Continental Airlines’ June yields remain very depressed, though load factors and cash levels improve

Continental Airlines' 2Q2009 financial results are unlikely to make for pleasant reading. For Jun-2009, consolidated and mainline passenger revenue per available seat mile (RASM) are both estimated to have decreased between 19.5 and 20.5% year-on-year. For May-2009, consolidated passenger RASM decreased 19.9% compared to May-2008, while mainline passenger RASM decreased 19.1% year-on-year.