Company Watch - Continental Airlines.For more company news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Jul 10, 2006 Continental says customers want in-flight Internet access See how to access the Internet. . Continental Airlines' customers want in-flight Internet service, the company's chief executive said. Continental is waiting for the technology to develop and for the cost of offering the service to come down, Larry Kellner Lawrence W. "Larry" Kellner (born 1959) has been CEO of Continental Airlines since December 2004, when former CEO Gordon Bethune retired. He previously served as a vice president, chief financial officer and chief operations officer for the airline[1]. said. Jul 5, 2006 Continental Airlines Raises $156 Million From Sale of Copa Stock. Continental Airlines Inc. said Wednesday that it raised $156 million by selling shares in the parent of Panama's Copa Airlines and contributed nearly half the proceeds to its pension plans. Continental said it sold 7.5 million of its 11.9 million shares of Copa Holdings S.A. U.S.-traded shares of Copa Holdings SA fell 11 cents to close at $23.09, while Continental shares rose 66 cents, or 2.2 percent, to $30.16 Wednesday on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Jul 5, 2006 Continental Airlines flew almost 85 percent full in June, roughly two points better than at the same time last year. Houston-based Continental said its systemwide, mainline mainline Drug slang verb To inject a drug and international load factors, all in the same range, were all records. Traffic grew 13.7 percent on capacity that grew 10.6 percent, so the load factor improved by 2.3 percentage points from a year ago. June traffic at a glance: Revenue passenger miles Revenue passenger miles (RPMs) is a measure of a passenger traffic for an airline flight, bus, or train calculated by multiplying the total number of revenue-paying passengers aboard the vehicle by the distance traveled measured in miles. : 8.22 billion. Year before: 7.23 billion. Available seat miles Available seat miles (ASM) is a measure of an airline flight's passenger carrying capacity. It is equal to the number of seats available multiplied by the number of miles flown. This measures an airlines capacity for transporting passengers. : 9.73 billion. Year before: 8.80 billion. Load factor: 84.5 percent. Year before: 82.2 percent. Continental flew 653.3 million revenue passenger miles on its Continental Micronesia Continental Micronesia is a wholly owned subsidiary airline of Continental Airlines. It operates daily flights to Honolulu, Hawaii, as well as international services to Asia, Micronesia and Australia from its base of operations at Antonio B. network, reflecting 7.4 percent more traffic on 6.8 percent more capacity. Micronesia load factor rose half a point to 81.6 percent. Continental serves Hawaii directly from Newark, Houston, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and Guam. Jul 5, 2006 Continental Airlines Reports June 2006 Operational Performance. Continental Airlines today reported a June consolidated (mainline plus regional) load factor of 84.5 percent, 2.3 points above last year's June consolidated load factor, and a mainline load factor of 84.8 percent, 1.9 points above the June 2005 mainline load factor. The carrier reported a domestic mainline load factor of 86.7 percent, 2.0 points above June 2005, and an international mainline load factor of 82.7 percent, 1.9 points above June 2005. All four were records for June. The carrier also reported a record daily load factor of 94.0 percent on June 30, 2006, for Continental operations (which excludes regional and Continental Micronesia). Jul 3, 2006 |
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