SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 4, 2001
CONTINENTAL AIRLINES, INC.
(Exact name of registrant as specified in its charter)
|
Delaware |
0-09781 |
74-2099724 |
|
(State or other jurisdiction |
(Commission File Number) |
(IRS Employer |
|
of incorporation) |
Identification No.) |
|
1600 Smith Street, Dept. HQSEO, Houston, Texas |
77002 |
|
(Address of principal executive offices) |
(Zip Code) |
(713) 324-2950
(Registrant's telephone number, including area code)
Item 5. Other Events.
On September 4, 2001, Continental Airlines, Inc. issued a press release, which is filed herewith as Exhibit 99.1 and incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
- Exhibits
- Press Release
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, Continental Airlines, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CONTINENTAL AIRLINES, INC.
By /s/ Jennifer L. Vogel
Jennifer L. Vogel
Vice President and
General Counsel
September 4, 2001
EXHIBIT INDEX
- Press Release
EXHIBIT 99.1
News Release
Contact:
Corporate CommunicationsHouston: 713.324.5080
Email: corpcomm@coair.com
News archive: http://www.continental.com/news/ Address: P.O. Box 4607, Houston, TX 77210-4607
CONTINENTAL AIRLINES REPORTS AUGUST PERFORMANCE
HOUSTON, Sept. 4, 2001 -- Continental Airlines (NYSE: CAL) today reported an August load factor of 78.1 percent, 1.3 points below last year's August load factor.
Continental's on-time arrival rate was 77.7 percent and its completion factor was 99.2 percent in August. Several severe weather days across the system, especially in the carrier's Newark/New York and Houston hubs, affected August's on-time arrival rate.
In August 2001, Continental flew 6.4 billion revenue passenger miles (RPMs) and 8.1 billion available seat miles (ASMs), resulting in a traffic increase of 4.8 percent and a capacity increase of 6.5 percent versus August 2000. Domestic traffic was 3.9 billion RPMs, up 7.9 percent from August 2000, and domestic capacity was 5.1 billion ASMs, up 7.9 percent from last year.
The decline of Continental's load factor along with a decline in yield in August 2001, as compared to August 2000, resulted in a decrease in estimated systemwide passenger revenue per available seat mile (RASM) of between 12 and 14 percent.
Continental Express, a regional air carrier for Continental Airlines, reported a record August load factor of 66.0 percent, 2.8 points above last August. Continental Express flew 343.5 million RPMs and 520.2 million ASMs in August, resulting in a traffic increase of 26.3 percent and a capacity increase of 20.9 percent versus August 2000.
-more-
PRELIMINARY TRAFFIC RESULTS
|
AUGUST |
2001 |
2000 |
Change |
|
|
REVENUE PASSENGER MILES (000) |
||||
|
Domestic |
3,939,656 |
3,651,502 |
7.9 Percent |
|
|
International |
2,421,161 |
2,420,385 |
0.0 Percent |
|
|
Transatlantic |
1,055,583 |
1,211,007 |
(12.8) Percent |
|
|
Latin America |
777,038 |
742,551 |
4.6 Percent |
|
|
Pacific |
588,540 |
466,827 |
26.1 Percent |
|
|
Total Jet |
6,360,817 |
6,071,887 |
4.8 Percent |
|
|
Cont'l. Express |
343,492 |
271,958 |
26.3 Percent |
|
|
AVAILABLE SEAT MILES (000) |
