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8-K - 03/01/10 FORM 8-K - UNITED AIRLINES, INC. | form8k.htm |
News
Release
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Exhibit
99.1
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Contact:
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Corporate
Communications
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Houston:
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713.324.5080
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Email:
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corpcomm@coair.com
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News
archive:
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continental.com/company/news/
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Address:
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P.O.
Box 4607, Houston, TX 77210-4607
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CONTINENTAL
AIRLINES REPORTS FEBRUARY 2010
OPERATIONAL
PERFORMANCE
HOUSTON,
March 1, 2010 – Continental Airlines (NYSE: CAL) today reported a February
consolidated (mainline plus regional) load factor of 77.7 percent, 5.2 points
above the February 2009 consolidated load factor, and a mainline load factor of
78.1 percent, 5.2 points above the February 2009 mainline load
factor. Both February load factors were records for the
month. The carrier reported a domestic mainline February load factor
of 80.6 percent, 2.9 points above the February 2009 domestic mainline load
factor, and a record international mainline load factor of 75.9 percent, 7.5
points above February 2009.
During
February, Continental recorded a U.S. Department of Transportation (DOT) on-time
arrival rate of 75.0 percent and a mainline segment completion factor of 95.4
percent. Continental’s operational results were adversely impacted by severe
winter weather, particularly at its New York hub at Newark Liberty International
Airport.
In
February 2010, Continental flew 6.1 billion consolidated revenue passenger miles
(RPMs) and 7.8 billion consolidated available seat miles (ASMs), resulting in a
consolidated traffic increase of 3.3 percent and a capacity decrease of 3.8
percent as compared to February 2009. In February 2010, Continental flew 5.4
billion mainline RPMs and 6.9 billion mainline ASMs, resulting in a mainline
traffic increase of 3.2 percent and a mainline capacity decrease of 3.7 percent
as compared to February 2009. Domestic mainline traffic was 2.7 billion RPMs in
February 2010, down 0.5 percent from February 2009, and domestic mainline
capacity was 3.3 billion ASMs, down 4.1 percent from February 2009.
For
February 2010, consolidated passenger revenue per available seat mile (RASM) is
estimated to have increased between 7.5 and 8.5 percent compared to February
2009, while mainline RASM is estimated to have increased between 5.5 and 6.5
percent.
Continental
estimates that the suspension of operations at its New York hub on February 10,
2010, and February 26, 2010, due to severe winter weather in the New York area
reduced its consolidated passenger revenue for the month by approximately $25
million. The combination of available seat mile reductions caused by the
two February snowstorms and the company’s re-accommodation of many customers who
were impacted by its flight cancellations resulted in a year-over-year RASM
benefit of approximately one percentage point, compared to the year-over-year
RASM performance the company would have expected had the company flown the
capacity it cancelled as a result of the storms.
For
January 2010, consolidated passenger RASM decreased 1.3 percent compared to
January 2009, while mainline passenger RASM decreased 2.8 percent compared to
January 2009.
Continental’s
regional operations had a February load factor of 74.6 percent, 5.3 points above
the February 2009 regional load factor. Regional RPMs were 657.0 million and
regional ASMs were 880.2 million in February 2010, resulting in a traffic
increase of 3.5 percent and a capacity decrease of 4.0 percent versus February
2009.
Continental
Airlines is the world’s fifth largest airline. Continental, together
with Continental Express and Continental Connection, has more than 2,500 daily
departures throughout the Americas, Europe and Asia, serving 133 domestic and
135 international destinations. Continental is a member of Star
Alliance, which overall offers 19,700 daily flights to 1,077 airports in 175
countries through its 26 member airlines. With more than 41,000
employees, Continental has hubs serving New York, Houston, Cleveland and Guam,
and together with its regional partners, carries approximately 63 million
passengers per year.
Continental
consistently earns awards and critical acclaim for both its operation and its
corporate culture. For the sixth consecutive year, FORTUNE magazine
named Continental the No. 1 World’s Most Admired Airline on its 2009 list of
World’s Most Admired Companies. For more company information, go to
continental.com.
This press release contains
forward-looking statements that are not limited to historical facts, but reflect
the company’s current beliefs, expectations or intentions regarding future
events. All forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements. For examples of such risks and uncertainties, please
see the risk factors set forth in the company’s 2009 Form 10-K and its other
securities filings, including any amendments thereto, which identify important
matters such as the potential for significant volatility in the cost of aircraft
fuel, the consequences of its high leverage and other significant capital
commitments, its high labor and pension costs, delays in scheduled aircraft
deliveries, service interruptions at one of its hub airports, disruptions to the
operations of its regional operators, disruptions in its computer systems, and
industry conditions, including continuing weakness in the U.S. and global
economies, the airline pricing environment, terrorist attacks, regulatory
matters, excessive taxation, industry consolidation and airline alliances, the
availability and cost of insurance, public health threats and the seasonal
nature of the airline business. The company undertakes no obligation to publicly
update or revise any forward-looking statements to reflect events or
circumstances that may arise after the date of this press release, except as
required by applicable law.
