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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): December 1,
2009
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CONTINENTAL
AIRLINES, INC.
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(Exact
Name of Registrant as Specified in Its
Charter)
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DELAWARE
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(State
or Other Jurisdiction of
Incorporation)
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1-10323
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74-2099724
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(Commission
File Number)
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(IRS
Employer Identification No.)
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1600
Smith Street, Dept. HQSEO, Houston, Texas
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77002
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(Address
of Principal Executive Offices)
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(Zip
Code)
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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 December 1, 2009, Continental
Airlines, Inc. issued a press release announcing its November 2009 performance.
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 November 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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CONTINENTAL
AIRLINES, INC.
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December
1, 2009
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By
/s/ Lori A.
Gobillot
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Lori
A. Gobillot
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Staff
Vice President and Assistant General
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Counsel
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EXHIBIT
INDEX
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99.1
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Press
Release for November Performance
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News
Release
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Exhibit
99.1
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Contact:
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Corporate
Communications
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Houston:
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713.324.5080
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Email:
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corpcomm@coair.com
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News
archive:
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continental.com/company/news/
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Address:
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P.O.
Box 4607, Houston, TX 77210-4607
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CONTINENTAL
AIRLINES REPORTS NOVEMBER 2009
OPERATIONAL
PERFORMANCE
HOUSTON,
Dec. 1, 2009 – Continental Airlines (NYSE: CAL) today reported a November
consolidated (mainline plus regional) load factor of 80.5 percent, 3.2 points
above the November 2008 consolidated load factor, and a record mainline load
factor of 81.1 percent, 3.3 points above the November 2008 mainline load
factor. The carrier reported a domestic mainline November load factor
of 83.3 percent, 2.7 points above the November 2008 domestic mainline load
factor, and a record international mainline load factor of 78.8 percent, 3.8
points above November 2008.
During
November, Continental recorded a U.S. Department of Transportation (DOT) on-time
arrival rate of 86.2 percent, a record for the month, and a mainline segment
completion factor of 99.6 percent.
In
November 2009, Continental flew 6.8 billion consolidated revenue passenger miles
(RPMs) and 8.4 billion consolidated available seat miles (ASMs), resulting in a
consolidated traffic increase of 2.9 percent and a capacity decrease of 1.2
percent as compared to November 2008. In November 2009, Continental flew 6.0
billion mainline RPMs and 7.4 billion mainline ASMs, resulting in a mainline
traffic increase of 2.7 percent and a mainline capacity decrease of 1.4 percent
as compared to November 2008. Domestic mainline traffic was 3.2 billion RPMs in
November 2009, up 2.9 percent from November 2008, and domestic mainline capacity
was 3.8 billion ASMs, down 0.5 percent from November 2008.
For
November 2009, consolidated passenger revenue per available seat mile (RASM) is
estimated to have decreased between 7.0 and 9.0 percent compared to November
2008, while mainline RASM is estimated to have decreased between 8.0 and 10.0
percent. The ranges of the year-over-year RASM estimates for the month of
November are wider than usual due to processing delays associated with the
transition to Star Alliance.
For
October 2009, consolidated passenger RASM decreased 14.2 percent compared to
October 2008, while mainline passenger RASM decreased 15.2 percent compared to
October 2008.
Continental
anticipates ending 2009 with an unrestricted cash, cash equivalents and
short-term investments balance of approximately $2.5 billion.
Continental’s
regional operations had a November load factor of 75.9 percent, 2.8 points above
the November 2008 regional load factor. Regional RPMs were 743.8 million and
regional ASMs were 980.4 million in November 2009, resulting in a traffic
increase of 4.0 percent and a capacity increase of 0.3 percent versus November
2008.
Continental
Airlines is the world’s fifth largest airline. Continental, together
with Continental Express and Continental Connection, has more than 2,400 daily
departures throughout the Americas, Europe and Asia, serving 130 domestic and
132 international destinations. Continental is a member of Star
Alliance, which provides access to more than 900 additional points in 169
countries via 24 other member airlines. With more than 41,000
employees, Continental has hubs serving New York, Houston, Cleveland and Guam,
and together with its regional partners, carries approximately 63 million
passengers per year.
Celebrating
its 75th anniversary this year, Continental consistently earns awards and
critical acclaim for both its operation and its corporate
culture. For the sixth consecutive year, FORTUNE magazine named
Continental the No. 1 World’s Most Admired Airline on its 2009 list of World’s
Most Admired Companies. For more company information, go to
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 2008 Form 10-K and its other
securities filings, including any amendments thereto, which identify important
matters such as the significant volatility in the cost of aircraft fuel, its
transition to a new global alliance, the consequences of its high leverage and
other significant capital commitments, its high labor and pension costs, delays
in scheduled aircraft deliveries, 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 recession in the
U.S. and global economies, the airline pricing environment, terrorist attacks,
regulatory matters, excessive taxation, industry consolidation, the availability
and cost of insurance, public health threats 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.
