Continental Reports Record Loads in June 2010

Continental Airlines, the first U.S. carrier to report June traffic, said Thursday that it
filled 87.3 percent of its seats, setting a record for load factors for the
month.


Continental

Its domestic flights saw 88.2 percent of seats filled with passengers, up 0.1 points
from June 2009. International loads jumped 4 points to 86.5 percent. The
biggest jump came on Pacific routes, up 12.2 points to 86.8 percent.

The carrier also said its passenger unit revenues – passenger revenue per available
seat mile – increased 20.5 to 21.5 percent. Including regional partners, its
passenger unit revenues increased 21 to 22 percent.

We note that one analyst, Michael Linenberg of Deutsche Bank, had forecast that
Continental’s passenger unit climbed 25 to 26 percent in June, with consolidated
revenues up 26 to 27 percent.

Results from other airlines will wander in on Friday and through next week. They’re
expect to report high loads and nice increases in unit revenues.