View:
Download DOC
Download PDF
Download XLS

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): August 1, 2008

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 August 1, 2008, we issued a press release announcing our July 2008 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 July 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.



August 1, 2008

By  /s/ Chris Kenny

      Chris Kenny

Vice President and Controller

 

 

 

 

 

 

 

 

 

 

EXHIBIT INDEX

99.1

Press Release for July 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 JULY 2008

OPERATIONAL PERFORMANCE

HOUSTON, Aug. 1, 2008 - Continental Airlines (NYSE: CAL) today reported a July consolidated (mainline plus regional) load factor of 84.2 percent, 2.2 points below the July 2007 consolidated load factor, and a mainline load factor of 85.3 percent, 1.7 points below the July 2007 mainline load factor. In addition, the carrier reported a domestic mainline July load factor of 85.5 percent, 2.5 points below the July 2007 domestic mainline load factor, and an international mainline load factor of 85.0 percent, 1.0 point below July 2007.

During the month, Continental recorded a U.S. Department of Transportation on-time arrival rate of 76.1 percent and a mainline segment completion factor of 99.1 percent.

In July 2008, Continental flew 9.2 billion consolidated revenue passenger miles (RPMs) and 10.9 billion consolidated available seat miles (ASMs), resulting in a consolidated traffic increase of 1.6 percent and a capacity increase of 4.3 percent as compared to July 2007. In July 2008, Continental flew 8.3 billion mainline RPMs and 9.7 billion mainline ASMs, resulting in a mainline traffic increase of 1.1 percent and a mainline capacity increase of 3.2 percent as compared to July 2007. Domestic mainline traffic was 4.2 billion RPMs in July 2008, down 1.7 percent from July 2007, and domestic mainline capacity was 4.9 billion ASMs, up 1.2 percent from July 2007.

For July 2008 both consolidated and mainline passenger revenue per available seat mile (RASM) are estimated to have increased between 4.5 and 5.5 percent compared to July 2007. For June 2008, consolidated passenger RASM increased 4.1 percent compared to June 2007, while mainline passenger RASM increased 3.5 percent compared to June 2007.

Continental's regional operations had a July load factor of 76.0 percent, 5.5 points below the July 2007 regional load factor. Regional RPMs were 935.8 million and regional ASMs were 1,231.6 million in July 2008, resulting in a traffic increase of 6.0 percent and a capacity increase of 13.7 percent versus July 2007.

Continental Airlines is the world's fifth largest airline. Continental, together with Continental Express and Continental Connection, has more than 3,000 daily departures throughout the Americas, Europe and Asia, serving 140 domestic and 139 international destinations. More than 550 additional points are served via SkyTeam alliance airlines. With more than 46,000 employees, Continental has hubs serving New York, Houston, Cleveland and Guam, and together with Continental Express, carries approximately 69 million passengers per year.

Continental consistently earns awards and critical acclaim for both its operation and its corporate culture. For the fifth consecutive year, FORTUNE magazine named Continental the No. 1 World's Most Admired Airline on its 2008 list of World's Most Admired Companies. 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 2007 10-K and its other securities filings, including any amendments thereto, which identify important matters such as the consequences of the company's high leverage, the significant cost of aircraft fuel, the company's transition to a new global alliance, delays in scheduled aircraft deliveries, its high labor and pension costs, service interruptions at one of its hub airports, disruptions to the operations of its regional operators, disruptions in its computer systems, and industry conditions, including the airline pricing envi ronment, industry capacity decisions, industry consolidation, terrorist attacks, regulatory matters, excessive taxation, the availability and cost of insurance, public health threats, an economic downturn in the U.S. and global economies and the seasonal nature of the airline business. The company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this press release, except as required by applicable law.

 

PRELIMINARY TRAFFIC RESULTS

JULY

2008

2007

Change

REVENUE PASSENGER MILES (000)

Domestic

4,174,148

4,246,121

-1.7

Percent

International

4,092,027

3,929,204

4.1

Percent

Transatlantic

2,245,550

2,092,000

7.3

Percent

Latin America

1,207,248

1,152,720

4.7

Percent

Pacific

639,229

684,484

-6.6

Percent

Mainline

8,266,175

8,175,325

1.1

Percent

Regional

935,824

882,769

6.0

Percent

Consolidated

9,201,999

9,058,094

1.6

Percent

AVAILABLE SEAT MILES (000)

