Press Release Source: Continental Airlines
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.