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UNITED STATES

UNITED STATES

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): June 1, 2006

CONTINENTAL AIRLINES, INC.

(Exact Name of Registrant as Specified in Its Charter)

DELAWARE

(State or Other Jurisdiction of Incorporation)

1-10323

74-2099724

(Commission File Number)

(IRS Employer 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)

______________________________________

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

(17 CFR 240.14d-2(b))
 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

(17 CFR 240.13e-4(c))

Item 8.01. Other Events.

On June 1, 2006, we issued a press release announcing our May 2006 performance. The press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits
 

99.1

Press Release for May Performance
     

 

 

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.

 

 

June 1, 2006

By   /s/ Chris Kenny

       Chris Kenny

Vice President & Controller

 

 

 

 

 

 

 
 

        
 

       
     

 

 

EXHIBIT INDEX

99.1

Press Release for May Performance
   

 

 
News Release

EXHIBIT 99.1

News Release

Contact: Corporate Communications

Houston: 713.324.5080

Email: corpcomm@coair.com

News archive: continental.com/company/news/ Address: P.O. Box 4607, Houston, TX 77210-4607


CONTINENTAL AIRLINES REPORTS MAY 2006

OPERATIONAL PERFORMANCE

HOUSTON, June 1, 2006 - Continental Airlines (NYSE: CAL) today reported a May consolidated (mainline plus regional) load factor of 81.0 percent, 1.9 points above last year's May consolidated load factor. The carrier reported a mainline load factor of 81.0 percent, 1.2 points above the May 2005 mainline load factor, and a domestic mainline load factor of 83.9 percent, 2.7 points above May 2005. All three were records for May. In addition, the airline had an international mainline load factor of 78.0 percent, the same as in May 2005.

During the month, Continental recorded a U.S. Department of Transportation on-time arrival rate of 74.1 percent and a mainline completion factor of 99.9 percent.

In May 2006, Continental flew 7.6 billion consolidated revenue passenger miles (RPMs) and 9.4 billion consolidated available seat miles (ASMs), resulting in a traffic increase of 14.6 percent and a capacity increase of 11.9 percent as compared to May 2005. In May 2006, Continental flew 6.7 billion mainline RPMs and 8.3 billion mainline ASMs, resulting in a mainline traffic increase of 13.5 percent and a mainline capacity increase of 11.8 percent as compared to May 2005. Domestic mainline traffic was 3.6 billion RPMs in May 2006, up 7.9 percent from May 2005, and domestic mainline capacity was 4.3 billion ASMs, up 4.6 percent from May 2005.

For May 2006, consolidated passenger revenue per available seat mile (RASM) is estimated to have increased between 8.5 and 9.5 percent compared to May 2005, while mainline passenger RASM is estimated to have increased between 7.0 and 8.0 percent compared to May 2005.  For April 2006, consolidated passenger RASM increased 12.9 percent compared to April 2005, while mainline passenger RASM increased 12.0 percent from April 2005.

May 2006 sales at continental.com increased 52.0 percent over May 2005.

Continental's regional operations had a record May load factor of 81.1 percent, 7.4 points above last year's May load factor. Regional RPMs were 913.1 million and regional ASMs were 1,125.9 million in May 2006, resulting in a traffic increase of 23.5 percent and a capacity increase of 12.3 percent versus May 2005.

Continental Airlines, together with Continental Express and Continental Connection, has more than 3,200 daily departures throughout the Americas, Europe and Asia, serving 152 domestic and 138 international destinations. More than 400 additional points are served via SkyTeam alliance airlines.  With more than 42,000 employees, Continental has hubs serving New York, Houston, Cleveland and Guam, and together with Continental Express, carries approximately 61 million passengers per year. Continental consistently earns awards and critical acclaim for both its operation and its corporate culture.

For the third consecutive year, FORTUNE magazine named Continental the No. 1 Most Admired Global Airline on its 2006 list of Most Admired Global Companies. Continental was also named the No. 1 airline on the publication's 2006 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 third year in a row, and "Best Executive/Business Class" for the fourth 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 2005 10-K and its other securities filings, including any amendments thereto, which identify important matters such as the consequences of our significant financial losses and high leverage, terrorist attacks, domestic and international economic conditions, the significant cost of aircraft fuel, labor costs, competition, and industry conditions, including the demand for air travel, the airline pricing environment and industry capacity decisions, regulatory matters and the seasonal nature of the airline business. The company undertakes no obligat ion 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

MAY

2006

2005

Change

REVENUE PASSENGER MILES (000)

