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):
July 2, 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 July 2, 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
July 2, 2001
EXHIBIT INDEX
- Press Release
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 JUNE PERFORMANCE
HOUSTON, July 2, 2001 -- Continental Airlines (NYSE: CAL) today reported its second highest systemwide June load factor of 78.0 percent, 2.0 points below last year's record June load factor.
Continental's on-time arrival rate was 76.0 percent and its completion factor was 97.0 percent in June. Tropical Storm Allison caused systemwide disruptions at Continental after devastating flood waters paralyzed the city of Houston, the carrier's busiest hub airport.
In June 2001, Continental flew 5.9 billion revenue passenger miles (RPMs) and 7.6 billion available seat miles (ASMs), resulting in a traffic increase of 3.4 percent and a capacity increase of 6.0 percent versus June 2000. Domestic traffic was 3.6 billion RPMs, up 2.4 percent from June 2000, and domestic capacity was 4.7 billion ASMs, up 5.0 percent from last year.
The decline of Continental's load factor along with a decline in yield in June 2001 as compared to June 2000 resulted in a decrease in estimated systemwide passenger revenue per available seat mile (RASM) of between 10 and 12 percent.
Continental will continue to provide operational and RASM information in its monthly traffic release.
Continental Express, Continental's wholly owned regional subsidiary, reported a record load factor of 68.9 percent, 1.0 points above last June's record. Continental Express flew 318.7 million RPMs and 462.3 million ASMs in June, resulting in a traffic increase of 20.6 percent and a capacity increase of 18.8 percent versus June 2000.
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PRELIMINARY TRAFFIC RESULTS
|
JUNE |
2001 |
2000 |
Change |
||
|
REVENUE PASSENGER MILES (000) |
|||||
|
Domestic |
3,612,704 |
3,526,685 |
2.4 Percent |
||
|
International |
2,312,188 |
2,201,903 |
5.0 Percent |
||
|
Transatlantic |
1,115,065 |
1,134,399 |
(1.7) Percent |
||
|
Latin America |
670,772 |
651,702 |
2.9 Percent |
||
|
Pacific |
526,351 |
415,802 |
26.6 Percent |
||
|
Total Jet |
5,924,892 |
5,728,588 |
3.4 Percent |
||
|
Cont'l. Express |
318,742 |
264,309 |
20.6 Percent |
||
|
AVAILABLE SEAT MILES (000) |
|||||
|
Domestic |
4,672,982 |
4,450,646 |
5.0 Percent |
||
|
International |
2,921,098 |
2,710,956 |
7.8 Percent |
||
|
Transatlantic |
1,275,199 |
1,296,437 |
(1.6) Percent |
||
|
Latin America |
922,500 |
894,769 |
3.1 Percent |
||
|
Pacific |
723,399 |
519,750 |
39.2 Percent |
||
|
Total Jet |
7,594,080 |
7,161,602 |
6.0 Percent |
||
|
Cont'l. Express |
462,339 |
389,140 |
18.8 Percent |
||
|
PASSENGER LOAD FACTOR |
|||||
|
Domestic |
77.3 Percent |
79.2 Percent |
(1.9) Points |
||
|
International |
79.2 Percent |
81.2 Percent |
(2.0) Points |
||
|
Transatlantic |
87.4 Percent |
87.5 Percent |
(0.1) Points |
||
|
Latin America |
72.7 Percent |
72.8 Percent |
(0.1) Points |
||
|
Pacific |
72.8 Percent |
80.0 Percent |
(7.2) Points |
||
|
Total Jet |
78.0 Percent |
80.0 Percent |
(2.0) Points |
||
|
Cont'l. Express |
68.9 Percent |
67.9 Percent |
1.0 Points |
||
|
CARGO REVENUE TON MILES (000) |
|||||
|
Total |
78,574 |
90,002 |
(12.7) Percent |
||
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|
YEAR-TO-DATE |
2001 |
2000 |
Change |
||
|
REVENUE PASSENGER MILES (000) |
|||||
|
Domestic |
19,886,182 |
19,359,412 |
2.7 Percent |
||
|
International |
12,281,945 |
12,137,225 |
1.2 Percent |
||
|
Transatlantic |
5,414,417 |
5,724,339 |
(5.4) Percent |
||
|
Latin America |
4,076,749 |
3,995,116 |
2.0 Percent |
||
|
Pacific |
2,790,779 |
2,417,770 |
15.4 Percent |
||
|
Total Jet |
32,168,127 |
31,496,637 |
2.1 Percent |
||
|
Cont'l. Express |
1,665,244 |
1,363,050 |
22.2 Percent |
||
|
AVAILABLE SEAT MILES (000) |
|||||
|
Domestic |
27,475,519 |
26,127,800 |
5.2 Percent |
||
|
International |
16,796,085 |
16,204,717 |
3.6 Percent |
||
|
Transatlantic |
7,157,587 |
7,352,242 |
(2.6) Percent |
||
|
Latin America |
5,682,268 |
5,541,719 |
2.5 Percent |
||
|
Pacific |
3,956,230 |
3,310,756 |
19.5 Percent |
||
|
Total Jet |
44,271,604 |
42,332,517 |
4.6 Percent |
||
|
Cont'l. Express |
2,692,480 |
2,187,633 |
23.1 Percent |
||
|
PASSENGER LOAD FACTOR |
|||||
|
Domestic |
72.4 Percent |
74.1 Percent |
(1.7) Points |
||
|
International |
73.1 Percent |
74.9 Percent |
(1.8) Points |
||
|
Transatlantic |
75.6 Percent |
77.9 Percent |
(2.3) Points |
||
|
Latin America |
71.7 Percent |
72.1 Percent |
(0.4) Points |
||
|
Pacific |
70.5 Percent |
73.0 Percent |
(2.5) Points |
||
|
Total Jet |
72.7 Percent |
74.4 Percent |
(1.7) Points |
||
|
Cont'l. Express |
61.8 Percent |
62.3 Percent |
(0.5) Points |
||
|
CARGO REVENUE TON MILES (000) |
|||||
|
Total |
498,027 |
534,618 |
(6.8) Percent |
||
###
PRELIMINARY OPERATIONAL RESULTS
|
JUNE |
2001 |
2000 |
Change |
|
|
On-Time Performance |
76.0% |
73.1% |
2.9 Points |
|
|
Completion Factor |
97.0% |
97.3% |
(0.3) Points |
|
|
YEAR-TO-DATE |
2001 |
2000 |
Change |
|
|
On-Time Performance |
81.1% |
77.3% |
3.8 Points |
|
|
Completion Factor |
98.3% |
97.8% |
0.5 Points |
|
|
JUNE 2001 YEAR-OVER-YEAR |
|||
|
RASM Change |
(10%)-(12%) |
###