 Print Version |
| Continental Airlines Reports November 2004 Operational Performance |
HOUSTON, Dec. 1 /PRNewswire-FirstCall/ -- Continental Airlines (NYSE: CAL) today reported a November consolidated (mainline plus regional) load factor of 77.0 percent, 2.2 points above last year's November consolidated load factor, and a mainline load factor of 77.6 percent, 2.3 points above last year's November mainline load factor. The carrier reported a domestic mainline load factor of 77.5 percent, 2.8 points above November 2003, and an international mainline load factor of 77.7 percent, 1.4 points above November 2003. All four were operational records for November. During the month, Continental recorded a U.S. Department of Transportation on-time arrival rate of 77.8 percent and a mainline completion factor of 99.9 percent. The carrier reported 20 days in November 2004 with a completion factor of 100 percent, a new monthly record for the airline. To date, Continental has also reported 116 days in 2004 with a completion factor of 100 percent, a new yearly record. In November 2004, Continental flew 5.9 billion consolidated revenue passenger miles (RPMs) and 7.6 billion consolidated available seat miles (ASMs), resulting in a traffic increase of 11.2 percent and a capacity increase of 7.9 percent as compared to November 2003. In November 2004, Continental flew 5.2 billion mainline RPMs and 6.7 billion mainline ASMs, resulting in a mainline traffic increase of 10.1 percent and a mainline capacity increase of 6.9 percent as compared to November 2003. Domestic mainline traffic was 3.1 billion RPMs in November 2004, up 6.1 percent from November 2003, and domestic mainline capacity was 4.0 billion ASMs, up 2.3 percent from November 2003. For the month of November 2004, consolidated passenger revenue per available seat mile (RASM) is estimated to have increased between 0.5 and 1.5 percent compared to November 2003, while mainline RASM is estimated to have increased between 0.0 and 1.0 percent. November 2004 consolidated and mainline RASM performance both benefited by approximately 2 points due to the movement of the Thanksgiving holiday return traffic on Monday and Tuesday from December last year to November this year. For October 2004, consolidated RASM increased 0.5 percent and mainline RASM increased 0.9 percent compared to October 2003. Continental's regional operations (Continental Express) set a record November load factor of 72.8 percent, 2.6 points above last year's November load factor. Regional RPMs were 634.8 million and regional ASMs were 871.6 million in November 2004, resulting in a traffic increase of 21.2 percent and a capacity increase of 16.9 percent versus November 2003. Continental Airlines is the world's sixth-largest airline with more than 3,000 daily departures throughout the Americas, Europe and Asia. Continental serves 151 domestic and 120 international destinations -- more than any other airline in the world -- and nearly 400 additional points are served via SkyTeam alliance airlines. With 41,000 employees, the airline has hubs serving New York, Houston, Cleveland and Guam, and carries approximately 51 million passengers per year. In 2004, Continental has earned awards and critical acclaim for both its operation and its corporate culture. FORTUNE ranks Continental one of the 100 Best Companies to Work For in America, an honor it has earned for six consecutive years, and also ranks Continental as the top airline in its Most Admired Global Companies in 2004. The carrier won major awards at the 2004 OAG Airline of the Year Awards including "Airline of the Year," "Best Airline Based in North America" and "Best Executive/Business Class." 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 2003 10-K and its other securities filings, which identify important matters such as terrorist attacks, domestic and international economic conditions, the significant cost of aircraft fuel, labor costs, competition, regulatory matters and industry conditions, including the demand for air travel, the airline pricing environment and industry capacity decisions. 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.
PRELIMINARY TRAFFIC RESULTS
NOVEMBER 2004 2003 Change
REVENUE PASSENGER MILES (000)
Domestic 3,089,870 2,911,751 6.1 Percent
International 2,137,204 1,834,286 16.5 Percent
Transatlantic 1,046,948 839,036 24.8 Percent
Latin America 618,690 567,584 9.0 Percent
Pacific 471,566 427,666 10.3 Percent
Mainline 5,227,074 4,746,038 10.1 Percent
Regional 634,757 523,613 21.2 Percent
Consolidated 5,861,831 5,269,650 11.2 Percent
AVAILABLE SEAT MILES (000)
Domestic 3,985,404 3,897,664 2.3 Percent
International 2,750,968 2,405,252 14.4 Percent
Transatlantic 1,273,183 1,058,339 20.3 Percent
Latin America 858,522 788,703 8.9 Percent
Pacific 619,263 558,210 10.9 Percent
Mainline 6,736,372 6,302,916 6.9 Percent
Regional 871,595 745,633 16.9 Percent
Consolidated 7,607,967 7,048,549 7.9 Percent
PASSENGER LOAD FACTOR
Domestic 77.5 Percent 74.7 Percent 2.8 Points
