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During the month, Continental recorded a U.S. Department of Transportation (DOT) on-time arrival rate of 75.1 percent and a mainline segment completion factor of 99.8 percent.
In October 2009, Continental flew7.3 billion consolidated revenue passenger miles (RPMs) and 8.8 billion consolidated available seat miles (ASMs), resulting in a consolidated traffic increase of 1.7 percent and a capacity decrease of 2.6 percent as compared to October 2008. In October 2009, Continental flew 6.5 billion mainline RPMs and 7.8 billion mainline ASMs, resulting in a mainline traffic increase of 1.9 percent and a mainline capacity decrease of 2.4 percent as compared to October 2008. Domestic mainline traffic was 3.4 billion RPMs in October 2009, up 2.3 percent from October 2008, and domestic mainline capacity was 4.0 billion ASMs, down 0.6 percent from October 2008.
For October 2009, consolidated passenger revenue per available seat mile (RASM) is estimated to have decreased between 14.0 and 15.0 percent compared to October 2008, while mainline RASM is estimated to have decreased between 15.0 and 16.0 percent. For September 2009, consolidated passenger RASM decreased 19.2 percent compared to September 2008, while mainline passenger RASM decreased 21.1 percent compared to September 2008.
Continental's regional operations had a record October load factor of78.2 percent, 3.3 points above the October 2008 regional load factor. Regional RPMs were 782.0 million, and regional ASMs were 999.9 million in October 2009, resulting in a traffic decrease of 0.4 percent and a capacity decrease of4.6 percent versus October 2008.
This press release contains forward-looking statements that are not limited to historical facts, but reflect the company's current beliefs, expectations or intentions regarding future events. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. For examples of such risks and uncertainties, please see the risk factors set forth in the company's 2008 Form 10-K and its other securities filings, including any amendments thereto, which identify important matters such as the significant volatility in the cost of aircraft fuel, its transition to a new global alliance, the consequences of its high leverage and other significant capital commitments, its high labor and pension costs, delays in scheduled aircraft deliveries, service interruptions at one of its hub airports, disruptions to the operations of its regional operators, disruptions in its computer systems, and industry conditions, including the recession in the U.S. and global economies, the airline pricing environment, terrorist attacks, regulatory matters, excessive taxation, industry consolidation, the availability and cost of insurance, public health threats and the seasonal nature of the airline business. The company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this press release, except as required by applicable law.
Notes to editors:
Continental Airlines (continental.com), celebrating its 75th anniversary this year, is the world's fifth largest airline. Continental, together with Continental Express and Continental Connection, has more than 2,400 daily departures throughout the Americas, Europe and Asia, serving 130 domestic and 132 international destinations. Continental is a member of Star Alliance, which provides access to more than 900 additional points in 169 countries via 24 other member airlines. Across the Atlantic, Continental operates up to 312 departures weekly from 29 airports in 16 countries to its U.S.gateway hubs at New York, Houstonand Cleveland, with onward connections to more than 200 cities throughout North America, Latin America and the Caribbean. Fortune magazine ranked Continental as the top airline in its World's Most Admired Companies 2009, for the sixth consecutive year. At the OAG Airline of the Year Awards 2008, based on voting by frequent flyers around the world, Continental won the Best Airline Based in North Americaaward, for the fifth year in a row. Continental's alliance carriers in Europe, the Middle East and Indiainclude, in addition to Star Alliance carriers, Emirates, Kingfisher Airlines and Virgin Atlantic Airways.
Issued by Trimedia on behalf of Continental Airlines on 3 November 2009.
CONTACT: George Morrison / Susan Hutchinson, Trimedia UK Tel: +44 (0)20 7025 7500 e-mail: george.morrison@trimediauk.com e-mail: susan.hutchinson@trimediauk.com Ruth Law, Consultant, Trimedia UK Tel: +44 (0)20 7025 7500 Tel: +44 (0)20 7025 7549 Tel: +44 (0)7595 963 321 e-mail: Ruth.Law@trimediauk.com e-mail: ruth.law@trimediauk.com WWW: http://www.trimediauk.com
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