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):
November 16, 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 November 16, 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/ Chris Kenny
Chris Kenny
Staff Vice President and
Controller
November 16, 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 OPERATIONAL
PERFORMANCE FOR THE FIRST 15 DAYS OF NOVEMBER
HOUSTON, Nov. 16, 2001 - For the first 15 days of November 2001, Continental Airlines (NYSE: CAL) today reported a 70.0 percent domestic and 65.5 percent international load factor for a systemwide load factor of 68.4 percent. The systemwide load factor is 1.8 points below the 70.2 percent load factor reported for the comparable period in 2000.
Continental's on-time arrival rate was 90.1 percent, and its completion factor was 99.4 percent for the first 15 days of November.
During the first 15 days of November 2001, Continental flew 2.1 billion revenue passenger miles (RPMs) and 3.0 billion available seat miles (ASMs), resulting in a traffic decrease of 18.0 percent and a capacity decrease of 15.8 percent versus the corresponding
period in November 2000. Domestic traffic was 1.4 billion RPMs, down 13.6 percent from the comparable November 2000 period, and domestic capacity was 1.9 billion ASMs, down 13.4 percent from the same period last year.
A decrease in systemwide load factor and low yields resulted in a decrease in estimated systemwide passenger revenue per available seat mile (RASM) of between 21 and 23 percent for the first 15 days of November 2001, as compared to the first 15 days of November 2000. October 2001 systemwide RASM declined 23 percent, compared to October 2000.
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MID-MONTH NOVEMBER 2001 PERFORMANCE/PAGE 2
Continental Express, a wholly owned subsidiary of Continental Airlines, reported a load factor of 60.4 percent for the first 15 days of November, 1.8 points above the comparable period last year. Continental Express flew 137.1 million RPMs and 227.0 million ASMs the first 15 days of November, resulting in a traffic increase of 7.2 percent and a capacity increase of 3.9 percent versus the same period in November 2000.
Thanksgiving Travel
Bookings for Thanksgiving travel remain strong and load factors on peak days are anticipated to be similar to last year.
Weekly Statistics
The following table summarizes Continental's year-over-year load factor difference for the last four weeks on a same day-of-week basis.
PRELIMINARY YEAR-OVER-YEAR LOAD FACTOR DIFFERENCE
|
Oct. 15-21 |
Oct. 22-28 |
Oct. 29-Nov. 4 |
Nov. 5-12 |
|
|
PASSENGER LOAD FACTOR |
||||
|
Domestic |
1.4 Points |
2.8 Points |
0.5 Points |
(0.5) Points |
|
International |
(13.1) Points |
(11.9) Points |
(9.4) Points |
(4.7) Points |
|
Total Jet |
(4.2) Points |
(2.9) Points |
(3.2) Points |
(2.0) Points |
|
Cont'l. Express |
1.9 Points |
4.1 Points |
1.3 Points |
2.2 Points |
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MID-MONTH NOVEMBER 2001 PERFORMANCE/PAGE 3
PRELIMINARY TRAFFIC RESULTS
|
NOVEMBER 1-15, 2001 |
2001 |
2000 |
Change |
|
|
REVENUE PASSENGER MILES (000) |
||||
|
Domestic |
1,357,045 |
1,571,448 |
(13.6) Percent |
|
|
International |
701,122 |
937,755 |
(25.2) Percent |
|
|
Transatlantic |
328,973 |
450,750 |
(27.0) Percent |
|
|
Latin America |
242,421 |
297,999 |
(18.7) Percent |
|
|
Pacific |
129,728 |
189,005 |
(31.4) Percent |
|
|
Total Jet |
2,058,168 |
2,509,203 |
(18.0) Percent |
|
|
Cont'l. Express |
137,102 |
127,889 |
7.2 Percent |
|
|
AVAILABLE SEAT MILES (000) |
||||
|
Domestic |
1,938,022 |
2,238,265 |
(13.4) Percent |
|
|
International |
1,069,641 |
1,334,461 |
(19.8) Percent |
|
|
Transatlantic |
473,409 |
624,808 |
(24.2) Percent |
|
|
Latin America |
362,626 |
442,679 |
(18.1) Percent |
|
|
Pacific |
233,606 |
266,974 |
(12.5) Percent |
|
|
Total Jet |
3,007,663 |
3,572,726 |
(15.8) Percent |
|
|
Cont'l. Express |
226,951 |
218,364 |
3.9 Percent |
|
|
PASSENGER LOAD FACTOR |
||||
|
Domestic |
70.0 Percent |
70.2 Percent |
(0.2) Points |
|
|
International |
65.5 Percent |
70.3 Percent |
(4.8) Points |
|
|
Transatlantic |
69.5 Percent |
72.1 Percent |
(2.6) Points |
|
|
Latin America |
66.9 Percent |
67.3 Percent |
(0.4) Points |
|
|
Pacific |
55.5 Percent |
70.8 Percent |
(15.3) Points |
|
|
Total Jet |
68.4 Percent |
70.2 Percent |
(1.8) Points |
|
|
Cont'l. Express |
60.4 Percent |
58.6 Percent |
1.8 Points |
|
|
CARGO REVENUE TON MILES (000) |
||||
Total |
33,914 |
43,132 |
(21.4) Percent |
|
MID-MONTH NOVEMBER 2001 PERFORMANCE/PAGE 4
PRELIMINARY OPERATIONAL RESULTS
|
NOVEMBER 1-15, 2001 |
2001 |
2000 |
Change |
|
|
On-Time Performance* |
90.1% |
79.5% |
10.6 Points |
|
|
Completion Factor** |
99.4% |
99.5% |
(0.1) Points |
|
|
PRELIMINARY RASM CHANGE |
||||
|
NOVEMBER 1-15, 2001 estimated year-over-year RASM Change |
(21-23) Percent |
|||
* Department of Transportation arrivals within 14 minutes
** System Mileage Completion percentage
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