Just noticed in the press release, 737-500 winglets. Will this actually mak= e any difference with such short flights they do.=0A =0A =0AView our videos= at: http://www.youtube.com/profile?user=3Dewrw4co=0A =0ARoger & Amanda La = France=0A=0A=0A=0A----- Original Message ----=0AFrom: Roger LaFrance <lafra= nce@xxxxxxxxxxx>=0ATo: Airline List <AIRLINE@xxxxxxxxxxxxxxxxx>; Skyone <sk= yone@xxxxxxxxxxxxxxx>; Airline2 Yahoo <airline2@xxxxxxxxxxxxxxx>=0ASent: Th= ursday, October 19, 2006 7:46:50 AM=0ASubject: [Sky-1] CONTINENTAL AIRLINES= ANNOUNCES THIRD QUARTER PROFIT=0A=0ACONTINENTAL AIRLINES ANNOUNCES THIRD Q= UARTER PROFIT =0A =0ACo-workers=92 profit sharing pool now exceeds $100 mil= lion=0A =0AHOUSTON, October 19, 2006 -- Continental Airlines (NYSE: CAL) to= day reported third quarter 2006 net income of $237 million ($2.17 diluted e= arnings per share), which includes a $92 million gain on the sale of a port= ion of the company=92s investment in Copa Airlines. Excluding net special = charges of $1 million and the $92 million Copa gain, Continental recorded n= et income of $146 million ($1.36 diluted earnings per share). =0AOperating = income for the third quarter was $192 million, an $83 million improvement o= ver the same period of 2005, despite fuel price increases costing over $155= million and the negative impact of increased security measures that took e= ffect on Aug. 10. In addition, results for the third quarter of 2006 inclu= de a $42 million accrual for employee profit sharing, bringing the cumulati= ve accrued profit sharing pool to over $100 million. =0A =93Thanks to th= e hard work of my co-workers, we are delivering great results, both financi= ally and operationally,=94 said Larry Kellner, Continental=92s chairman and= chief executive officer. =93When we work together, we win together.=94=0A= Third Quarter Revenue and Capacity=0APassenger revenue for the quarter incr= eased 17.1 percent ($471 million) over the same period in 2005, to $3.2 bil= lion, with double digit percentage growth in each mainline geographic regio= n and in regional jet operations. Additional capacity and traffic, both do= mestic and international, and improved yield produced significantly higher = revenue for the company. Consolidated revenue per available seat mile (RAS= M) for the quarter increased 7.4 percent year-over-year due to increased yi= eld and record load factors in spite of elevated security concerns. =0ACon= tinental continued its capacity growth during the quarter, growing its main= line capacity 8.6 percent and its consolidated capacity 9.1 percent compare= d with the same period in 2005. =0AConsolidated revenue passenger miles (R= PMs) for the quarter increased 10.5 percent year-over-year on a capacity in= crease of 9.1 percent, resulting in a record consolidated load factor for t= he quarter of 82.2 percent, 1.1 points above the previous record set in the= same period in 2005. Consolidated yield increased 6.0 percent year-over-y= ear. =0A Mainline RPMs in the third quarter of 2006 increased 10.0 percent= over the third quarter 2005, on a capacity increase of 8.6 percent. Mainl= ine load factor was a record 82.7 percent, up 1.0 points year-over-year. C= ontinental=92s mainline yield during the quarter increased 5.5 percent over= the same period in 2005.=0ADuring the quarter, Continental continued to ac= hieve a domestic length-of-haul adjusted yield and RASM premium to the indu= stry.=0APassenger revenue for the third quarter of 2006 and period-to-perio= d comparisons of related =0Astatistics by geographic region for the company= =92s mainline and regional operations are as follows:=0A=0A=0A=0APassenger= =0ARevenue=0A(in millions)Percentage Increase in=0AThird Quarter 2006 vs. T= hird Quarter 2005=0APassenger=0ARevenue =0ARASM=0AASMs=0A =0ADomestic$1= ,389 14.1% 7.6% 6.1% =0ATrans-Atlantic636 16.7% 1.4% 15.1% =0ALatin America= 354 24.3% 10.0% 12.9% =0APacific251 13.4% 12.2% 1.0% =0ATotal Mainline$2,63= 0 16.0% 6.8% 8.6% =0A =0ARegional$ 601 22.3% 8.6% 12.6% =0A = =0AConsolidated$3,231 17.1% 7.4% 9.1% =0A=0A =0AOperational Accomplishme= nts=0AContinental=92s employees continued to work together to deliver a rec= ord third quarter systemwide mainline completion factor of 99.8 percent dur= ing the quarter, operating 28 days without a single mainline cancellation. = The company recorded a U.S. Department of Transportation (DOT) on-time arr= ival rate of 75.1 percent during the quarter, which was affected by bad wea= ther, air traffic control ground delay programs, new security rules and rec= ord load factors.