Continental Airlines Reports June 2010 Traffic

Continental Airlines has reported a June 2010 consolidated (mainline plus regional) load factor of 86.9%, 2.1 points above the June 2009 consolidated load factor, and a mainline load factor of 87.3%, 2.1 points above the June 2009 mainline load factor. Both June load factors were records for the month.

The carrier reported a record June domestic mainline load factor of 88.2%, 0.1 points above the June 2009 domestic mainline load factor, and an all time record international mainline load factor of 86.5%, 4 points above June 2009.

During June, Continental recorded a U.S. Department of Transportation on-time arrival rate of 80.8% and a mainline segment completion factor of 99.9%.

Continental flew 8.4 billion consolidated revenue passenger miles (RPMs) and 9.7 billion consolidated available seat miles (ASMs) in the month, resulting in a consolidated traffic increase of 4.7% and a capacity increase of 2.2% as compared to June 2009.

 The airline also flew 7.5 billion mainline RPMs and 8.6 billion mainline ASMs, resulting in a mainline traffic increase of 4.6% and a mainline capacity increase of 2% compared to the same period last year.

 Domestic mainline traffic was 3.7 billion RPMs in June 2010, up 0.3% from June 2009, and domestic mainline capacity was 4.2 billion ASMs, up 0.1% from June 2009.

For June 2010, consolidated passenger revenue per available seat mile (RASM) is estimated to have increased between 21 and 22% compared to June 2009, while mainline RASM is estimated to have increased between 20.5 and 21.5%.

 For May 2010, consolidated passenger RASM increased 23.4% compared to May 2009, while mainline passenger RASM increased 22.6% compared to the same period 2009.

Continental ended the second quarter 2010 with an unrestricted cash, cash equivalents and short-term investments balance of approximately $3.51 billion.

The airline’s regional operations had a record June load factor of 83%, 1.5 points above the June 2009 regional load factor. Regional RPMs were 894.8 million and regional ASMs were 1,078.2 million in June 2010, resulting in a traffic increase of 5.7% and a capacity increase of 3.8% versus June 2009.

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