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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):

February 1, 2002

 

 

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 February 1, 2002, Continental Airlines, Inc. issued a press release announcing January traffic results. The press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

Item 7. Financial Statements and Exhibits.

    1. Exhibits

      1. 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

February 1, 2002

EXHIBIT INDEX

 

    1. Press Release

 

 

 

 
News Release

EXHIBIT 99.1

News Release

Contact: Corporate Communications

Houston: 713.324.5080

Email: corpcomm@coair.com

News archive: continental.com/news/ Address: P.O. Box 4607, Houston, TX 77210-4607

CONTINENTAL AIRLINES REPORTS

RECORD JANUARY 2002 OPERATIONAL PERFORMANCE

 

HOUSTON, Feb. 1, 2002 - Continental Airlines (NYSE: CAL) today reported a record systemwide January load factor of 70.1 percent, 3.0 points above last year's load factor. Continental reported a domestic load factor of 68.1 percent and a record international January load factor of 73.4 percent.

For January 2002, Continental reported a record January on-time arrival rate of 83.8 percent and a record January completion factor of 99.8 percent. Continental also had a company record with nine 100 percent completion days in January.

In January 2002, Continental flew 4.4 billion revenue passenger miles (RPMs) systemwide and 6.3 billion available seat miles (ASMs), resulting in a traffic decrease of 9.5 percent and a capacity decrease of 13.3 percent versus January 2001. Domestic traffic was 2.7 billion RPMs, down 11.1 percent from January 2001, and domestic capacity was 3.9 billion ASMs, down 14.2 percent from last year.

Lower year-over-year yields mitigated somewhat by higher load factors resulted in a decrease in estimated systemwide passenger revenue per available seat mile (RASM) of between 14 and 16 percent for January 2002, as compared to January 2001. For December 2001, RASM declined 14.3 percent as compared to December 2000.

Continental Express, a wholly owned subsidiary of Continental Airlines, reported a load factor of 54.3 percent for January 2002, 2.4 points above last year's January load factor. Continental Express flew 261.1 million RPMs and 480.8 million ASMs in January 2002, resulting in a traffic increase of 14.1 percent and a capacity increase of 9.1 percent versus January 2001.

JANUARY 2002 PERFORMANCE/PAGE 2

PRELIMINARY TRAFFIC RESULTS

JANUARY

  

2002

2001

Change

REVENUE PASSENGER MILES (000)

    
 

Domestic

2,679,402

3,013,658

(11.1) Percent
         
 

International

1,752,012

1,884,780

(7.0) Percent
 

Transatlantic

660,910

744,035

(11.2) Percent
 

Latin America

684,536

729,482

(6.2) Percent
 

Pacific

406,567

411,263

(1.1) Percent
         
 

Total Jet

4,431,415

4,898,438

(9.5) Percent
         
 

Cont'l. Express

261,117

228,885

14.1  Percent
         

AVAILABLE SEAT MILES (000)

    
 

Domestic

3,936,652

4,587,662

(14.2) Percent
         
 

International

2,388,356

2,707,225

(11.8) Percent
 

Transatlantic

943,590

1,159,737

(18.6) Percent
 

Latin America

895,375

984,478

(9.1) Percent
 

Pacific

549,392

563,010

(2.4) Percent
         
 

Total Jet

6,325,008

7,294,887

(13.3) Percent
         
 

Cont'l. Express

480,845

440,641

9.1  Percent
         

PASSENGER LOAD FACTOR

    
 

Domestic

68.1 Percent

65.7 Percent

2.4  Points
         
 

International

73.4 Percent

69.6 Percent

3.8  Points
 

Transatlantic

70.0 Percent

64.2 Percent

5.8 Points
 

Latin America

76.5 Percent

74.1 Percent

2.4  Points
 

Pacific

74.0 Percent

73.0 Percent

1.0  Points
         
 

Total Jet

70.1 Percent

67.1 Percent

3.0  Points
         
 

Cont'l. Express

54.3 Percent

51.9 Percent

2.4  Points
         

CARGO REVENUE TON MILES (000)

    
 

Total

60,867

80,363

(24.3) Percent

-more-

JANUARY 2002 PERFORMANCE/PAGE 3

PRELIMINARY OPERATIONAL RESULTS

JANUARY

  

2002

2001

Change

On-Time Performance*

83.8%

80.6%

3.2  Points
         

Completion Factor**

99.8%

99.1%

0.7  Points
       
         
         
         

PRELIMINARY RASM CHANGE AND FUEL PRICE
         

January 2002 estimated year-over-year RASM Change

(14-16) Percent
         

January 2002 estimated average price per gallon of fuel,

                           excluding fuel taxes

59 Cents
         

* Department of Transportation Arrivals within 14 minutes

** System Mileage Completion Percentage

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