Now that Rita is expected to reach landfall Saturday morning, how badly is this going to effect Continentals operations. However even if this hurricane drops to a 4 upon landfall this will still become a very powerfull storm. So if it hits hard enough its a possibility that wind damage could severely cripple Continentals operations, possibly cancelling thousands of flights for a couple days. What do you guys think is going to happen to Continental here in the next couple of days since operations may become severely crippled?
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Rita and Continental
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Most outbound flights from Houston are going to outbound stations late this afternoon and staying put until it's time to head back. Operations to Houston by Continental are suspended with the exception of a very limited schedule on Friday, which ends at noon. Ops will return slowly over late Saturday, throughout Sunday, with anticipation of being 100% as early as Monday in the best case scenario.
"Spare" fleet is being sent to Newark, Cleveland, and Orlando.
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Originally posted by chrisburnsI wasnt after what they would do with the planes, I know they wouldnt likely let them just sit there, I was wondering how badly this will hurt them financially, how many cancellations, re routing etc.
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Financially, CO shouldn't have any problems. Most everyone has been rebooked for later dates or on OAL. Continental Express ceased operations at noon on Thursday and begin flying aircraft out, mainly to St. Louis and Knoxville. Operations for Express are expected to be up and running Monday morning. Continental ceased operations at noon on Friday and should be up and running Monday morning as well. With fares as low as they are, and with Cleveland and Newark still up and running, Continental shouldn't lose too much money. Continental is still incurring labor costs (since the airport is shut down, they still have to pay employees at least for the first day whether they work or not) and minimal fuel costs (repo of aircraft). With a lot of the passengers being rebooked for a later date, Continental still keeps the money, they will just have higher load factors once the weather clears. Either way, breakeven load factor is currently scheduled to be 92% for the month, and we are sitting waaaaaay below that at about 77% so far. Continental is predicting a helluva loss through the rest of the year, so Rita won't make that much of an impact when you look at the big picture.Work Right, Fly Hard.
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Originally posted by stlgphyou've just completely contradicted yourself.
CO expects big losses for the year. Rita will affect CO financially but, no matter their losses due to Rita, it will only be a small dent when looking at the big picture (total annual loss).Work Right, Fly Hard.
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Originally posted by assghanistanhow so?.......
Financially, CO shouldn't have any problems. Most everyone has been rebooked for later dates or on OAL.
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1. Continental Express ceased operations at noon on Thursday and begin flying aircraft out, mainly to St. Louis and Knoxville. Operations for Express are expected to be up and running Monday morning.
2. Continental ceased operations at noon on Friday and should be up and running Monday morning as well.
3. With fares as low as they are, and with Cleveland and Newark still up and running, Continental shouldn't lose too much money.
4. Continental is still incurring labor costs (since the airport is shut down, they still have to pay employees at least for the first day whether they work or not)
5. and minimal fuel costs (repo of aircraft).
6. With a lot of the passengers being rebooked for a later date, Continental still keeps the money, they will just have higher load factors once the weather clears.
7. Either way, breakeven load factor is currently scheduled to be 92% for the month, and we are sitting waaaaaay below that at about 77% so far.
(and why do you think #7 is?)
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Originally posted by stlgph(and why do you think #7 is?)
Continental will not do good this quarter (hence the 77% load factor vs. the 92% breakeven load factor for September). Rita should not have that much of an impact on the overall shitty financial situation that Continental is ALREADY facing. i.e. If Continental loses $100M in September, the $5M they lost because of Rita isn't going to make that big of a difference....Work Right, Fly Hard.
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