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%;
  • • 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.