23-Sep-2010 12:32 PM
Continental forecasts CASM of USD 12.05 cents in 3Q2010
Continental Airlines stated (22-Sep-2010) it expects to end the Sep-2010 quarter with between USD4.1 billion and USD4.2 billion in unrestricted cash, cash equivalent and short-term investment. The carrier expects cargo, mail and other revenue to reach USD390 million. Continental also provided the following guidance:
- 3Q2010 forecast:
- Capacity (ASMs): +0.6% year-on-year;
- Mainline: +0.6%;
- Domestic: -1.3%;
- Latin America: +0.4%;
- Trans-Atlantic: +3.8%;
- Asia Pacific: +0.8%;
- Mainline: +0.6%;
- Load factor: 85% to 86%;
- Mainline: 86% to 87%;
- Domestic: 86% to 87%;
- Latin America: 83% to 84%;
- Trans-Atlantic: 87% to 88%;
- Asia Pacific: 85% to 86%;
- Mainline: 86% to 87%;
- Cost per ASM: USD 12.00 cents to USD 12.05 cents;
- Mainline: USD 11.19 cents to USD 11.24 cents;
- Cost per ASM excl fuel and special items: USD 8.60 cents to USD 8.65 cents;
- Mainline: USD 8.02 cents to USD 8.07 cents;
- Capacity (ASMs): +0.6% year-on-year;
- FY2010 forecast:
- Capacity (ASMs): +0.8%;
- Mainline: +0.9%;
- Domestic: -0.9%;
- Latin America: +5.0%;
- Trans-Atlantic: +0.3%;
- Asia Pacific: +5.0%;
- Mainline: +0.9%;
- Load factor: 83% to 84%;
- Mainline: 83% to 84%;
- Domestic: 84% to 85%;
- Latin America: 81% to 82%;
- Trans-Atlantic: 83% to 84%;
- Asia Pacific: 82% to 83%;
- Mainline: 83% to 84%;
- Cost per ASM: USD 12.17 cents to USD 12.22 cents;
- Mainline: USD 11.33 cents to USD 11.38 cents;
- Cost per ASM excl fuel and special items: USD 8.76 cents to USD 8.81 cents;
- Mainline: USD 8.13 cents to USD 8.18 cents. [more - SEC Filing]
- Capacity (ASMs): +0.8%;