=0A=93My co-workers did a tremendous job this quarter, and= earned on-time bonuses for two out of the three months, despite operationa= l challenges,=94 said Jeff Smisek, Continental=92s president. =93I couldn= =92t be prouder of them, and I=92m delighted that our financial results hav= e permitted us to accrue over $100 million of profit sharing for my co-work= ers.=94=0AContinental Airlines continues to be recognized for superior serv= ice. For the ninth year in a row, Continental outranked all of its U.S. co= mpetition in international Business Class service, according to results of = a survey of Cond=E9 Nast Traveler readers published in the magazine=92s Oct= ober 2006 edition. Continental also placed highest among its network peers= for domestic premium-class service. Rankings were determined using a vari= ety of criteria including seat comfort/legroom, food, cabin service, amenit= ies/technolog y, airport lounge clubs and frequent-flier privileges.=0ADuri= ng the quarter, Continental submitted its case to the DOT for authority to = serve New York/Newark- Shanghai, the largest U.S.-China market currently wi= thout daily nonstop service. The route proceeding is supported by over 1= 10,000 signatures from civic parties, corporate travel partners, Continenta= l employees, elected officials, the airline=92s customers and other interes= ted citizens. =0AThird Quarter Financial Results=0AContinental=92s mainline= cost per available seat mile (CASM) increased 5.9 percent in the third qua= rter compared to the same period last year, primarily due to record high fu= el prices. CASM decreased 0.8 percent holding fuel rate constant and exclu= ding employee profit sharing accruals and related payroll taxes, and specia= l charges. =0A=93It=92s great to report another quarter of solid performan= ce,=94 said Jeff Misner, Continental=92s executive vice president and chief= financial officer. =93Our cost control performance remains on target, and= we=92ll keep our focus, even in this improved revenue environment.=94 =0A= Mainline fuel costs for the quarter increased $174 million over the third q= uarter of 2005, primarily due to a 17.8 percent increase in fuel prices com= pared to the same period last year. =0AContinental continues to enhance it= s fuel efficient fleet. Today the company announced that it has signed an = agreement to acquire winglets for 37 of its 737-500 and 11 of its long-rang= e 737-300 aircraft, with installation beginning in 2007. The company has a= lready completed the installation of winglets on its entire fleet of 737-70= 0s and -800s and plans to finish the installation of winglets on its entire= 757-200 fleet in the fourth quarter of 2006. When these installations are= complete, Continental will operate 230 narrowbody aircraft outfitted with = winglets. Winglets lower drag and improve aerodynamic efficiency, which ca= n reduce fuel consumption by up to five percent.=0A By year-end,= the company expects to have improved fuel efficiency by nearly 25 percent = per available seat mile as compared to 1998, as a result of several factors= , including fleet modernization, improved operating procedures and implemen= tation of fuel-saving technology like winglets and GE90 3D Aero blades.=0AD= uring the third quarter, Continental recorded net special charges of $1 mil= lion consisting of an $8 million settlement charge related to lump-sum paym= ents to retiring pilots and a $7 million reduction of previous charges rela= ted to permanently grounded MD-80 aircraft.=0AContinental ended the third q= uarter with approximately $2.5 billion in unrestricted cash and short-term = investments.=0AOther Accomplishments=0AContinental contributed $79 million = to its pension plans during the quarter and an additional $70 million to th= e plans in October. The contributions bring its 2006 pension contributions= to $246 million. Since the beginning of 2002, Continental has contributed= more than $1.1 billion to its pension plans.