Strong unit revenue growth in December indicates that demand is not dropping as fast as feared for Continental — and possibly for the rest of the U.S. majors — despite the wider economic downturn. Consolidated unit revenue was up between 3.5% and 4.5% year-on-year, with mainline up 4%-5%. The carrier also saw load factors rising in December, particularly for domestic operations, which is consistent with what its competitors are reporting. The general trend is that capacity cuts are more ...

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