Continental Airlines Reports June 2007 Operational Performance


03 Jul 2007 [09:03h]     Bookmark and Share



Continental Airlines (NYSE: CAL) reported a June consolidated (mainline plus regional) load factor of 85.7 percent, 1.2 points above the June 2006 consolidated load factor, and a mainline load factor of 86.1 percent, 1.3 points above the June 2006 mainline load factor.

HOUSTON — The carrier reported a domestic mainline load factor of 87.7 percent, 1.0 point above June 2006, and an international mainline load factor of 84.4 percent, 1.7 points above June 2006. All four were records for June.

During the month, Continental recorded a U.S. Department of Transportation on-time arrival rate of 67.9 percent and a mainline completion factor of 99.4 percent.

In June 2007, Continental flew 8.6 billion consolidated revenue passenger miles (RPMs) and 10.1 billion consolidated available seat miles (ASMs), resulting in a traffic increase of 5.0 percent and a capacity increase of 3.4 percent as compared to June 2006. In June 2007, Continental flew 7.8 billion mainline RPMs and 9.0 billion mainline ASMs, resulting in a mainline traffic increase of 6.9 percent and a 5.3 percent increase in mainline capacity as compared to June 2006. Domestic mainline traffic was 4.1 billion RPMs in June 2007, up 5.8 percent from June 2006, and domestic mainline capacity was 4.7 billion ASMs, up 4.5 percent from June 2006.

For June 2007, consolidated passenger revenue per available seat mile (RASM) is estimated to have increased between 1.5 and 2.5 percent compared to June 2006, while mainline passenger RASM is estimated to have increased between 3.5 and 4.5 percent compared to June 2006. For May 2007, consolidated passenger RASM decreased 0.8 percent compared to May 2006, while mainline passenger RASM increased 1.1 percent from May 2006.

Continental ended the second quarter of 2007 with unrestricted cash and short-term investments of approximately $3.17 billion.

Continental’s regional operations had a record June load factor of 82.8 percent, 0.5 points above the June 2006 load factor. Regional RPMs were 857.9 million and regional ASMs were 1,036.5 million in June 2007, resulting in a traffic decrease of 9.8 percent and a capacity decrease of 10.4 percent versus June 2006.

Continental Airlines is the world’s fifth largest airline. Continental, together with Continental Express and Continental Connection, has more than 3,100 daily departures throughout the Americas, Europe and Asia, serving 144 domestic and 138 international destinations. More than 400 additional points are served via SkyTeam alliance airlines. With more than 44,000 employees, Continental has hubs serving New York, Houston, Cleveland and Guam, and together with Continental Express, carries approximately 67 million passengers per year. Continental consistently earns awards and critical acclaim for both its operation and its corporate culture.

In 2007, Continental Airlines won its seventh J.D. Power and Associates award since 1996. The carrier received the highest rank in customer satisfaction among network carriers in North America in the J.D. Power and Associates 2007 Airline Satisfaction Survey(SM). For the fourth consecutive year, FORTUNE magazine named Continental the No. 1 World’s Most Admired Airline on its 2007 list of World’s Most Admired Companies. Continental was also named the No. 1 airline on the publication’s 2007 America’s Most Admired airline industry list. Additionally, Continental again won major awards at the OAG Airline of the Year Awards including „Best Airline Based in North America“ for the fourth year in a row, and „Best Executive/Business Class“ for the fifth consecutive year. For more company information, visit continental.com.

This press release contains forward-looking statements that are not limited to historical facts, but reflect the company’s current beliefs, expectations or intentions regarding future events. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. For examples of such risks and uncertainties, please see the risk factors set forth in the company’s 2006 10-K and its other securities filings, including any amendments thereto, which identify important matters such as the consequences of the company’s significant financial losses and high leverage, the significant cost of aircraft fuel, its high labor and pension costs, service interruptions at one of its hub airports, disruptions in its computer systems, and industry conditions, including the airline pricing environment, industry capacity decisions, industry consolidation, terrorist attacks, regulatory matters, excessive taxation, the availability and cost of insurance, public health threats and the seasonal nature of the airline business. The company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this press release, except as required by applicable law.