=0AContinental has accrued a c= umulative profit sharing pool of over $100 million through Sept. 30, 2006. = The actual amount of profit sharing that the company will be able to distr= ibute to employees on Feb. 14, 2007, depends on the company=92s full-year f= inancial results and may exceed or be less than $100 million. =0AContinent= al converted 12 existing orders for Boeing 737 Next Generation aircraft int= o orders for 12 new Boeing 737-900ERs, expected to be delivered in 2008. C= ontinental is the first U.S. carrier to order the extended-range twinjet th= at flies about 500 nautical miles farther than the existing 737-900. The n= ew aircraft will have among the lowest operating costs in Continental=92s f= leet and will allow the carrier to serve high demand markets more efficient= ly. =0AContinental amended its $350 million loan facility secured by subst= antially all of its Pacific operations. The amended loan agreement lowered = the interest rate, which is expected to save the =0Acompany approximately $= 6 million annually. =0AContinental was awarded a $258 million, five-year m= ail contract with the U.S. Postal Service, the company=92s largest cargo cu= stomer, effective September 30, 2006, extending Continental=92s relationshi= p with the U.S. Postal Service for five more years. The contract includes = Priority, First Class and Express mail products within the U.S. and Puerto = Rico. =0ACorporate Background=0AContinental Airlines is the world=92s fift= h largest airline. Continental, together with Continental Express and Cont= inental Connection, has more than 3,200 daily departures throughout the Ame= ricas, Europe and Asia, serving 151 domestic and 136 international destinat= ions. More than 400 additional points are served via SkyTeam alliance airli= nes. With more than 43,000 employees, Continental has hubs serving New Yor= k, Houston, Cleveland and Guam, and together with Continental Express, carr= ies approximately 61 million passengers per year. Continental consistently = earns awards and critical acclaim for both its operation and its corporate = culture. For more company information, visit continental. com. =0AContinen= tal Airlines will conduct a regular quarterly telephone briefing today to d= iscuss these results and the company's financial and operating outlook with= the financial community and news media at 9:30 a.m. CT/10:30 a.m. ET. To l= isten to a live broadcast of this briefing, go to continental. com/company.= =0AThis press release contains forward-looking statements that are not limi= ted to historical facts, but reflect the company's current beliefs, expecta= tions 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 su= ch risks and uncertainties, please see the risk factors set forth in the co= mpany's 2005 10-K and its other securities filings, including any amendment= s thereto, which identify important matters such as the consequences of our= significant financial losses and high leverage, terrorist attacks, domesti= c and international economic conditions, the significant cost of aircraft f= uel, labor costs, competition, and industry conditions, including the deman= d for air travel, the airline pricing environment and industry capacity dec= isions, regulatory matters, disruptions in its computer systems, and the se= asonal nature of the airline business. The company undertakes no obligation to publicly upd= ate or revise any forward-looking statements to reflect events or circumsta= nces that may arise after the date of this press release. =0A =0A =0AView o= ur videos at: http://www.youtube. com/profile? user=3Dewrw4co=0A =0ARoger &= Amanda La France=0A__._,_.___ =0AMessages in this topic (2) Reply (via web= post) | Start a new topic =0AMessages | Files | Photos | Links | Database = | Polls | Calendar =0ASkyOne--The Airline News Channel=0A To Post message:= Skyone@xxxxxxxxxxxxxxx =0A To Subscribe: Skyone-subscribe@yahoogroups.= com =0A To Unsubscribe: Skyone-unsubscribe@xxxxxxxxxxxxxxx =0A List owne= r: Skyone-owner@xxxxxxxxxxxxxxx =0ASkyone URL:=0A http://www.yahoogroups= .com/group/Skyone =0A =0AChange settings via the Web (Yahoo! ID required) = =0AChange settings via email: Switch delivery to Daily Digest | Switch form= at to Traditional =0AVisit Your Group | Yahoo! 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