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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): November 3,
2008
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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. Other
Events.
On November 3, 2008, we issued a press
release announcing our October 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
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99.1
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Press
Release for October 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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November
3, 2008
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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 October 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 OCTOBER 2008
OPERATIONAL
PERFORMANCE
HOUSTON,
Nov. 3, 2008 – Continental Airlines (NYSE: CAL) today reported an October
consolidated (mainline plus regional) load factor of 79.0 percent, 0.5 points
below the October 2007 consolidated load factor, and a mainline load factor of
79.5 percent, 0.3 points below the October 2007 mainline load
factor. In addition, the carrier reported a domestic mainline October load
factor of 83.0 percent, 0.5 points above the October 2007 domestic mainline load
factor, and an international mainline load factor of 75.9 percent, 0.8 points
below October 2007.
During
the month, Continental recorded a U.S. Department of Transportation (DOT)
on-time arrival rate of 81.4 percent and a mainline segment completion factor of
99.7 percent.
In
October 2008, Continental flew 7.1 billion consolidated revenue passenger miles
(RPMs) and 9.0 billion consolidated available seat miles (ASMs), resulting in a
consolidated traffic decrease of 7.3 percent and a capacity decrease of 6.7
percent as compared to October 2007. In October 2008, Continental flew 6.4
billion mainline RPMs and 8.0 billion mainline ASMs, resulting in a mainline
traffic decrease of 7.6 percent and a mainline capacity decrease of 7.3 percent
as compared to October 2007. Domestic mainline traffic was 3.4 billion RPMs in
October 2008, down 10.2 percent from October 2007, and domestic mainline
capacity was 4.1 billion ASMs, down 10.8 percent from October 2007.
For
October 2008, consolidated passenger revenue per available seat mile (RASM) is
estimated to have increased between 9.0 and 10.0 percent compared to October
2007, while mainline passenger RASM is estimated to have increased between 10.0
and 11.0 percent compared to October 2007. Mainline domestic RASM for October
2008 is estimated to have increased between 10.0 and 11.0 percent year over
year.
Mainline
domestic RASM for November 2008 is expected to be up 4.0 to 6.0 percent year
over year, as close in yields are expected to come in lower than earlier
anticipated as a result of the weakened economy.
For
September 2008, consolidated passenger RASM increased 12.4 percent compared to
September 2007, while mainline passenger RASM increased 14.1 percent compared to
September 2007.
Continental’s
regional operations had an October load factor of 74.9 percent, 2.0 points below
the October 2007 regional load factor. Regional RPMs were 785.2 million
and regional ASMs were 1,048.3 million in October 2008, resulting in a traffic
decrease of 4.4 percent and a capacity decrease of 1.8 percent versus October
2007.
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 134 domestic and
131 international destinations. More than 675 additional points are served via
alliance partners. With more than 43,000 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, 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 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 volatility in the 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
environment, 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.
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PRELIMINARY
TRAFFIC RESULTS
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OCTOBER
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2008
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2007
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Change
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REVENUE
PASSENGER MILES (000)
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Domestic
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3,365,484
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3,748,932
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-10.2
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Percent
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International
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2,984,903
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3,124,304
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-4.5
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Percent
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Transatlantic
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1,755,376
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1,791,893
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-2.0
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Percent
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Latin
America
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677,785
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704,683
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-3.8
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Percent
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Pacific
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551,742
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627,728
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-12.1
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Percent
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Mainline
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6,350,387
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6,873,236
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-7.6
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Percent
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Regional
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785,161
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821,467
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-4.4
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Percent
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Consolidated
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7,135,548
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7,694,703
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-7.3
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Percent
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AVAILABLE
SEAT MILES (000)
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Domestic
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4,054,927
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4,545,441
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-10.8
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Percent
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International
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3,934,229
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4,071,163
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-3.4
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Percent
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Transatlantic
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2,321,162
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2,321,631
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0.0
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Percent
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Latin
America
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864,651
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919,601
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-6.0
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Percent
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Pacific
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748,416
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829,931
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-9.8
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Percent
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Mainline
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7,989,156
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8,616,604
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-7.3
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Percent
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Regional
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1,048,292
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1,067,794
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-1.8
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Percent
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Consolidated
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9,037,448
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9,684,398
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-6.7
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Percent
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PASSENGER
LOAD FACTOR
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Domestic
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83.0
Percent
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82.5
Percent
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0.5
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Points
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International
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75.9
Percent
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76.7
Percent
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-0.8
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Points
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Transatlantic
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75.6
Percent
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77.2
Percent
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-1.6
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Points
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Latin
America
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78.4
Percent
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76.6
Percent
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1.8
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Points
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Pacific
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73.7
Percent
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75.6
Percent
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-1.9
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Points
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Mainline
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79.5
Percent
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79.8
Percent
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-0.3
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Points
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Regional
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74.9
Percent
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76.9
Percent
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-2.0
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Points
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Consolidated
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79.0
Percent
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79.5
Percent
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-0.5
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Points
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ONBOARD
PASSENGERS
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Mainline
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3,693,011
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4,115,874
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-10.3
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Percent
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Regional
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1,477,464
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1,535,726
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-3.8
