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UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT PURSUANT
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TO SECTION 13 OR 15(d) OF THE
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SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): October 1, 2010
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UNITED CONTINENTAL HOLDINGS, INC.
CONTINENTAL AIRLINES, INC.
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(Exact Name of Registrant as Specified in Its Charter)
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DELAWARE
DELAWARE
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(State or Other Jurisdiction of Incorporation)
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1-06033
1-10323
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36-2675207
74-2099724
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(Commission File Number)
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(IRS Employer Identification No.)
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77 W. Wacker Drive, Chicago, IL
1600 Smith Street, Dept. HQSEO, Houston, Texas
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60601
77002
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(Address of Principal Executive Offices)
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(Zip Code)
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(312) 997-8000
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(713) 324-2950
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(Registrant’s Telephone Number, Including Area Code)
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______________________________________
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(Former Name or Former Address, if Changed Since Last Report)
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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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
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(17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
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(17 CFR 240.13e-4(c))
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Item 8.01.
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Other Events.
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On October 1, 2010, United Continental Holdings, Inc. issued a press release announcing the September 2010 performance of Continental Airlines, Inc., its wholly-owned subsidiary. The press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
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Item 9.01.
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Financial Statements and Exhibits.
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(d)
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Exhibits
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99.1
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Press Release for September Performance
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SIGNATURE
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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.
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UNITED CONTINENTAL HOLDINGS, INC.
CONTINENTAL AIRLINES, INC.
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October 1, 2010
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By /s/ Chris Kenny
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Chris Kenny
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Vice President and Controller
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EXHIBIT INDEX
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99.1
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Press Release for September Performance
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Exhibit 99.1
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News Release
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United Continental Holdings, Inc.
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Worldwide Media Relations
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312.997.8640
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713.324.5080
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media.relations@united.com
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media.relations@coair.com
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UNITED CONTINENTAL HOLDINGS REPORTS SEPTEMBER 2010
OPERATIONAL RESULTS FOR CONTINENTAL AIRLINES
CHICAGO, Oct. 1, 2010 – United Continental Holdings, Inc. (NYSE: UAL) today reported September 2010 and year-to-date 2010 operational results for Continental Airlines. Earlier today, United Continental Holdings, Inc., formerly UAL Corporation, announced that a wholly owned subsidiary merged with Continental Airlines, Inc., and that Continental Airlines and United Air Lines, Inc. are now wholly owned subsidiaries of United Continental Holdings, Inc. Stand-alone operational results for United Air Lines will be reported on Oct. 7.
Beginning with the release of October’s operational results in November, United Continental Holdings, Inc. will issue one news release on the fifth business day following the end of the prior month.
Continental’s consolidated traffic in September 2010 increased 3.1 percent versus September 2009 on a consolidated capacity increase of 1.4 percent. Continental’s consolidated load factor increased 1.4 points compared to the same period last year.
For September 2010, consolidated passenger revenue per available seat mile (RASM) for Continental is estimated to have increased between 19.0 and 20.0 percent compared to September 2009, while Continental’s mainline RASM is estimated to have increased between 21.0 to 22.0 percent compared to the same period last year.
Continental ended the third quarter of 2010 with an unrestricted cash, cash equivalents and short-term investments balance of approximately $4.20 billion.
About United Continental Holdings, Inc.
United Continental Holdings, Inc. (NYSE: UAL) is the holding company for both United Airlines and Continental Airlines. Together with United Express, Continental Express and Continental Connection, these airlines operate a total of approximately 5,800 flights a day to 371 airports throughout the Americas, Europe and Asia from their hubs in Chicago, Cleveland, Denver, Guam, Houston, Los Angeles, New York, San Francisco, Tokyo and Washington, D.C. United and Continental are members of Star Alliance, which offers more than 21,200 daily flights to 1,172 airports in 181 countries worldwide through its 28 member airlines. United’s and Continental’s more than 80,000 employees reside in every U.S. state and in many countries around the world. For more information about United Continental Holdings, Inc., go to UnitedContinentalHo
ldings.com. For more information about the airlines, see united.com and continental.com, and follow each company on Twitter and Facebook.