(more)
PRELIMINARY
TRAFFIC RESULTS
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FEBRUARY
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2010
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2009
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Change
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REVENUE
PASSENGER MILES (000)
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||||||
Domestic
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2,659,180
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2,673,822
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-0.5
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Percent
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International
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2,752,470
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2,568,348
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7.2
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Percent
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Transatlantic
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1,215,540
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1,158,555
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4.9
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Percent
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Latin
America
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989,790
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931,769
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6.2
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Percent
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Pacific
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547,140
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478,024
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14.5
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Percent
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Mainline
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5,411,650
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5,242,170
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3.2
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Percent
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Regional
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657,000
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635,057
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3.5
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Percent
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Consolidated
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6,068,650
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5,877,227
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3.3
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Percent
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AVAILABLE
SEAT MILES (000)
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Domestic
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3,300,279
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3,439,946
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-4.1
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Percent
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International
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3,625,653
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3,754,257
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-3.4
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Percent
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Transatlantic
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1,672,655
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1,855,310
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-9.8
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Percent
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Latin
America
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1,244,275
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1,216,195
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2.3
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Percent
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Pacific
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708,723
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682,752
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3.8
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Percent
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Mainline
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6,925,932
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7,194,203
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-3.7
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Percent
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Regional
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880,233
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917,000
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-4.0
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Percent
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Consolidated
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7,806,165
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8,111,203
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-3.8
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Percent
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PASSENGER
LOAD FACTOR
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Domestic
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80.6
Percent
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77.7
Percent
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2.9
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Points
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International
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75.9
Percent
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68.4
Percent
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7.5
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Points
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Transatlantic
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72.7
Percent
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62.4
Percent
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10.3
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Points
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Latin
America
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79.5
Percent
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76.6
Percent
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2.9
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Points
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Pacific
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77.2
Percent
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70.0
Percent
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7.2
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Points
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Mainline
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78.1
Percent
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72.9
Percent
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5.2
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Points
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Regional
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74.6
Percent
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69.3
Percent
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5.3
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Points
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Consolidated
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77.7
Percent
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72.5
Percent
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5.2
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Points
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ONBOARD
PASSENGERS
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Mainline
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3,138,019
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3,182,980
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-1.4
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Percent
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Regional
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1,195,138
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1,163,130
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2.8
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Percent
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Consolidated
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4,333,157
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4,346,110
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-0.3
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Percent
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CARGO
REVENUE TON MILES (000)
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Total
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78,335
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63,763
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22.9
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Percent
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PRELIMINARY
TRAFFIC RESULTS
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YEAR-TO-DATE
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2010
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2009
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Change
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REVENUE
PASSENGER MILES (000)
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Domestic
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5,571,841
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5,519,051
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1.0
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Percent
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International
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6,118,289
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5,502,733
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11.2
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Percent
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Transatlantic
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2,705,390
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2,474,820
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9.3
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Percent
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Latin
America
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2,157,252
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1,991,986
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8.3
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Percent
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Pacific
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1,255,647
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1,035,927
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21.2
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Percent
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Mainline
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11,690,130
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11,021,784
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6.1
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Percent
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Regional
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1,353,803
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1,283,853
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5.4
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Percent
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Consolidated
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13,043,933
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12,305,637
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6.0
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Percent
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AVAILABLE
SEAT MILES (000)
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Domestic
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7,024,535
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7,155,672
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-1.8
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Percent
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International
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7,952,871
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7,848,764
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1.3
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Percent
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Transatlantic
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3,619,871
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3,888,795
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-6.9
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Percent
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Latin
America
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2,693,658
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2,543,282
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5.9
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Percent
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Pacific
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1,639,342
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1,416,687
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15.7
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Percent
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Mainline
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14,977,406
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15,004,436
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-0.2
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Percent
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Regional
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1,865,166
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1,892,959
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-1.5
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Percent
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Consolidated
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16,842,572
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16,897,395
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-0.3
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Percent
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PASSENGER
LOAD FACTOR
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Domestic
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79.3
Percent
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77.1
Percent
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2.2
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Points
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International
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76.9
Percent
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70.1
Percent
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6.8
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Points
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Transatlantic
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74.7
Percent
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63.6
Percent
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11.1
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Points
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Latin
America
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80.1
Percent
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78.3
Percent
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1.8
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Points
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Pacific
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76.6
Percent
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73.1
Percent
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3.5
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Points
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Mainline
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78.1
Percent
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73.5
Percent
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4.6
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Points
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Regional
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72.6
Percent
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67.8
Percent
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4.8
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Points
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Consolidated
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77.4
Percent
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72.8
Percent
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4.6
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Points
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ONBOARD
PASSENGERS
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Mainline
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6,591,174
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6,567,382
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0.4
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Percent
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Regional
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2,449,089
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2,342,969
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4.5
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Percent
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Consolidated
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9,040,263
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8,910,351
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1.5
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Percent
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CARGO
REVENUE TON MILES (000)
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Total
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162,976
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126,867
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28.5
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Percent
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PRELIMINARY
OPERATIONAL AND FINANCIAL RESULTS
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FEBRUARY
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2010
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2009
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Change
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On-Time
Performance 1
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75.0%
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77.7%
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(2.7)
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Points
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Completion
Factor 2
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95.4%
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99.5%
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(4.1)
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Points
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January
2010 year-over-year consolidated RASM change
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(1.3)
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Percent
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January
2010 year-over-year mainline RASM change
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(2.8)
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Percent
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February
2010 estimated year-over-year consolidated RASM change
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7.5
- 8.5
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Percent
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February
2010 estimated year-over-year mainline RASM change
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5.5
- 6.5
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Percent
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February
2010 estimated average price per gallon of fuel, including fuel
taxes
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2.10
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Dollars
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First
Quarter 2010 estimated average price per gallon of fuel, including fuel
taxes
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2.13
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Dollars
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1
Department of Transportation Arrivals within 14
minutes
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2
Mainline Segment Completion Percentage
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###
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