ATW Daily News

Continental estimates 18.5%-19.5% March RASM drop

Friday April 3, 2009

Continental Airlines provided further evidence of the collapse in US air travel demand, reporting late Wednesday that March consolidated revenue per ASM plunged an estimated 19.5%-20.5% year-over-year while mainline unit revenue fell 18.5%-19.5%. In February, consolidated unit revenue was down 11.5% and mainline dropped 10%. CO flew 7.48 consolidated RPMs in March, down 9.7%, against a 6.4% fall in capacity to 9.43 billion ASMs. Load factor was down 2.9 points to 79.4% and passenger numbers declined 10.2% to 5.5 million.

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