Continental Airlines’ 20% yield reduction in May screams; “What economic recovery”?

Continental Airlines' average yields across its entire network plunged by one fifth last month, as the airline slashed its fares in a desperate bid to maintain load factors amid intensifying competition and weak demand. Continental Airlines estimates consolidated (mainline plus regional) passenger revenue per available seat mile (RASM) decreased between 19.5% and 20.5% year-on-year, while mainline passenger RASM decreased between 19.0% and 20.0%.