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):
March 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 March 1, 2002, Continental Airlines, Inc. issued a press release announcing its February operational performance. The press release is filed herewith as Exhibit 99.1 and is 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 and General Counsel
March 1, 2002
EXHIBIT INDEX
- Press Release
EXHIBIT 99.1
News Release
Contact:
Corporate CommunicationsHouston: 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 FEBRUARY 2002 OPERATIONAL PERFORMANCE
Carrier breaks company record with 14 days of zero cancellations
HOUSTON, March 1, 2002 - Continental Airlines (NYSE: CAL) today reported a record systemwide February load factor of 72.1 percent, 3.6 points above last year's load factor. Continental reported a record domestic February load factor of 71.2 percent and a record international February load factor of 73.5 percent.
Continental reported a record February on-time arrival rate of 87.0 percent and an all-time company record completion factor of 99.9 percent for February 2002. Continental also broke another company record with fourteen 100 percent completion days in February. Its previous record was set in January 2002 with nine 100 percent completion days.
In February 2002, Continental flew 4.2 billion revenue passenger miles (RPMs) systemwide and 5.9 billion available seat miles (ASMs), resulting in a traffic decrease of 6.7 percent and a capacity decrease of 11.3 percent versus February 2001. Domestic traffic was 2.6 billion RPMs, down 8.1 percent from February 2001, and domestic capacity was 3.7 billion ASMs, down 11.3 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 10 and 12 percent for February 2002, as compared to February 2001. For January 2002, RASM declined 14.0 percent as compared to January 2001.
Continental Express, a wholly owned subsidiary of Continental Airlines, reported a record February load factor of 58.3 percent for February 2002, 2.1 points above last
year's February load factor. Continental Express flew 258.1 million RPMs and 442.7 million ASMs in February 2002, resulting in a traffic increase of 13.8 percent and a capacity increase of 9.6 percent versus February 2001.
FEBRUARY 2002 PERFORMANCE/PAGE 2
PRELIMINARY TRAFFIC RESULTS
|
FEBRUARY |
2002 |
2001 |
Change |
||
|
REVENUE PASSENGER MILES (000) |
|||||
|
Domestic |
2,631,164 |
2,863,509 |
(8.1) Percent |
||
|
International |
1,611,294 |
1,686,043 |
(4.4) Percent |
||
|
Transatlantic |
610,709 |
664,064 |
(8.0) Percent |
||
|
Latin America |
616,585 |
632,631 |
(2.5) Percent |
||
|
Pacific |
384,000 |
389,348 |
(1.4) Percent |
||
|
Total Jet |
4,242,458 |
4,549,552 |
(6.7) Percent |
||
|
Cont'l. Express |
258,089 |
226,875 |
13.8 Percent |
||
|
AVAILABLE SEAT MILES (000) |
|||||
|
Domestic |
3,693,899 |
4,166,318 |
(11.3) Percent |
||
|
International |
2,193,040 |
2,473,023 |
(11.3) Percent |
||
|
Transatlantic |
863,672 |
1,046,201 |
(17.4) Percent |
||
|
Latin America |
820,614 |
897,730 |
(8.6) Percent |
||
|
Pacific |
508,754 |
529,092 |
(3.8) Percent |
||
|
Total Jet |
5,886,939 |
6,639,341 |
(11.3) Percent |
||
|
Cont'l. Express |
442,691 |
403,981 |
9.6 Percent |
||
|
PASSENGER LOAD FACTOR |
|||||
|
Domestic |
71.2 Percent |
68.7 Percent |
2.5 Points |
||
|
International |
73.5 Percent |
68.2 Percent |
5.3 Points |
||
|
Transatlantic |
70.7 Percent |
63.5 Percent |
7.2 Points |
||
|
Latin America |
75.1 Percent |
70.5 Percent |
4.6 Points |
||
|
Pacific |
75.5 Percent |
73.6 Percent |
1.9 Points |
||
|
Total Jet |
72.1 Percent |
68.5 Percent |
3.6 Points |
||
|
Cont'l. Express |
58.3 Percent |
56.2 Percent |
2.1 Points |
||
|
CARGO REVENUE TON MILES (000) |
|||||
Total |
66,913 |
80,631 |
(17.0) Percent |
||
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FEBRUARY 2002 PERFORMANCE/PAGE 3
|
YEAR-TO-DATE |
2002 |
2001 |
Change |
||
|
REVENUE PASSENGER MILES (000) |
|||||
|
Domestic |
5,310,598 |
5,877,167 |
(9.6) Percent |
||
|
International |
3,363,356 |
3,570,823 |
(5.8) Percent |
||
|
Transatlantic |
1,271,597 |
1,408,099 |
(9.7) Percent |
||
|
Latin America |
1,301,120 |
1,362,113 |
(4.5) Percent |
||
|
Pacific |
790,639 |
800,611 |
(1.2) Percent |
||
|
Total Jet |
8,673,954 |
9,447,990 |
(8.2) Percent |
||
|
Cont'l. Express |
519,204 |
455,760 |
13.9 Percent |
||
|
AVAILABLE SEAT MILES (000) |
|||||
|
Domestic |
7,630,548 |
8,753,980 |
(12.8) Percent |
||
|
International |
4,581,297 |
5,180,248 |
(11.6) Percent |
||
|
Transatlantic |
1,807,162 |
2,205,939 |
(18.1) Percent |
||
|
Latin America |
1,715,989 |
1,882,207 |
(8.8) Percent |
||
|
Pacific |
1,058,146 |
1,092,102 |
(3.1) Percent |
||
|
Total Jet |
12,211,845 |
13,934,228 |
(12.4) Percent |
||
|
Cont'l. Express |
923,533 |
844,622 |
9.3 Percent |
||
|
PASSENGER LOAD FACTOR |
|||||
|
Domestic |
69.6 Percent |
67.1 Percent |
2.5 Points |
||
|
International |
73.4 Percent |
68.9 Percent |
4.5 Points |
||
|
Transatlantic |
70.4 Percent |
63.8 Percent |
6.6 Points |
||
|
Latin America |
75.8 Percent |
72.4 Percent |
3.4 Points |
||
|
Pacific |
74.7 Percent |
73.3 Percent |
1.4 Points |
||
|
Total Jet |
71.0 Percent |
67.8 Percent |
3.2 Points |
||
|
Cont'l. Express |
56.2 Percent |
54.0 Percent |
2.2 Points |
||
|
CARGO REVENUE TON MILES (000) |
|||||
Total |
127,879 |
160,994 |
(20.6) Percent |
||
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FEBRUARY 2002 PERFORMANCE/PAGE 4
PRELIMINARY OPERATIONAL RESULTS
|
FEBRUARY |
2002 |
2001 |
Change |
|||
|
On-Time Performance* |
87.0% |
80.1% |
6.9 Points |
|||
|
Completion Factor** |
99.9% |
99.0% |
0.9 Points |
|||
|
YEAR-TO-DATE |
2002 |
2001 |
Change |
|||
|
On-Time Performance* |
85.3% |
80.4% |
4.9 Points |
|||
|
Completion Factor** |
99.8% |
99.0% |
0.8 Points |
|||
|
PRELIMINARY RASM CHANGE AND FUEL PRICE |
||||||
|
February 2002 estimated year-over-year RASM Change |
(10-12) Percent |
|||||
|
February 2002 estimated average price per gallon of fuel,excluding fuel taxes |
58 Cents |
|||||
* Department of Transportation Arrivals within 14 minutes
** System Mileage Completion Percentage
###