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 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 November 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
November 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
OPERATIONAL PERFORMANCE FOR OCTOBER
HOUSTON, Nov. 1, 2001 - Continental Airlines (NYSE: CAL) today reported a 72.1 percent domestic and 56.5 percent international load factor for a systemwide load factor of 66.1 percent in October 2001. The systemwide load factor is 4.7 points above the load factor reported for September 2001 and 4.9 points below the 71.0 percent load factor reported for October 2000. The domestic load factor is 1.0 points higher than the results for October 2000, on 18.4 percent less capacity.
Continental's on-time arrival rate was a record 88.7 percent, 0.2 points above its previous record in September 1995. Its October 2001 completion factor of 99.6 percent tied the record set in November 2000.
In October 2001, Continental systemwide flew 4.0 billion revenue passenger miles (RPMs) and 6.1 billion available seat miles (ASMs), resulting in a traffic decrease of 22.8 percent and a capacity decrease of 17.1 percent versus October 2000. Domestic traffic was 2.7 billion RPMs, down 17.2 percent from October 2000, and domestic capacity was 3.8 billion ASMs, down 18.4 percent from last year.
A decrease in systemwide load factor and yield resulted in a decrease in estimated passenger revenue per available seat mile (RASM) of between 23 and 25 percent for October 2001, as compared to October 2000. For the first two weeks of October, RASM decreased 24 to 26 percent versus the same period in October 2000. For the remainder of October, RASM decreased 22 to 24 percent versus the same period in October 2000.
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OCTOBER 2001 PERFORMANCE/PAGE 2
Continental Express, a wholly owned subsidiary of Continental Airlines, reported a load factor of 62.7 percent for October, 1.7 points above last year. Continental Express flew 286.6 million RPMs and 457.2 million ASMs in October, resulting in a traffic increase of 4.6 percent and a capacity increase of 1.9 percent versus October 2000.
Weekly Statistics
The following table summarizes Continental's year-over-year load factor difference for the complete weeks of October 2001 on a same day-of-week basis.
PRELIMINARY YEAR-OVER-YEAR LOAD FACTOR DIFFERENCE
|
Oct. 1-7 |
Oct. 8-14 |
Oct. 15-21 |
Oct. 22-28 |
|
|
Domestic |
0.9 Points |
0.7 Points |
1.4 Points |
2.7 Points |
|
International |
(17.2) Points |
(15.4) Points |
(13.0) Points |
(11.8) Points |
|
Total Jet |
(6.0) Points |
(5.5) Points |
(4.2) Points |
(2.9) Points |
|
Cont'l. Express |
1.2 Points |
1.8 Points |
1.9 Points |
4.1 Points |
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OCTOBER 2001 PERFORMANCE/PAGE 3
PRELIMINARY TRAFFIC RESULTS
|
OCTOBER |
2001 |
2000 |
Change |
||
|
REVENUE PASSENGER MILES (000) |
|||||
|
Domestic |
2,715,641 |
3,281,590 |
(17.2) Percent |
||
|
International |
1,315,076 |
1,938,601 |
(32.2) Percent |
||
|
Transatlantic |
642,116 |
995,823 |
(35.5) Percent |
||
|
Latin America |
429,192 |
567,644 |
(24.4) Percent |
||
|
Pacific |
243,768 |
375,134 |
