News Release
Continental Airlines Reports July Performance
HOUSTON, Aug. 1, 2001 -- Continental Airlines (NYSE: CAL) today reported a July load factor of 78.2 percent, 2.2 points below last year's July load factor.
Continental's on-time arrival rate was 82.8 percent and its completion factor was 99.3 percent in July. In July 2001, Continental flew 6.2 billion revenue passenger miles (RPMs) and 8.0 billion available seat miles (ASMs), resulting in a traffic increase of 3.4 percent and a capacity increase of 6.4 percent versus July 2000. Domestic traffic was 3.8 billion RPMs, up 5.3 percent from July 2000, and domestic capacity was 4.9 billion ASMs, up 7.2 percent from last year.
The decline of Continental's load factor along with a decline in yield in July 2001, as compared to July 2000, resulted in a decrease in estimated systemwide passenger revenue per available seat mile (RASM) of between 9 and 11 percent.
Continental Express, a regional air carrier for Continental Airlines, reported a tie for its highest July load factor of 67.9 percent, 1.3 points above last July and tied with July 1999. The July load factor is also the second-highest record load factor of any month, 1.0 point below the record set by Continental Express in June 2001. Continental Express flew 336.3 million RPMs and 495.1 million ASMs in July, resulting in a traffic increase of 23.1 percent and a capacity increase of 20.8 percent versus July 2000.
PRELIMINARY TRAFFIC RESULTS
JULY 2001 2000 Change
REVENUE PASSENGER MILES (000)
Domestic 3,804,569 3,611,686 5.3 Percent
International 2,432,191 2,419,346 0.5 Percent
Transatlantic 1,094,259 1,215,567 (10.0)Percent
Latin America 796,206 767,337 3.8 Percent
Pacific 541,726 436,442 24.1 Percent
Total Jet 6,236,760 6,031,032 3.4 Percent
Cont'l. Express 336,278 273,086 23.1 Percent
AVAILABLE SEAT MILES (000)
Domestic 4,930,827 4,598,996 7.2 Percent
International 3,048,880 2,900,141 5.1 Percent
Transatlantic 1,328,966 1,397,175 (4.9)Percent
Latin America 966,849 950,483 1.7 Percent
Pacific 753,065 552,483 36.3 Percent
Total Jet 7,979,707 7,499,137 6.4 Percent
Cont'l. Express 495,120 409,896 20.8 Percent
PASSENGER LOAD FACTOR
Domestic 77.2 Percent 78.5 Percent (1.3)Points
International 79.8 Percent 83.4 Percent (3.6)Points
Transatlantic 82.3 Percent 87.0 Percent (4.7)Points
Latin America 82.4 Percent 80.7 Percent 1.7 Points
Pacific 71.9 Percent 79.0 Percent (7.1)Points
Total Jet 78.2 Percent 80.4 Percent (2.2)Points
Cont'l. Express 67.9 Percent 66.6 Percent 1.3 Points
CARGO REVENUE TON MILES (000)
Total 76,611 91,263 (16.1)Percent
YEAR-TO-DATE 2001 2000 Change
REVENUE PASSENGER MILES (000)
Domestic 23,689,817 22,971,098 3.1 Percent
International 14,714,127 14,556,572 1.1 Percent
Transatlantic 6,508,543 6,939,907 (6.2)Percent
Latin America 4,873,079 4,762,453 2.3 Percent
Pacific 3,332,505 2,854,212 16.8 Percent
Total Jet 38,403,944 37,527,670 2.3 Percent
Cont'l. Express 2,001,487 1,636,137 22.3 Percent
AVAILABLE SEAT MILES (000)
Domestic 32,405,545 30,726,797 5.5 Percent
International 19,845,162 19,104,858 3.9 Percent
Transatlantic 8,486,754 8,749,417 (3.0)Percent
Latin America 6,649,113 6,492,202 2.4 Percent
Pacific 4,709,295 3,863,239 21.9 Percent
Total Jet 52,250,707 49,831,655 4.9 Percent
Cont'l. Express 3,187,533 2,597,529 22.7 Percent
PASSENGER LOAD FACTOR
Domestic 73.1 Percent 74.8 Percent (1.7)Points
International 74.1 Percent 76.2 Percent (2.1)Points
Transatlantic 76.7 Percent 79.3 Percent (2.6)Points
Latin America 73.3 Percent 73.4 Percent (0.1)Points
Pacific 70.8 Percent 73.9 Percent (3.1)Points
Total Jet 73.5 Percent 75.3 Percent (1.8)Points
Cont'l. Express 62.8 Percent 63.0 Percent (0.2)Points
CARGO REVENUE TON MILES (000)
Total 574,693 625,881 (8.2)Percent
PRELIMINARY OPERATIONAL RESULTS
JULY 2001 2000 Change
On-Time Performance* 82.8% 80.1% 2.7 Points
Completion Factor** 99.3% 99.0% 0.3 Points
YEAR-TO-DATE 2001 2000 Change
On-Time Performance 81.3% 80.1% 1.2 Points
Completion Factor 98.9% 98.7% 0.2 Points
PRELIMINARY RASM CHANGE AND FUEL PRICE
JULY 2001 estimated year-over-year RASM Change (9) - (11)Percent
JULY 2001 estimated average price per gallon of
fuel, excluding fuel taxes 78 Cents
* Department of Transportation Arrivals within 14 minutes
** System Mileage Completion percentage