Continental estimates 20% fall in May unit revenue

Continental Airlines estimated that May consolidated unit revenue declined 19.5%-20.5% year-over-year, with mainline RASM falling an estimated 19%-20%. It attributed part of the decrease to the swine flu scare, which it said reduced consolidated passenger revenue by $30 million last month. Consolidated April RASM was down 13.1% while mainline unit revenue fell 11.3%. Last month CO flew 7.53 billion consolidated RPMS, a 9% drop from May 2008. Capacity was down 8.8% to 9.31 billion ASMs, ...