Domestic

3,627,338

3,360,596

7.9

Percent

International

3,107,603

2,571,356

20.9

Percent

Transatlantic

1,610,681

1,346,282

19.6

Percent

Latin America

855,046

679,853

25.8

Percent

Pacific

641,876

545,221

17.7

Percent

Mainline

6,734,940

5,931,951

13.5

Percent

Regional

913,116

739,289

23.5

Percent

Consolidated

7,648,056

6,671,241

14.6

Percent

AVAILABLE SEAT MILES (000)

Domestic

4,325,610

4,137,036

4.6

Percent

International

3,985,842

3,296,940

20.9

Percent

Transatlantic

2,039,614

1,640,927

24.3

Percent

Latin America

1,111,123

945,970

17.5

Percent

Pacific

835,106

710,044

17.6

Percent

Mainline

8,311,453

7,433,976

11.8

Percent

Regional

1,125,880

1,002,596

12.3

Percent

Consolidated

9,437,333

8,436,572

11.9

Percent

PASSENGER LOAD FACTOR

Domestic

83.9 Percent

81.2 Percent

2.7

Points

International

78.0 Percent

78.0 Percent

0.0

Points

Transatlantic

79.0 Percent

82.0 Percent

-3.0

Points

Latin America

77.0 Percent

71.9 Percent

5.1

Points

Pacific

76.9 Percent

76.8 Percent

0.1

Points

Mainline

81.0 Percent

79.8 Percent

1.2

Points

Regional

81.1 Percent

73.7 Percent

7.4

Points

Consolidated

81.0 Percent

79.1 Percent

1.9

Points

ONBOARD PASSENGERS

Mainline

4,165,495

3,766,448

10.6

Percent

Regional

1,634,883

1,355,681

20.6

Percent

Consolidated

5,800,378

5,122,129

13.2

Percent

CARGO REVENUE TON MILES (000)

Total

87,077

76,154

14.3

Percent

PRELIMINARY TRAFFIC RESULTS

YEAR-TO-DATE

2006

2005

Change

REVENUE PASSENGER MILES (000)

Domestic

17,226,060

15,771,600

9.2

Percent

International

14,151,411

12,009,148

17.8

Percent

Transatlantic

6,579,907

5,527,540

19.0

Percent

Latin America

4,538,643

3,897,679

16.4

Percent

Pacific

3,032,861

2,583,929

17.4

Percent

Mainline

31,377,471

27,780,748

12.9

Percent

Regional

4,101,037

3,392,053

20.9

Percent

Consolidated

35,478,508

31,172,801

13.8

Percent

AVAILABLE SEAT MILES (000)

Domestic

20,860,794

19,857,064

5.1

Percent

International

18,479,277

15,699,153

17.7

Percent

Transatlantic

8,630,688

7,076,789

22.0

Percent

Latin America

5,810,271

5,157,090

12.7

Percent

Pacific

4,038,318

3,465,274

16.5

Percent

Mainline

39,340,071

35,556,217

10.6

Percent

Regional

5,299,826

4,714,724

12.4

Percent

Consolidated

44,639,897

40,270,941

10.8

Percent

PASSENGER LOAD FACTOR

Domestic

82.6 Percent

79.4 Percent

3.2

Points

International

76.6 Percent

76.5 Percent

0.1

Points

Transatlantic

76.2 Percent

78.1 Percent

-1.9

Points

Latin America

78.1 Percent

75.6 Percent

2.5

Points

Pacific

75.1 Percent

74.6 Percent

0.5

Points

Mainline

79.8 Percent

78.1 Percent

1.7

Points

Regional

77.4 Percent

71.9 Percent

5.5

Points

Consolidated

79.5 Percent

77.4 Percent

2.1

Points

ONBOARD PASSENGERS

Mainline

19,841,346

18,079,815

9.7

Percent

Regional

7,275,399

6,149,945

18.3

Percent

Consolidated

27,116,745

24,229,760

11.9

Percent

CARGO REVENUE TON MILES (000)

Total

439,815

418,781

5.0

Percent

 

 

PRELIMINARY OPERATIONAL AND FINANCIAL RESULTS

MAY

2006

2005

Change

On-Time Performance 1

74.1%

83.7%

(9.6)

Points

Completion Factor 2

99.9%

99.8%

0.1

Points

April 2006 year-over-year consolidated RASM change

12.9

Percent

April 2006 year-over-year mainline RASM change

12.0

Percent

May 2006 estimated year-over-year consolidated RASM change

8.5-9.5

Percent

May 2006 estimated year-over-year mainline RASM change

7.0-8.0

Percent

May 2006 estimated average price per gallon of fuel, including fuel taxes

2.14

Dollars

Second Quarter 2006 estimated average price per gallon of fuel, including fuel taxes

2.10

Dollars

1 Department of Transportation Arrivals within 14 minutes

2 Mainline Mileage Completion Percentage

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