22-Jan-2010 3:15 PM
Continental Airlines revenue down 8.3%, remains in the red in 4Q2009
Continental Airlines revenue down 8.3% - financial/traffic highlights:
- Three months ended 31-Dec-2009:
- Operating revenue: USD3,182 million, -8.3% year-on-year;
- Operating cost: USD3,181 million, -9.0%;
- Fuel: USD809 million, -32.4%;
- Labour: USD779 million, +2.5%;
- Operating profit: USD1 million, compared to a loss of USD25 million in the previous corresponding period;
- Net profit: USD85 million, compared to a loss of USD269 million in the previous corresponding period;
- Passenger numbers: 15.3 million, +0.5%;
- Passenger load factor: 82.0%, +3.3 ppts;
- Passenger revenue per ASM: USD 10.68 cents, -9.0%;
- Mainline: USD 9.90 cents, -9.9%;
- Total revenue per ASM:
- Mainline: USD 11.44 cents, -8.6%;
- Average yield per RPM: USD 13.02 cents, -12.6%;
- Mainline: USD 11.98 cents, -13.6%;
- Average fare per revenue passenger:
- Mainline: USD212.04, -10.5%;
- Cost per ASM:
- Mainline: USD 11.22 cents, -8.6%;
- 12 months ended 31-Dec-2009:
- Operating revenue: USD12,586 million, -17.4%;
- Operating cost: USD12,732 million, -18.1%;
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- Fuel: USD3,317 million, -44.0%;
- Labour: USD3,137 million, +6.1%;
- Operating profit (loss): (USD146 million), compared to a loss of USD314 million in the previous corresponding period;
- Net profit (loss): (USD282 million), compared to a loss of USD586 million in the previous corresponding period;
- Passenger numbers: 62.8 million, -5.8%;
- Passenger load factor: 81.4%, +1.2 ppt;
- Passenger revenue per ASM: USD 10.17 cents, -14.5%;
- Mainline: USD 9.49 cents, -14.5%;
- Total revenue per ASM:
- Mainline: USD 10.92 cents, -12.7%;
- Average yield per RPM: USD 12.50 cents, -15.7%;
- Mainline: USD 11.58 cents, -15.8%;
- Average fare per revenue passenger:
- Mainline: USD204.89, -13.3%;
- Cost per ASM:
- Mainline: USD 10.75 cents, -13.6%. [more]
Continental: "While we are seeing some business traffic increasing, we likely have a long and slow road to recovery. We remain focused on achieving and maintaining profitability," Jeff Smisek, Chairman, President & CEO. Source: Continental Airlines, 21-Jan-2010.