Domestic

4,884,063

4,826,157

1.2

Percent

International

4,812,171

4,570,083

5.3

Percent

Transatlantic

2,660,924

2,427,413

9.6

Percent

Latin America

1,366,080

1,310,433

4.2

Percent

Pacific

785,167

832,237

-5.7

Percent

Mainline

9,696,234

9,396,240

3.2

Percent

Regional

1,231,560

1,082,762

13.7

Percent

Consolidated

10,927,794

10,479,002

4.3

Percent

PASSENGER LOAD FACTOR

Domestic

85.5 Percent

88.0 Percent

-2.5

Points

International

85.0 Percent

86.0 Percent

-1.0

Point

Transatlantic

84.4 Percent

86.2 Percent

-1.8

Points

Latin America

88.4 Percent

88.0 Percent

0.4

Points

Pacific

81.4 Percent

82.2 Percent

-0.8

Points

Mainline

85.3 Percent

87.0 Percent

-1.7

Points

Regional

76.0 Percent

81.5 Percent

-5.5

Points

Consolidated

84.2 Percent

86.4 Percent

-2.2

Points

ONBOARD PASSENGERS

Mainline

4,699,437

4,773,432

-1.6

Percent

Regional

1,685,391

1,585,663

6.3

Percent

Consolidated

6,384,828

6,359,095

0.4

Percent

CARGO REVENUE TON MILES (000)

Total

83,783

81,597

2.7

Percent

 

 

PRELIMINARY TRAFFIC RESULTS

YEAR-TO-DATE

2008

2007

Change

REVENUE PASSENGER MILES (000)

Domestic

25,985,345

26,515,325

-2.0

Percent

International

24,221,298

22,815,288

6.2

Percent

Transatlantic

12,589,643

11,434,794

10.1

Percent

Latin America

7,418,534

6,924,391

7.1

Percent

Pacific

4,213,121

4,456,103

-5.5

Percent

Mainline

50,206,643

49,330,613

1.8

Percent

Regional

6,021,184

5,800,611

3.8

Percent

Consolidated

56,227,827

55,131,224

2.0

Percent

AVAILABLE SEAT MILES (000)

Domestic

31,044,992

31,479,038

-1.4

Percent

International

30,862,034

28,455,595

8.5

Percent

Transatlantic

16,364,910

14,299,369

14.4

Percent

Latin America

8,954,560

8,467,478

5.8

Percent

Pacific

5,542,564

5,688,748

-2.6

Percent

Mainline

61,907,026

59,934,633

3.3

Percent

Regional

7,779,084

7,385,365

5.3

Percent

Consolidated

69,686,110

67,319,998

3.5

Percent

PASSENGER LOAD FACTOR

Domestic

83.7 Percent

84.2 Percent

-0.5

Points

International

78.5 Percent

80.2 Percent

-1.7

Points

Transatlantic

76.9 Percent

80.0 Percent

-3.1

Points

Latin America

82.8 Percent

81.8 Percent

1.0

Point

Pacific

76.0 Percent

78.3 Percent

-2.3

Points

Mainline

81.1 Percent

82.3 Percent

-1.2

Points

Regional

77.4 Percent

78.5 Percent

-1.1

Points

Consolidated

80.7 Percent

81.9 Percent

-1.2

Points

ONBOARD PASSENGERS

Mainline

29,895,499

30,135,745

-0.8

Percent

Regional

10,890,016

10,519,837

3.5

Percent

Consolidated

40,785,515

40,655,582

0.3

Percent

CARGO REVENUE TON MILES (000)

Total

608,313

588,915

3.3

Percent

 

 

PRELIMINARY OPERATIONAL AND FINANCIAL RESULTS

JULY

2008

2007

Change

On-Time Performance 1

76.1%

69.7%

6.4

Points

Completion Factor 2

99.1%

98.9%

0.2

Points

June 2008 year-over-year consolidated RASM change

4.1

Percent

June 2008 year-over-year mainline RASM change

3.5

Percent

July 2008 estimated year-over-year consolidated RASM change

4.5 - 5.5

Percent

July 2008 estimated year-over-year mainline RASM change

4.5 - 5.5

Percent

July 2008 estimated average price per gallon of fuel, including fuel taxes

3.92

Dollars

Third Quarter 2008 estimated average price per gallon of fuel, including fuel taxes

3.87

Dollars

1 Department of Transportation Arrivals within 14 minutes

2 Mainline Segment Completion Percentage

###