Posts: 7714
Joined: Sat Oct 14, 2000 6:13 am

RE: CO 2nd Quarter Results

Fri Jul 20, 2007 5:39 am

Quoting FUN2FLY (Reply 7):
Are these 15 part of those 16 previously announced

Yes.

16 airplanes in total will go (according to current plans); I also must clarify what I stated above...ten 735s will leave the fleet (to Transaero) but its unclear if the remaining 6 737 Classics to be retired from the CO fleet will be 733s or 735s; CO is in talks with an unspecified party to take 5 737 Classics.
 
cslusarc
Posts: 553
Joined: Wed May 04, 2005 2:29 pm

RE: CO 2nd Quarter Results

Fri Jul 20, 2007 7:01 am

here are the fleet movements for those mainline narrowbodies

- 3 735s leave this year (recent change to fleet plan)
- 12 more 735s leave next year (recent change)
- 7 733s leave next year (9 less than planned in March)

- 21 739s arrive next year (3 more comming; moved up from 2009)
- 12 73Ws arrive next year


Over at CO Express/Connection:
- 43 ERJ-145XRs leave this year
- 4 ERJ-145s leave this year
- 24 CRJ-200LRs arrive this year
- 10 Q200s arrive this year
- 6 Beech 1990s leave this year (one more retirement moved up from 2008)

- 15 Q400s arrive next year
- 6 Q200s arrive next year
- 4 Beech1900s leave next year
--cslusarc from YWG
 
worldtraveler
Posts: 3417
Joined: Tue Aug 05, 2003 6:18 am

RE: CO 2nd Quarter Results

Fri Jul 20, 2007 7:12 am

Quoting Alitalia744 (Reply 6):
Any word on what total (overall) operating margins and RASMs were. Also what was CASM and non-fuel CASM?

CO's operating margin was just under 5%. AMR, DAL, and LUV reported margins higher than that yesterday.

CO reported very strong RASM increases across the Atlantic just as DL did so it's obvious that outside of London, transatlantifc revenues are strong. AA's transatlantic RASM increase was quite a bit lower (but positive) and they attributed it to increased competition into London. CO's domestic RASM change was negative on increase capacity. They are one of the few network carriers that are increasing domestic capacity.
 
cslusarc
Posts: 553
Joined: Wed May 04, 2005 2:29 pm

RE: CO 2nd Quarter Results

Fri Jul 20, 2007 9:09 am

CO's operating margin: 7.09%

AMR's operating margin 7.94%

DAL's operating margin: 9.79%

LUV's operating margin: 12.69%


for the 2nd quarter of 2007.
[operating margin = operating profit / operating revenues]
--cslusarc from YWG
 
worldtraveler
Posts: 3417
Joined: Tue Aug 05, 2003 6:18 am

RE: CO 2nd Quarter Results

Fri Jul 20, 2007 9:18 am

my bad, csl. I was looking at 6M instead of 3M results. But they still were outperformed.

Who is online