Established 1999
 
8,000 companies from
USA,Canada and India.
 
   
Search over 25,000 News & Earnings Archives    
 
Earnings Calls: 
Continental Airlines Fourth Quarter Earnings Call
Author: Maclintosh Kuhlengisa
123jump.com
Last Update: 6:14 PM EST January 19 2008


(Continued)

Email article | Print article

The commercial airliner reported revenue of $3.5 billion, an increase of 12 % from $3.2 billion over the prior year as a result of growth in passenger revenue at a pace significantly greater than capacity growth, a testament to excellent pricing and revenue management, operational and marketing performance. Efficiency gains are to be achieved through replacing some of the older less fuel efficient aircrafts with new more fuel efficient 737-800 and 900 ERF aircraft throughout 2008.


Investors Question and Answers

 
 Company Website Links:
Investor Relations Financial Info Corporate / History Profile Executives
 
Sequential Earnings Growth | Quarterly Earnings by Year | Quarterly Earnings Growth by Year

Source: Company filings    Q1:March  Q2:June  Q3:September  Q4:December
 
Across the whole spectrum of cost, there is a number of things that you can do in terms of trying to gain more efficiencies where there is use of technology or other methodologies, and as the company kind of continues to evolve, we may have new focus and new things that we want to focus on.

We have got a lot of metrics that we measure all different departments by and we will kind of continue to learn those and drive towards efficiencies.

Mike Linenberg (Merrill Lynch): Are you getting an increase in mainline capacity or are you anticipating additional 737-300s or other aircraft that are older coming out the fleet this year?

Jim Compton: There is a combination factors. A bit of it is utilization and a bit of it is timing of the aircrafts coming in and aircrafts departing, We are still working our way through exactly how the schedule is going to shake out, given some of the activity in the northeast border.

Jamie Baker J.P. Morgan: What percentage of revenue might your top fifty corporate accounts account for and what industries are they bias to?

Larry Kellner: When you look at international business first which is the key driver of what we do, we tend to look at them as a key group, not so much as the percentage of total revenues, but what they drive on our international network and front.

Gary Chase (Lehman Brothers): Is it the strength that you are referring to in your outlook not just a function of a low point and easy comparables in the prior year?

Larry Kellner: We feel comfortable with our booking levels as of today and I would tell you, we are not doing that at the expense of yields today, over the holidays, we did see some softness and we paid attention to it. That had more to do with the Christmas and New Year’s thing in the middle of the week on a Tuesday than it did with the slowing economy, but we will never know, we did see some softness, but that has come back here over the last ten days.

Gary Chase (Lehman Brothers): Is it fair to say that a change in the relative size of Continental is not by itself an important factor for you?

Larry Kellner: Relative size is important in the network business and so we would pay attention to our relative size and we are going to watch this.

Gary Chase (Lehman Brothers): Any comments on the shifting landscape?

Larry Kellner: We are just going to have to watch the market as we go forward and watch what our competitors do and what we believe our competitors are going to do and make the best decisions for us. It is difficult to speculate because there are so many alternatives.

James Higgins (Soleil Securities): Give us some color on the strength in your regional RASM and where it came from.

Jim Compton: We saw a good strength in New York Liberty partly due to some of the things had just moved again to grow with the 190 down in New York. In addition, we have been focused on managing the revenue across the system.

James Higgins (Soleil Securities): Is technology called RNP, Required Navigation Performance something that you have given any thought to?

Mark Moran: We are working several initiatives with FAA and air traffic on enhancements with RNM and RNP. We have some efforts. We are working on Guam right now, GLS and we will continue to work through these initiatives.

Frank Boroch (Bear Stearns): If you had a blank slate today and could establish in parts of the country aside from you are currently are, where would you want to be?

Larry Kellner: As you look at our network we view ourselves as having three things we need to improve. One was we have not had access to Heathrow. That will get fixed in late March, not to the full extent. We have not gone to the trans-Pacific service at our 25-787 on order, we will do a lot to help us to fill that gap and increase our trans-Pacific service.

We continue to be weak on the West Coast, more south, though the domestic business is not the most profitable thing today. We would be happy to get our domestic system back to break even and so we would be careful about domestic expansion, but if we have a weakness in out network it is more south on the West Coast.

Andy Compart (Travel Weekly): At what level are your free-surcharges now internationally and do you have one domestically?
  1  2  3  4

 


 

350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries

© 1999-2009 123jump.com. All rights reserved