                         PRELIMINARY TRAFFIC RESULTS
    JUNE                       2007         2006           Change
    REVENUE PASSENGER MILES (000)
      Domestic            4,110,835    3,885,939           5.8       Percent

      International       3,665,094    3,384,840           8.3       Percent
      Transatlantic       1,968,892    1,770,180          11.2       Percent
      Latin America       1,011,465      961,360           5.2       Percent
      Pacific               684,737      653,300           4.8       Percent

      Mainline            7,775,929    7,270,779           6.9       Percent
      Regional              857,903      951,253          -9.8       Percent
      Consolidated        8,633,832    8,222,032           5.0       Percent
    AVAILABLE SEAT MILES (000)
      Domestic            4,688,256    4,484,583           4.5       Percent

      International       4,343,952    4,092,840           6.1       Percent
      Transatlantic       2,329,543    2,096,223          11.1       Percent
      Latin America       1,203,330    1,195,513           0.7       Percent
      Pacific               811,079      801,104           1.2       Percent

      Mainline            9,032,208    8,577,423           5.3       Percent
      Regional            1,036,474    1,156,418         -10.4       Percent
      Consolidated       10,068,682    9,733,841           3.4       Percent
    PASSENGER LOAD FACTOR
      Domestic         87.7 Percent    86.7 Percent        1.0       Point

      International    84.4 Percent    82.7 Percent        1.7       Points
      Transatlantic    84.5 Percent    84.4 Percent        0.1       Points
      Latin America    84.1 Percent    80.4 Percent        3.7       Points
      Pacific          84.4 Percent    81.5 Percent        2.9       Points

      Mainline         86.1 Percent    84.8 Percent        1.3       Points
      Regional         82.8 Percent    82.3 Percent        0.5       Points
      Consolidated     85.7 Percent    84.5 Percent        1.2       Points
    ONBOARD PASSENGERS
      Mainline            4,614,437    4,388,744           5.1       Percent
      Regional            1,575,291    1,682,243          -6.4       Percent
      Consolidated        6,189,728    6,070,987           2.0       Percent
    CARGO REVENUE TON MILES (000)
      Total                  83,538       86,504          -3.4       Percent



                         PRELIMINARY TRAFFIC RESULTS
    YEAR-TO-DATE               2007         2006            Change
    REVENUE PASSENGER MILES (000)
      Domestic           22,269,204   21,111,999           5.5       Percent

      International      18,886,084   17,535,127           7.7       Percent
      Transatlantic       9,342,794    8,348,963          11.9       Percent
      Latin America       5,771,671    5,500,002           4.9       Percent
      Pacific             3,771,619    3,686,162           2.3       Percent

      Mainline           41,155,288   38,647,126           6.5       Percent
      Regional            4,917,842    5,052,290          -2.7       Percent
      Consolidated       46,073,130   43,699,416           5.4       Percent
    AVAILABLE SEAT MILES (000)
      Domestic           26,652,881   25,345,587           5.2       Percent

      International      23,885,512   22,572,422           5.8       Percent
      Transatlantic      11,871,956   10,727,207          10.7       Percent
      Latin America       7,157,045    7,005,793           2.2       Percent
      Pacific             4,856,511    4,839,422           0.4       Percent

      Mainline           50,538,393   47,918,009           5.5       Percent
      Regional            6,302,603    6,456,244          -2.4       Percent
      Consolidated       56,840,996   54,374,253           4.5       Percent
    PASSENGER LOAD FACTOR
      Domestic         83.6 Percent    83.3 Percent        0.3       Points

      International    79.1 Percent    77.7 Percent        1.4       Points
      Transatlantic    78.7 Percent    77.8 Percent        0.9       Points
      Latin America    80.6 Percent    78.5 Percent        2.1       Points
      Pacific          77.7 Percent    76.2 Percent        1.5       Points

      Mainline         81.4 Percent    80.7 Percent        0.7       Points
      Regional         78.0 Percent    78.3 Percent       -0.3       Points
      Consolidated     81.1 Percent    80.4 Percent        0.7       Points
    ONBOARD PASSENGERS
      Mainline           25,362,313   24,229,727           4.7       Percent
      Regional            8,934,174    8,957,642          -0.3       Percent
      Consolidated       34,296,487   33,187,369           3.3       Percent
    CARGO REVENUE TON MILES (000)
      Total                 507,607      526,326          -3.6       Percent



                PRELIMINARY OPERATIONAL AND FINANCIAL RESULTS
    JUNE                       2007         2006            Change
    On-Time Performance (1)    67.9%        67.8%           0.1 Points
    Completion Factor (2)      99.4%        99.7%          -0.3 Points
    May 2007 year-over-year
     consolidated RASM change                              -0.8 Percent
    May 2007 year-over-year
     mainline RASM change                                   1.1 Percent
    June 2007 estimated
     year-over-year
     consolidated RASM change                         1.5 - 2.5 Percent
    June 2007 estimated
     year-over-year mainline
     RASM change                                      3.5 - 4.5 Percent
    June 2007 estimated
     average price per gallon
     of fuel, including fuel
     taxes                                                 2.16 Dollars
    Second Quarter 2007
     estimated average price
     per gallon of fuel,
     including fuel taxes                                  2.08 Dollars

    (1)  Department of Transportation Arrivals within 14 minutes
    (2)  Mainline Mileage Completion Percentage

Adresse
Corporate Communications
Houston
Continental Airlines
+1-713-324-5080







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