02-Oct-2009 4:10 PM
Continental Airlines' yields weaken in September, load factors strengthen
Analysis
Continental Airlines' dire yield performance continued last month. The Houston-based carrier estimates that consolidated passenger revenue per available seat mile (RASM) was down by 18.5% to 19.5% year-on-year in Sep-2009 (mainline RASM down by 20.0-21.0%), for the third largest RASM contraction in the past 12 months - and eighth consecutive double-digit decline - reflecting continued discounting and ongoing weakness in premium travel demand.
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