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CAL Reports SEP Numbers

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Ex737Driver

Contract 2020????
Joined
Aug 14, 2004
Posts
1,240
http://biz.yahoo.com/prnews/071001/lam166.html?.v=7



Continental Airlines Reports September 2007 Operational Performance
Monday October 1, 6:56 pm ET
HOUSTON, Oct. 1 /PRNewswire-FirstCall/ -- Continental Airlines (NYSE: CAL - News) today reported a September consolidated (mainline plus regional) load factor of 79.0 percent, 0.8 points above the September 2006 consolidated load factor, and a mainline load factor of 79.2 percent, 0.6 points above the September 2006 mainline load factor. Both load factors were records for the month. In addition, the carrier reported a domestic mainline load factor of 81.1 percent, 0.1 points below September 2006, and an international mainline load factor of 77.2 percent, 1.5 points above September 2006.

During the month, Continental excelled operationally, recording a U.S. Department of Transportation (DOT) on-time arrival rate of 88.0 percent, its fifth best on-time performance of any month in the carrier's history. In addition, the carrier reported a mainline mileage completion factor of 99.9 percent, a record for September. The carrier's mainline segment completion factor for the month was 99.8 percent.
In September 2007, Continental flew 7.3 billion consolidated revenue passenger miles (RPMs) and 9.2 billion consolidated available seat miles (ASMs), resulting in a traffic increase of 5.6 percent and a capacity increase of 4.5 percent as compared to September 2006. In September 2007, Continental flew 6.5 billion mainline RPMs and 8.3 billion mainline ASMs, resulting in a mainline traffic increase of 7.1 percent and a mainline capacity increase of 6.2 percent as compared to September 2006. Domestic mainline traffic was 3.4 billion RPMs in September 2007, up 4.5 percent from September 2006, and domestic mainline capacity was 4.3 billion ASMs, up 4.6 percent from September 2006.
For September 2007, consolidated passenger revenue per available seat mile (RASM) is estimated to have increased between 4.5 and 5.5 percent compared to September 2006, while mainline passenger RASM is estimated to have increased between 5.5 and 6.5 percent compared to September 2006. For August 2007, consolidated passenger RASM increased 7.3 percent compared to August 2006, while mainline passenger RASM increased 8.8 percent from August 2006.
Continental ended the third quarter of 2007 with unrestricted cash and short-term investments of approximately $3.04 billion.
Continental's regional operations had a record September load factor of 76.5 percent, 1.5 points above the September 2006 load factor. Regional RPMs were 743.9 million and regional ASMs were 972.3 million in September 2007, resulting in a traffic decrease of 5.9 percent and a capacity decrease of 7.9 percent versus September 2006.
 
$3 billion is a big number.

What was that figure at prior to the current contract signing...?
 
Don't hold me to it; around $1.2B

Not correct. CAL had 1.2B in the bank on 9/11/01. After 9/11 and the subsequent months it dipped below 1B but never (I believe) to the companies critical level of 750 million.

Sometime in 2002 through the present the cash position has steadily grown up to over 3B. At POS 02 signing time it was either just under or just over 2B. The company used the no pricing power, fuel costs, debt and inability to secure significant Wall Street financing as the impetus to scare everyone into voting for POS 02. Unfortunately we couldn't get at least another 300 or so to say to the company hell no we don't believe you. If so we wouldn't have POS 02. Amazingly after the passage of Contract 02 the company successfully passed to the consumers several significant fare increases and has been profitable ever since.

One thing for sure Kellner and the company never once mentioned Bankruptcy as a option. It was only CAL ALPA that delivered that message.
 
The chart won't format properly so I will abbreviate it.

PERIOD ENDING 31-Dec-06 current Assets Cash And Cash Equivalents = 2.38 billion (now around 3 billion)

31-Dec-05 = 1.96B

31-Dec-04 = 1.26B

Total current assets

12/31/06 = 4.1B

12/31/05 = 3.4B

12/31/04 = 2.82B

Total liabilities have risen as well but the balance sheet definitely looks better year over year.
 
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The chart won't format properly so I will abbreviate it.

PERIOD ENDING 31-Dec-06 current Assets Cash And Cash Equivalents = 2.38 billion (now around 3 billion)

31-Dec-05 = 1.96B

31-Dec-04 = 1.26B

Total current assets

12/31/06 = 4.1B

12/31/05 = 3.4B

12/31/04 = 2.82B

Total liabilities have risen as well but the balance sheet definitely looks better year over year.

Excellent job of getting the numbers. I stand corrected. However I wouldn't put anything past this managements ability to do everything legal to suppress those cash on hand numbers until POS 02 was signed and then they magically start a steep climb.

Cash on hand at end of 04, 1.26B essentially the same that CAL had on 9/11/01. Contract 02 was T/A'd on Feb 28 05 was ratified in March 05 and signed shortly thereafter and took effect April 1, 05.

Remember our former N/C Chairman now Company Negotiator's quote in response to the company mandated deadline for a concessionary contract from the pilots "Feb 28 is nothing more then the last day in Feb". BS Tom Stivilia couldn't get the deal done fast enough!
 
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