(more)
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PRELIMINARY
TRAFFIC RESULTS
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NOVEMBER
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2009
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2008
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Change
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REVENUE
PASSENGER MILES (000)
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Domestic
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3,167,699
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3,079,293
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2.9
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Percent
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International
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2,856,964
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2,784,408
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2.6
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Percent
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Transatlantic
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1,412,455
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1,465,741
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-3.6
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Percent
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Latin
America
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848,364
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801,485
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5.8
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Percent
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Pacific
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596,145
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517,182
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15.3
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Percent
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Mainline
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6,024,663
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5,863,701
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2.7
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Percent
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Regional
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743,767
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715,003
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4.0
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Percent
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Consolidated
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6,768,430
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6,578,704
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2.9
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Percent
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AVAILABLE
SEAT MILES (000)
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Domestic
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3,801,151
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3,819,969
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-0.5
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Percent
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International
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3,623,427
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3,712,195
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-2.4
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Percent
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Transatlantic
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1,762,500
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1,986,001
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-11.3
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Percent
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Latin
America
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1,053,031
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1,016,962
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3.5
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Percent
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Pacific
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807,896
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709,232
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13.9
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Percent
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Mainline
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7,424,578
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7,532,164
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-1.4
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Percent
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Regional
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980,376
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977,543
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0.3
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Percent
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Consolidated
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8,404,954
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8,509,707
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-1.2
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Percent
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PASSENGER
LOAD FACTOR
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||||||
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Domestic
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83.3
Percent
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80.6
Percent
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2.7
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Points
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International
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78.8
Percent
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75.0
Percent
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3.8
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Points
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Transatlantic
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80.1
Percent
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73.8
Percent
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6.3
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Points
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Latin
America
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80.6
Percent
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78.8
Percent
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1.8
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Points
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Pacific
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73.8
Percent
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72.9
Percent
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0.9
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Points
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Mainline
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81.1
Percent
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77.8
Percent
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3.3
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Points
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Regional
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75.9
Percent
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73.1
Percent
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2.8
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Points
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Consolidated
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80.5
Percent
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77.3
Percent
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3.2
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Points
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ONBOARD
PASSENGERS
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Mainline
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3,470,421
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3,487,165
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-0.5
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Percent
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Regional
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1,374,653
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1,325,422
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3.7
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Percent
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Consolidated
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4,845,074
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4,812,587
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0.7
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Percent
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CARGO
REVENUE TON MILES (000)
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Total
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92,020
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79,021
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16.5
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Percent
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PRELIMINARY
TRAFFIC RESULTS
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YEAR-TO-DATE
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2009
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2008
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Change
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REVENUE
PASSENGER MILES (000)
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Domestic
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37,133,151
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39,504,455
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-6.0
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Percent
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International
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35,954,063
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36,967,642
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-2.7
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Percent
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Transatlantic
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18,482,625
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19,814,324
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-6.7
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Percent
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Latin
America
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10,587,178
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10,652,411
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-0.6
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Percent
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Pacific
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6,884,260
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6,500,907
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5.9
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Percent
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Mainline
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73,087,214
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76,472,097
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-4.4
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Percent
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Regional
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8,510,015
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9,103,936
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-6.5
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Percent
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Consolidated
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81,597,229
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85,576,033
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-4.6
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Percent
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AVAILABLE
SEAT MILES (000)
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Domestic
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43,798,617
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47,447,699
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-7.7
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Percent
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International
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45,542,892
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47,198,249
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-3.5
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Percent
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Transatlantic
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23,306,459
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25,674,637
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-9.2
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Percent
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Latin
America
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13,036,567
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12,991,056
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0.4
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Percent
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Pacific
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9,199,866
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8,532,556
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7.8
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Percent
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Mainline
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89,341,509
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94,645,948
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-5.6
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Percent
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Regional
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11,124,994
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11,963,468
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-7.0
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Percent
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Consolidated
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100,466,503
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106,609,416
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-5.8
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Percent
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PASSENGER
LOAD FACTOR
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||||||
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Domestic
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84.8
Percent
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83.3
Percent
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1.5
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Points
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International
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78.9
Percent
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78.3
Percent
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0.6
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Points
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Transatlantic
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79.3
Percent
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77.2
Percent
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2.1
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Points
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Latin
America
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81.2
Percent
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82.0
Percent
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-0.8
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Points
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Pacific
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74.8
Percent
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76.2
Percent
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-1.4
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Points
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Mainline
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81.8
Percent
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80.8
Percent
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1.0
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Point
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||
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Regional
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76.5
Percent
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76.1
Percent
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0.4
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Points
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Consolidated
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81.2
Percent
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80.3
Percent
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0.9
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Points
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ONBOARD
PASSENGERS
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||||||
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Mainline
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41,740,782
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44,894,665
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-7.0
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Percent
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Regional
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15,775,617
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16,597,677
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-5.0
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Percent
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Consolidated
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57,516,399
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61,492,342
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-6.5
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Percent
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CARGO
REVENUE TON MILES (000)
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||||||
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Total
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852,270
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934,259
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-8.8
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Percent
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PRELIMINARY
OPERATIONAL AND FINANCIAL RESULTS
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||||||
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NOVEMBER
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2009
|
2008
|
Change
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On-Time
Performance 1
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86.2%
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80.7%
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5.5
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Points
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Completion
Factor 2
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99.6%
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99.9%
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(0.3)
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Points
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October
2009 year-over-year consolidated RASM change
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(14.2)
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Percent
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October
2009 year-over-year mainline RASM change
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(15.2)
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Percent
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||||
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November
2009 estimated year-over-year consolidated RASM change
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(7.0)
- (9.0)
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Percent
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||||
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November
2009 estimated year-over-year mainline RASM change
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(8.0)
- (10.0)
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Percent
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||||
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November
2009 estimated average price per gallon of fuel, including fuel
taxes
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2.05
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Dollars
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Fourth
Quarter 2009 estimated average price per gallon of fuel, including fuel
taxes
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1.99
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Dollars
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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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