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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): February 1,
2010
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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 February 1, 2010, Continental
Airlines, Inc. issued a press release announcing its January 2010 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 January 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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February
1, 2010
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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 January 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 JANUARY 2010
OPERATIONAL
PERFORMANCE
HOUSTON,
Feb. 1, 2010 – Continental Airlines (NYSE: CAL) today reported a January
consolidated (mainline plus regional) load factor of 77.2 percent, 4.0 points
above the January 2009 consolidated load factor, and a mainline load factor of
78.0 percent, 4.0 points above the January 2009 mainline load
factor. Both January load factors were records for the
month. The carrier reported a domestic mainline January load factor
of 78.2 percent, 1.6 points above the January 2009 domestic mainline load
factor, and a record international mainline load factor of 77.8 percent, 6.1
points above January 2009.
During
January, Continental recorded a U.S. Department of Transportation (DOT) on-time
arrival rate of 82.3 percent and a mainline segment completion factor of 99.5
percent.
In
January 2010, Continental flew 7.0 billion consolidated revenue passenger miles
(RPMs) and 9.0 billion consolidated available seat miles (ASMs), resulting in a
consolidated traffic increase of 8.5 percent and a capacity increase of 2.8
percent as compared to January 2009. In January 2010, Continental flew 6.3
billion mainline RPMs and 8.1 billion mainline ASMs, resulting in a mainline
traffic increase of 8.6 percent and a mainline capacity increase of 3.1 percent
as compared to January 2009. Domestic mainline traffic was 2.9 billion RPMs in
January 2010, up 2.4 percent from January 2009, and domestic mainline capacity
was 3.7 billion ASMs, up 0.2 percent from January 2009.
For
January 2010, consolidated passenger revenue per available seat mile (RASM) is
estimated to have decreased between 1.0 and 2.0 percent compared to January
2009, while mainline RASM is estimated to have decreased between 2.5 and 3.5
percent. For December 2009, consolidated passenger RASM decreased 4.1 percent
compared to December 2008, while mainline passenger RASM decreased 4.8 percent
compared to December 2008.
Continental’s
regional operations had a January load factor of 70.7 percent, 4.2 points above
the January 2009 regional load factor. Regional RPMs were 696.8 million and
regional ASMs were 984.9 million in January 2010, resulting in a traffic
increase of 7.4 percent and a capacity increase of 0.9 percent versus January
2009.
Continental
Airlines is the world’s fifth largest airline. Continental, together
with Continental Express and Continental Connection, has more than 2,500 daily
departures throughout the Americas, Europe and Asia, serving 133 domestic and
135 international destinations. Continental is a member of Star
Alliance, which overall offers 19,700 daily flights to 1,077 airports in 175
countries through its 26 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.
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.
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PRELIMINARY
TRAFFIC RESULTS
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JANUARY
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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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2,912,661
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2,845,229
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2.4
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Percent
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International
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3,365,819
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2,934,385
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14.7
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Percent
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Transatlantic
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1,489,850
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1,316,265
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13.2
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Percent
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Latin
America
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1,167,462
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1,060,217
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10.1
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Percent
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Pacific
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708,507
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557,903
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27.0
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Percent
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Mainline
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6,278,480
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5,779,614
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8.6
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Percent
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Regional
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696,803
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648,796
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7.4
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Percent
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Consolidated
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6,975,283
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6,428,410
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8.5
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Percent
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AVAILABLE
SEAT MILES (000)
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Domestic
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3,724,256
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3,715,726
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0.2
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Percent
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International
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4,327,218
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4,094,507
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5.7
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Percent
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Transatlantic
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1,947,216
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2,033,485
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-4.2
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Percent
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Latin
America
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1,449,383
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1,327,087
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9.2
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Percent
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Pacific
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930,619
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733,935
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26.8
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Percent
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Mainline
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8,051,474
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7,810,233
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3.1
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Percent
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Regional
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984,944
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975,959
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0.9
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Percent
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Consolidated
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9,036,418
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8,786,192
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2.8
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Percent
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PASSENGER
LOAD FACTOR
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Domestic
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78.2
Percent
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76.6
Percent
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1.6
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Points
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International
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77.8
Percent
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71.7
Percent
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6.1
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Points
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Transatlantic
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76.5
Percent
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64.7
Percent
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11.8
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Points
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Latin
America
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80.5
Percent
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79.9
Percent
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0.6
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Points
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Pacific
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76.1
Percent
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76.0
Percent
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0.1
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Points
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Mainline
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78.0
Percent
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74.0
Percent
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4.0
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Points
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Regional
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70.7
Percent
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66.5
Percent
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4.2
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Points
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Consolidated
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77.2
Percent
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73.2
Percent
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4.0
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Points
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ONBOARD
PASSENGERS
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Mainline
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3,453,155
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3,384,402
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2.0
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Percent
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Regional
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1,253,951
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1,179,839
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6.3
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Percent
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Consolidated
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4,707,106
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4,564,241
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3.1
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Percent
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CARGO
REVENUE TON MILES (000)
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Total
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64,381
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63,103
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2.0
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Percent
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PRELIMINARY
OPERATIONAL AND FINANCIAL RESULTS
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JANUARY
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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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82.3%
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77.4%
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4.9
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Points
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Completion
Factor 2
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99.5%
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99.3%
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0.2
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Points
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December
2009 year-over-year consolidated RASM change
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(4.1)
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Percent
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December
2009 year-over-year mainline RASM change
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(4.8)
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Percent
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January
2010 estimated year-over-year consolidated RASM change
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(1.0)
- (2.0)
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Percent
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January
2010 estimated year-over-year mainline RASM change
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(2.5)
- (3.5)
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Percent
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January
2010 estimated average price per gallon of fuel, including fuel
taxes
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2.16
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Dollars
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First
Quarter 2010 estimated average price per gallon of fuel, including fuel
taxes
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2.10
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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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