||||
|
Domestic |
5,100,725 |
4,728,271 |
7.9 Percent |
|
|
International |
3,044,125 |
2,918,943 |
4.3 Percent |
|
|
Transatlantic |
1,322,783 |
1,398,101 |
(5.4) Percent |
|
|
Latin America |
969,046 |
943,361 |
2.7 Percent |
|
|
Pacific |
752,296 |
577,481 |
30.3 Percent |
|
|
Total Jet |
8,144,850 |
7,647,214 |
6.5 Percent |
|
|
Cont'l. Express |
520,172 |
430,400 |
20.9 Percent |
|
|
PASSENGER LOAD FACTOR |
||||
|
Domestic |
77.2 Percent |
77.2 Percent |
- Points |
|
|
|
||||
|
International |
79.5 Percent |
82.9 Percent |
(3.4) Points |
|
|
Transatlantic |
79.8 Percent |
86.6 Percent |
(6.8) Points |
|
|
Latin America |
80.2 Percent |
78.7 Percent |
1.5 Points |
|
|
Pacific |
78.2 Percent |
80.8 Percent |
(2.6) Points |
|
|
Total Jet |
78.1 Percent |
79.4 Percent |
(1.3) Points |
|
|
Cont'l. Express |
66.0 Percent |
63.2 Percent |
2.8 Points |
|
|
CARGO REVENUE TON MILES (000) |
||||
Total |
77,697 |
91,277 |
(14.9) Percent |
|
|
YEAR-TO-DATE |
2001 |
2000 |
Change |
|
|
REVENUE PASSENGER MILES (000) |
||||
|
Domestic |
27,629,268 |
26,622,600 |
3.8 Percent |
|
|
International |
17,136,141 |
16,976,955 |
0.9 Percent |
|
|
Transatlantic |
7,564,142 |
8,150,913 |
(7.2) Percent |
|
|
Latin America |
5,650,954 |
5,505,004 |
2.7 Percent |
|
|
Pacific |
3,921,045 |
3,321,038 |
18.1 Percent |
|
|
Total Jet |
44,765,409 |
43,599,555 |
2.7 Percent |
|
|
Cont'l. Express |
2,345,035 |
1,908,095 |
22.9 Percent |
|
|
AVAILABLE SEAT MILES (000) |
||||
|
Domestic |
37,506,043 |
35,455,068 |
5.8 Percent |
|
|
International |
22,889,050 |
22,023,801 |
3.9 Percent |
|
|
Transatlantic |
9,809,300 |
10,147,518 |
(3.3) Percent |
|
|
Latin America |
7,618,159 |
7,435,563 |
2.5 Percent |
|
|
Pacific |
5,461,591 |
4,440,720 |
23.0 Percent |
|
|
Total Jet |
60,395,093 |
57,478,869 |
5.1 Percent |
|
|
Cont'l. Express |
3,708,036 |
3,027,928 |
22.5 Percent |
|
|
PASSENGER LOAD FACTOR |
||||
|
Domestic |
73.7 Percent |
75.1 Percent |
(1.4) Points |
|
|
|
||||
|
International |
74.9 Percent |
77.1 Percent |
(2.2) Points |
|
|
Transatlantic |
77.1 Percent |
80.3 Percent |
(3.2) Points |
|
|
Latin America |
74.2 Percent |
74.0 Percent |
0.2 Points |
|
|
Pacific |
71.8 Percent |
74.8 Percent |
(3.0) Points |
|
|
Total Jet |
74.1 Percent |
75.9 Percent |
(1.8) Points |
|
|
Cont'l. Express |
63.2 Percent |
63.0 Percent |
0.2 Points |
|
|
CARGO REVENUE TON MILES (000) |
||||
Total |
652,594 |
717,158 |
(9.0) Percent |
|
PRELIMINARY OPERATIONAL RESULTS
|
AUGUST |
2001 |
2000 |
Change |
||
|
On-Time Performance* |
77.7% |
77.7% |
0.0 Points |
||
|
Completion Factor** |
99.2% |
99.1% |
0.1 Points |
||
|
YEAR-TO-DATE |
2001 |
2000 |
Change |
||
|
On-Time Performance |
80.9% |
77.7% |
3.2 Points |
||
|
Completion Factor |
98.9% |
98.7% |
0.2 Points |
||
|
PRELIMINARY RASM CHANGE AND FUEL PRICE |
|||||
|
AUGUST 2001 estimated year-over-year RASM Change |
(12-14) Percent |
||||
|
AUGUST 2001 estimated average price per gallonof fuel, excluding fuel taxes |
77 cents |
||||
* Department of Transportation Arrivals within 14 minutes
** System Mileage Completion percentage
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