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Company Watch - Continental Airlines.

Aug 6, 2007

Continental Airlines reported an estimated 3%-4% increase in July consolidated RASM as it flew 9.06 billion system RPMs, up 3.6% from the year-ago month, against a 2.4% rise in ASMs to 10.48 billion. Load factor improved 1 point to 86.4%. Domestic RPMs climbed 4.5% to 4.25 billion, ASMs were up 3.7% to 4.83 billion and load rose 0.7 point to 88%. International traffic increased 6.3% to 3.93 billion RPMs, capacity was ahead 4.6% to 4.57 billion ASMs and load factor lifted 1.3 points to 86%. Aug 3, 2007

Airlines shares rebounded Thursday morning, taking wing on a strong July revenue report from Continental Airlines. Amex Airline index rose 2.4% to 47.28 points in the first hour of trading, with 10 out of the 11 stocks in the benchmark index trading higher. The Dow Jones Wilshire Airlines index, which includes more stocks, rose 3.2%. Continental Airlines said late Wednesday that its revenue passenger miles rose 3.6% in July to 9.06 billion, boosted by a 5.4% increase at its main carrier. Its load factor, a measure of how packed its planes were, rose 1 point to 86.4% across its airline brands and one point to 87% for its main carrier. Aug 2, 2007

Continental Airlines today made its final submission to the Department of Transportation for its application to provide the first daily nonstop service, and the only U.S. carrier service, between New York/Newark and Shanghai. Aug 2, 2007

ExpressJet Holdings will have its 2007 block-hour rates under its capacity purchase agreement with Continental Airlines reduced by $14.2 million, an arbitration panel decided. The dispute went to arbitration June 25. ExpressJet said the reduction "represents changing staffing levels and overhead expenses allocated to the CPA as well as expenses associated with ExpressJet's nonflying businesses." Aug 3, 2007

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Publication:Airguide Online
Date:Aug 6, 2007
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