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Percent
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Consolidated
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5,170,475
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5,651,600
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-8.5
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Percent
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CARGO
REVENUE TON MILES (000)
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Total
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85,635
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94,618
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-9.5
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Percent
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YEAR-TO-DATE
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2008
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2007
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Change
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REVENUE
PASSENGER MILES (000)
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Domestic
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36,425,162
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38,041,502
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-4.2
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Percent
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International
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34,183,234
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32,870,804
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4.0
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Percent
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Transatlantic
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18,348,583
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17,074,431
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7.5
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Percent
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Latin
America
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9,850,926
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9,377,360
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5.1
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Percent
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Pacific
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5,983,725
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6,419,013
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-6.8
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Percent
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Mainline
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70,608,396
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70,912,306
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-0.4
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Percent
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Regional
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8,388,933
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8,278,290
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1.3
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Percent
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Consolidated
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78,997,329
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79,190,596
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-0.2
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Percent
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AVAILABLE
SEAT MILES (000)
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Domestic
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43,627,730
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45,192,026
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-3.5
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Percent
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International
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43,486,054
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41,116,790
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5.8
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Percent
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Transatlantic
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23,688,636
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21,353,753
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10.9
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Percent
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Latin
America
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11,974,094
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11,574,201
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3.5
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Percent
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Pacific
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7,823,324
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8,188,836
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-4.5
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Percent
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Mainline
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87,113,784
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86,308,816
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0.9
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Percent
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Regional
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10,985,925
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10,563,153
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4.0
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Percent
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Consolidated
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98,099,709
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96,871,969
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1.3
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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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83.5
Percent
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84.2
Percent
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-0.7
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Points
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International
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78.6
Percent
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79.9
Percent
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-1.3
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Points
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Transatlantic
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77.5
Percent
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80.0
Percent
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-2.5
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Points
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Latin
America
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82.3
Percent
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81.0
Percent
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1.3
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Point
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Pacific
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76.5
Percent
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78.4
Percent
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-1.9
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Points
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Mainline
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81.1
Percent
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82.2
Percent
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-1.1
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Points
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Regional
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76.4
Percent
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78.4
Percent
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-2.0
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Points
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Consolidated
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80.5
Percent
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81.7
Percent
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-1.2
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Points
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ONBOARD
PASSENGERS
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Mainline
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41,407,500
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42,765,225
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-3.2
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Percent
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Regional
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15,272,255
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15,085,073
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1.2
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Percent
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Consolidated
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56,679,755
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57,850,298
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-2.0
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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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855,643
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852,305
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0.4
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Percent
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PRELIMINARY
OPERATIONAL AND FINANCIAL RESULTS
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OCTOBER
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2008
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2007
|
Change
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On-Time
Performance 1
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81.4%
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80.4%
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1.0
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Point
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Completion
Factor 2
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99.7%
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99.6%
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0.1
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Point
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September
2008 year-over-year consolidated RASM change
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12.4
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Percent
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|||||
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September
2008 year-over-year mainline RASM change
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14.1
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Percent
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|||||
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October
2008 estimated year-over-year consolidated RASM change
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9.0
- 10.0
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Percent
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October
2008 estimated year-over-year mainline RASM change
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10.0
- 11.0
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Percent
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|||||
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October
2008 estimated average price per gallon of fuel, including fuel
taxes
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3.62
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Dollars
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Fourth
Quarter 2008 estimated average price per gallon of fuel, including fuel
taxes
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3.03
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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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