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, 2001
CONTINENTAL AIRLINES, INC.
(Exact name of registrant as specified in its charter)
|
Delaware |
0-09781 |
74-2099724 |
|
(State or other jurisdiction |
(Commission File Number) |
(IRS Employer |
|
of incorporation) |
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)
Item 5. Other Events.
On August 1, 2001, Continental Airlines, Inc. issued a press release, which is filed herewith as Exhibit 99.1 and incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
- Exhibits
- Press Release
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.
By /s/ Jennifer L. Vogel
Jennifer L. Vogel
Vice President and
General Counsel
August 1, 2001
EXHIBIT INDEX
- Press Release
EXHIBIT 99.1
News Release
Contact:
Corporate CommunicationsHouston: 713.324.5080
Email: corpcomm@coair.com
News archive: http://www.continental.com/news/ Address: P.O. Box 4607, Houston, TX 77210-4607
CONTINENTAL AIRLINES REPORTS JULY PERFORMANCE
HOUSTON, Aug. 1, 2001 -- Continental Airlines (NYSE: CAL) today reported a July load factor of 78.2 percent, 2.2 points below last year's July load factor.
Continental's on-time arrival rate was 82.8 percent and its completion factor was 99.3 percent in July.
In July 2001, Continental flew 6.2 billion revenue passenger miles (RPMs) and 8.0 billion available seat miles (ASMs), resulting in a traffic increase of 3.4 percent and a capacity increase of 6.4 percent versus July 2000. Domestic traffic was 3.8 billion RPMs, up 5.3 percent from July 2000, and domestic capacity was 4.9 billion ASMs, up 7.2 percent from last year.
The decline of Continental's load factor along with a decline in yield in July 2001, as compared to July 2000, resulted in a decrease in estimated systemwide passenger revenue per available seat mile (RASM) of between 9 and 11 percent.
Continental Express, a regional air carrier for Continental Airlines, reported a tie for its highest July load factor of 67.9 percent, 1.3 points above last July and tied with July 1999. The July load factor is also the second-highest record load factor of any month, 1.0 point below the record set by Continental Express in June 2001. Continental Express flew 336.3 million RPMs and 495.1 million ASMs in July, resulting in a traffic increase of 23.1 percent and a capacity increase of 20.8 percent versus July 2000.
-more-
JULY PERFORMANCE/PAGE 2
PRELIMINARY TRAFFIC RESULTSJULY 2001 2000 Change REVENUE PASSENGER MILES (000) Domestic 3,804,569 3,611,686 5.3 Percent International 2,432,191 2,419,346 0.5 Percent Transatlantic 1,094,259 1,215,567 (10.0)Percent Latin America 796,206 767,337 3.8 Percent Pacific 541,726 436,442 24.1 Percent Total Jet 6,236,760 6,031,032 3.4 Percent Cont'l. Express 336,278 273,086 23.1 Percent AVAILABLE SEAT MILES (000) Domestic 4,930,827 4,598,996 7.2 Percent International 3,048,880 2,900,141 5.1 Percent Transatlantic 1,328,966 1,397,175 (4.9)Percent Latin America 966,849 950,483 1.7 Percent Pacific 753,065 552,483 36.3 Percent Total Jet 7,979,707 7,499,137 6.4 Percent Cont'l. Express 495,120 409,896 20.8 Percent PASSENGER LOAD FACTOR Domestic 77.2 Percent 78.5 Percent (1.3)Points International 79.8 Percent 83.4 Percent (3.6)Points Transatlantic 82.3 Percent 87.0 Percent (4.7)Points Latin America 82.4 Percent 80.7 Percent 1.7 Points Pacific 71.9 Percent 79.0 Percent (7.1)Points Total Jet 78.2 Percent 80.4 Percent (2.2)Points Cont'l. Express 67.9 Percent 66.6 Percent 1.3 Points CARGO REVENUE TON MILES (000) Total 76,611 91,263 (16.1)Percent JULY PERFORMANCE/PAGE 3 YEAR-TO-DATE 2001 2000 Change REVENUE PASSENGER MILES (000) Domestic 23,689,817 22,971,098 3.1 Percent International 14,714,127 14,556,572 1.1 Percent Transatlantic 6,508,543 6,939,907 (6.2)Percent Latin America 4,873,079 4,762,453 2.3 Percent Pacific 3,332,505 2,854,212 16.8 Percent Total Jet 38,403,944 37,527,670 2.3 Percent Cont'l. Express 2,001,487 1,636,137 22.3 Percent AVAILABLE SEAT MILES (000) Domestic 32,405,545 30,726,797 5.5 Percent International 19,845,162 19,104,858 3.9 Percent Transatlantic 8,486,754 8,749,417 (3.0)Percent Latin America 6,649,113 6,492,202 2.4 Percent Pacific 4,709,295 3,863,239 21.9 Percent Total Jet 52,250,707 49,831,655 4.9 Percent Cont'l. Express 3,187,533 2,597,529 22.7 Percent PASSENGER LOAD FACTOR Domestic 73.1 Percent 74.8 Percent (1.7)Points International 74.1 Percent 76.2 Percent (2.1)Points Transatlantic 76.7 Percent 79.3 Percent (2.6)Points Latin America 73.3 Percent 73.4 Percent (0.1)Points Pacific 70.8 Percent 73.9 Percent (3.1)Points Total Jet 73.5 Percent 75.3 Percent (1.8)Points Cont'l. Express 62.8 Percent 63.0 Percent (0.2)Points CARGO REVENUE TON MILES (000) Total 574,693 625,881 (8.2)Percent JULY 2001 PERFORMANCE/PAGE 4 PRELIMINARY OPERATIONAL RESULTS JULY 2001 2000 Change On-Time Performance* 82.8% 80.1% 2.7 Points Completion Factor** 99.3% 99.0% 0.3 Points YEAR-TO-DATE 2001 2000 Change On-Time Performance 81.3% 80.1% 1.2 Points Completion Factor 98.9% 98.7% 0.2 Points PRELIMINARY RASM CHANGE AND FUEL PRICE JULY 2001 estimated year-over-year RASM Change (9) - (11)Percent JULY 2001 estimated average price per gallon of fuel, excluding fuel taxes 78 Cents * Department of Transportation Arrivals within 14 minutes ** System Mileage Completion percentage
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