(35.0) Percent |
||
|
Total Jet |
4,030,717 |
5,220,191 |
(22.8) Percent |
||
|
Cont'l. Express |
286,615 |
273,922 |
4.6 Percent |
||
|
AVAILABLE SEAT MILES (000) |
|||||
|
Domestic |
3,764,721 |
4,615,504 |
(18.4) Percent |
||
|
International |
2,328,752 |
2,734,843 |
(14.8) Percent |
||
|
Transatlantic |
1,065,443 |
1,313,471 |
(18.9) Percent |
||
|
Latin America |
743,757 |
887,496 |
(16.2) Percent |
||
|
Pacific |
519,552 |
533,876 |
(2.7) Percent |
||
|
Total Jet |
6,093,473 |
7,350,347 |
(17.1) Percent |
||
|
Cont'l. Express |
457,236 |
448,772 |
1.9 Percent |
||
|
PASSENGER LOAD FACTOR |
|||||
|
Domestic |
72.1 Percent |
71.1 Percent |
1.0 Points |
||
|
International |
56.5 Percent |
70.9 Percent |
(14.4) Points |
||
|
Transatlantic |
60.3 Percent |
75.8 Percent |
(15.5) Points |
||
|
Latin America |
57.7 Percent |
64.0 Percent |
(6.3) Points |
||
|
Pacific |
46.9 Percent |
70.3 Percent |
(23.4) Points |
||
|
Total Jet |
66.1 Percent |
71.0 Percent |
(4.9) Points |
||
|
Cont'l. Express |
62.7 Percent |
61.0 Percent |
1.7 Points |
||
|
CARGO REVENUE TON MILES (000) |
|||||
Total |
71,559 |
100,508 |
(28.8) Percent |
||
SEPTEMBER 2001 PERFORMANCE/PAGE 4
|
YEAR-TO-DATE |
2001 |
2000 |
Change |
|
|
REVENUE PASSENGER MILES (000) |
||||
|
Domestic |
32,438,154 |
32,995,514 |
(1.7) Percent |
|
|
International |
19,965,563 |
21,047,135 |
(5.1) Percent |
|
|
Transatlantic |
8,932,333 |
10,277,499 |
(13.1) Percent |
|
|
Latin America |
6,520,685 |
6,641,841 |
(1.8) Percent |
|
|
Pacific |
4,512,545 |
4,127,795 |
9.3 Percent |
|
|
Total Jet |
52,403,717 |
54,042,649 |
(3.0) Percent |
|
|
Cont'l. Express |
2,826,657 |
2,431,049 |
16.3 Percent |
|
|
AVAILABLE SEAT MILES (000) |
||||
|
Domestic |
44,738,976 |
44,519,043 |
0.5 Percent |
|
|
International |
27,619,207 |
27,521,109 |
0.4 Percent |
|
|
Transatlantic |
11,957,024 |
12,807,374 |
(6.6) Percent |
|
|
Latin America |
9,082,787 |
9,189,449 |
(1.2) Percent |
|
|
Pacific |
6,579,396 |
5,524,286 |
19.1 Percent |
|
|
Total Jet |
72,358,183 |
72,040,152 |
0.4 Percent |
|
|
Cont'l. Express |
4,540,219 |
3,899,803 |
16.4 Percent |
|
|
PASSENGER LOAD FACTOR |
||||
|
Domestic |
72.5 Percent |
74.1 Percent |
(1.6) Points |
|
|
|
||||
|
International |
72.3 Percent |
76.5 Percent |
(4.2) Points |
|
|
Transatlantic |
74.7 Percent |
80.2 Percent |
(5.5) Points |
|
|
Latin America |
71.8 Percent |
72.3 Percent |
(0.5) Points |
|
|
Pacific |
68.6 Percent |
74.7 Percent |
(6.1) Points |
|
|
Total Jet |
72.4 Percent |
75.0 Percent |
(2.6) Points |
|
|
Cont'l. Express |
62.3 Percent |
62.3 Percent |
- Points |
|
|
CARGO REVENUE TON MILES (000) |
||||
Total |
786,384 |
911,176 |
(13.7) Percent |
|
OCTOBER 2001 PERFORMANCE/PAGE 5
PRELIMINARY OPERATIONAL RESULTS
|
OCTOBER |
2001 |
2000 |
Change |
||
|
On-Time Performance* |
88.7% |
82.2% |
6.5 Points |
||
|
Completion Factor** |
99.6% |
99.5% |
0.1 Points |
||
|
PRELIMINARY RASM CHANGE AND FUEL PRICE |
|||||
|
OCTOBER 2001 estimated year-over-year RASM Change |
(23-25) Percent |
||||
|
OCTOBER 2001 estimated average price per gallonof fuel, excluding fuel taxes |
71 cents |
||||
* Department of Transportation Arrivals within 14 minutes
** System Mileage Completion percentage
###