-tables attached-
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September
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Year-to-Date
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2010
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2009
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Change
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2010
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2009
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Change
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REVENUE PASSENGER MILES (000)
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Domestic
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3,113,877
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3,173,371
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-1.9
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%
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30,175,706
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30,522,134
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-1.1
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%
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International
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3,323,961
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3,048,654
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9.0
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%
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32,101,106
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30,066,409
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6.8
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%
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Transatlantic
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1,904,904
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1,727,480
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10.3
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%
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16,039,894
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15,426,106
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4.0
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%
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Latin America
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671,099
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635,693
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5.6
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%
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9,469,247
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8,999,186
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5.2
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%
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Pacific
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747,958
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685,481
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9.1
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%
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6,591,965
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5,641,117
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16.9
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%
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Mainline
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6,437,838
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6,222,025
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3.5
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%
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62,276,812
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60,588,543
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2.8
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%
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Regional
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724,711
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724,977
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0.0
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%
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7,286,564
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6,984,255
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4.3
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%
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Consolidated
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7,162,549
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6,947,002
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3.1
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%
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69,563,376
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67,572,798
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2.9
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%
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AVAILABLE SEAT MILES (000)
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Domestic
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3,759,886
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3,778,821
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-0.5
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%
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35,422,270
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35,966,166
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-1.5
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%
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International
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3,947,029
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3,791,178
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4.1
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%
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38,723,703
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38,151,937
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1.5
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%
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Transatlantic
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2,200,485
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2,079,010
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5.8
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%
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19,137,394
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19,582,526
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-2.3
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%
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Latin America
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856,419
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819,389
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4.5
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%
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11,651,234
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11,061,249
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5.3
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%
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Pacific
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890,125
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892,779
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-0.3
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%
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7,935,075
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7,508,162
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5.7
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%
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Mainline
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7,706,915
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7,569,999
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1.8
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%
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74,145,973
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74,118,103
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0.0
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%
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Regional
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936,311
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956,913
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-2.2
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%
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9,218,374
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9,144,698
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0.8
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%
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Consolidated
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8,643,226
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8,526,912
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1.4
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%
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83,364,347
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83,262,801
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0.1
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%
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PASSENGER LOAD FACTOR
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Domestic
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82.8 Percent
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84.0 Percent
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-1.2
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pts
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85.2 Percent
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84.9 Percent
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0.3
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pts
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International
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84.2 Percent
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80.4 Percent
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3.8
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pts
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82.9 Percent
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78.8 Percent
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4.1
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pts
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Transatlantic
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86.6 Percent
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83.1 Percent
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3.5
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pts
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83.8 Percent
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78.8 Percent
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5.0
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pts
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Latin America
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78.4 Percent
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77.6 Percent
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0.8
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pts
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81.3 Percent
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81.4 Percent
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-0.1
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pts
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Pacific
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84.0 Percent
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76.8 Percent
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7.2
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pts
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83.1 Percent
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75.1 Percent
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8.0
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pts
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Mainline
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83.5 Percent
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82.2 Percent
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1.3
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pts
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84.0 Percent
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81.7 Percent
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2.3
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pts
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Regional
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77.4 Percent
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75.8 Percent
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1.6
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pts
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79.0 Percent
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76.4 Percent
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2.6
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pts
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Consolidated
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82.9 Percent
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81.5 Percent
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1.4
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pts
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83.4 Percent
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81.2 Percent
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2.2
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pts
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ONBOARD PASSENGERS
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Mainline
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3,391,332
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3,330,332
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1.8
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%
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34,086,874
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34,618,306
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-1.5
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%
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Regional
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1,354,004
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1,350,709
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0.2
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%
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13,335,304
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12,932,311
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3.1
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%
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Consolidated
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4,745,336
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4,681,041
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1.4
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%
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47,422,178
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47,550,617
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-0.3
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%
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CARGO REVENUE TON MILES (000)
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Total
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91,319
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84,370
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8.2
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%
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822,955
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664,768
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23.8
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%
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Preliminary Operational and Financial Results
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Change
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August 2010 year-over-year consolidated RASM change
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19.1
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Percent
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August 2010 year-over-year mainline RASM change
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19.3
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Percent
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September 2010 estimated year-over-year consolidated RASM change
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19.0 - 20.0
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Percent
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September 2010 estimated year-over-year mainline RASM change
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21.0 - 22.0
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Percent
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September 2010 estimated average price per gallon of fuel, including fuel taxes
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2.22
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Dollars
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Third Quarter 2010 estimated average price per gallon of fuel, including fuel taxes
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2.21
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Dollars
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September
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2010
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2009
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Change
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On-Time Performance 1
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86.9%
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88.4%
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(1.5)
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Points
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Completion Factor 2
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99.7%
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99.8%
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(0.1)
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Points
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1 Department of Transportation Arrivals within 14 minutes
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2 Mainline Segment Completion Percentage
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###
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