International 77.7 Percent 76.3 Percent 1.4 Points
Transatlantic 82.2 Percent 79.3 Percent 2.9 Points
Latin America 72.1 Percent 72.0 Percent 0.1 Points
Pacific 76.1 Percent 76.6 Percent -0.5 Points
Mainline 77.6 Percent 75.3 Percent 2.3 Points
Regional 72.8 Percent 70.2 Percent 2.6 Points
Consolidated 77.0 Percent 74.8 Percent 2.2 Points
ONBOARD PASSENGERS
Mainline 3,474,238 3,259,644 6.6 Percent
Regional 1,175,956 986,382 19.2 Percent
Consolidated 4,650,194 4,246,026 9.5 Percent
CARGO REVENUE TON MILES (000)
Total 88,978 78,198 13.8 Percent
PRELIMINARY TRAFFIC RESULTS
YEAR-TO-DATE 2004 2003 Change
REVENUE PASSENGER MILES (000)
Domestic 34,715,320 33,044,334 5.1 Percent
International 25,496,222 20,939,528 21.8 Percent
Transatlantic 12,376,182 9,712,792 27.4 Percent
Latin America 7,776,338 6,945,718 12.0 Percent
Pacific 5,343,702 4,281,018 24.8 Percent
Mainline 60,211,542 53,983,862 11.5 Percent
Regional 6,753,656 5,214,073 29.5 Percent
Consolidated 66,965,198 59,197,935 13.1 Percent
AVAILABLE SEAT MILES (000)
Domestic 44,819,299 43,340,678 3.4 Percent
International 32,720,870 28,314,734 15.6 Percent
Transatlantic 15,318,280 12,661,840 21.0 Percent
Latin America 10,559,919 9,465,232 11.6 Percent
Pacific 6,842,671 6,187,662 10.6 Percent
Mainline 77,540,169 71,655,412 8.2 Percent
Regional 9,475,047 7,638,629 24.0 Percent
Consolidated 87,015,216 79,294,041 9.7 Percent
PASSENGER LOAD FACTOR
Domestic 77.5 Percent 76.2 Percent 1.3 Points
International 77.9 Percent 74.0 Percent 3.9 Points
Transatlantic 80.8 Percent 76.7 Percent 4.1 Points
Latin America 73.6 Percent 73.4 Percent 0.2 Points
Pacific 78.1 Percent 69.2 Percent 8.9 Points
Mainline 77.7 Percent 75.3 Percent 2.4 Points
Regional 71.3 Percent 68.3 Percent 3.0 Points
Consolidated 77.0 Percent 74.7 Percent 2.3 Points
ONBOARD PASSENGERS
Mainline 39,119,516 37,091,811 5.5 Percent
Regional 12,538,066 10,415,350 20.4 Percent
Consolidated 51,657,582 47,507,161 8.7 Percent
CARGO REVENUE TON MILES (000)
Total 934,605 841,205 11.1 Percent
PRELIMINARY OPERATIONAL AND FINANCIAL RESULTS
NOVEMBER 2004 2003 Change
On-Time Performance (A) 77.8% 78.7% (0.9) Points
Completion Factor (B) 99.9% 99.5% 0.4 Points
YEAR-TO-DATE 2004 2003 Change
On-Time Performance (A) 79.2% 82.5% (3.3) Points
Completion Factor (B) 99.6% 99.5% 0.1 Points
October 2004 consolidated breakeven load factor (C) 86.9 Percent
November 2004 estimated year-over-year consolidated
RASM change 0.5-1.5 Percent
November 2004 estimated year-over-year mainline
RASM change 0.0-1.0 Percent
November 2004 estimated average price per gallon
of fuel, including fuel taxes 1.44 Dollars
November 2004 estimated consolidated breakeven
load factor (C) 88 Percent
November 2004 actual consolidated load factor (D) 77.0 Percent
December 2004 estimated consolidated breakeven
load factor (C,E) 87 Percent
YEAR-OVER-YEAR CONSOLIDATED RASM
2003 vs 2002 2003 vs 2001
October 6.1 Percent 17.1 Percent
November 7.0 Percent 6.3 Percent
December 2.3 Percent 14.0 Percent
2004 vs 2003 2004 vs 2002
January 1.7 Percent 6.1 Percent
February (1.0) Percent (0.3) Percent
March 6.1 Percent (4.2) Percent
April 3.8 Percent 4.8 Percent
May (2.0) Percent 1.5 Percent
June 1.9 Percent 4.1 Percent
July 2.9 Percent 9.8 Percent
August (0.5) Percent 5.0 Percent
September (1.2) Percent 6.0 Percent
October 0.5 Percent 6.7 Percent
November (estimated) 0.5-1.5 Percent 7.5-8.5 Percent
YEAR-OVER-YEAR MAINLINE RASM
2003 vs 2002 2003 vs 2001
October 4.4 Percent 14.1 Percent
November 5.5 Percent 3.7 Percent
December 1.7 Percent 12.0 Percent
2004 vs 2003 2004 vs 2002
January 0.9 Percent 4.5 Percent
February (2.5) Percent (2.9) Percent
March 4.9 Percent (7.4) Percent
April 3.1 Percent 2.1 Percent
May (3.0) Percent (1.1) Percent
June 1.3 Percent 1.6 Percent
July 2.8 Percent 7.8 Percent
August (1.1) Percent 3.2 Percent
September (1.0) Percent 4.2 Percent
October 0.9 Percent 5.3 Percent
November (estimated) 0.0-1.0 Percent 5.5-6.5 Percent
(A) Department of Transportation Arrivals within 14 minutes
(B) Mainline Mileage Completion Percentage
(C) Consolidated load factor (including Continental Airlines and
Continental Express) needed to break even on a consolidated net
income basis. Actual consolidated breakeven load factor may vary
significantly from estimates depending on actual passenger revenue
yields, fuel price and other factors. Month-to-date consolidated
load factor information can be found on Continental's website at
continental.com in the Investor Relations-Financial/Traffic Releases
section.
(D) Includes Continental Airlines and Continental Express
(E) Charges related to MD-80 aircraft retirements account for
2 percentage points.
SOURCE Continental Airlines
-0- 12/01/2004
/CONTACT: Corporate Communications of Continental Airlines,
+1-713-324-5080, or corpcomm@coair.com /
/Web site: http://www.continental.com
http://continental.com/company/news /
(CAL)
CO: Continental Airlines
ST: Texas
IN: AIR TRA LEI
SU:
AW-AP
-- DAW043 --
8349 12/01/2004 18:37 EST http://www.prnewswire.com
|