Continental typically releases their traffic results the first among all the other airlines, and as such can be used as a way to see what the rest of the industry will look like. Unfortunately, the November results don’t paint a very rosy picture.
Domestic RPMs were down 15%, International RPMs were down 5.4%, and consolidated RPMs were down 10.5%. ASMs for the same category were down 12.4%, 2.5%, and 7.3%, respectively. As a result, load factors were down. I find this a bit troubling, to say the least. Consolidated load factor was down 2.8% last month but only 0.5% in October.
Over the past couple months it had seemed that the capacity cuts for most of the airlines helped keep load factor relatively steady. After these results, could we see more cuts? Perhaps. We’ll all have to wait for the other airlines to release their data.
The release had some other interesting data. The RASM changes for both mainline and consolidated seemed relatively weak. I recommend checking out the post on PlaneBuzz on the same topic for some more insight there.
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