United Continental Holdings said Hurricane Sandy, which hit the US East Coast in October causing widespread damage and flight disruptions, was partly to blame for a 4.2% decrease in capacity in the fourth quarter compared to the previous year.
In a Securities and Exchange Commission filing posted Dec. 27, the company said it expects fourth-quarter revenues to grow between 0.5% and 1.5% and unit-cost increases to be between 5.6% and 6.6%, excluding profit-sharing, fuel and special costs.The company expects its fourth-quarter 2012 revenue to be between $1.1 billion and $1.15 billion and full-year 2012 revenue to be between $4.5 billion and $4.55 billion.
“The company’s fourth-quarter consolidated CASM, excluding profit sharing, third-party business expense, fuel and special charges, was negatively impacted by approximately 1.5 percentage points due to weather-related capacity reductions, including the impact of Superstorm Sandy. Additionally, due to recent progress in negotiations for a joint collective bargaining agreement with the International Association of Machinists and Aerospace Workers, the company made additional accruals not included in previous fourth quarter consolidated CASM guidance,” UAL said in its statement.
For the full year, the company expects consolidated CASM, excluding profit sharing, third-party business expense, fuel and special charges, to increase 3.2% to 3.6% year-over-year.
The company expects to end 2012 with approximately $6.9 billion in unrestricted liquidity comprised of approximately $6.4 billion of unrestricted cash, cash equivalents and short-term investments and $500 million in undrawn commitments under its revolving credit facility.
UAL also said that compared to the same period last year, for the next six weeks, mainline domestic advance booked seat factor is up 6.4 points, mainline international advance booked seat factor is up 4.1 points, mainline Atlantic advance booked seat factor is up 3 points, mainline Pacific advance booked seat factor is up 2.8 points and mainline Latin America advance booked seat factor is up 5.6 points. Regional advance booked seat factor is up 6.6 points.
atwonline.com
In a Securities and Exchange Commission filing posted Dec. 27, the company said it expects fourth-quarter revenues to grow between 0.5% and 1.5% and unit-cost increases to be between 5.6% and 6.6%, excluding profit-sharing, fuel and special costs.The company expects its fourth-quarter 2012 revenue to be between $1.1 billion and $1.15 billion and full-year 2012 revenue to be between $4.5 billion and $4.55 billion.
“The company’s fourth-quarter consolidated CASM, excluding profit sharing, third-party business expense, fuel and special charges, was negatively impacted by approximately 1.5 percentage points due to weather-related capacity reductions, including the impact of Superstorm Sandy. Additionally, due to recent progress in negotiations for a joint collective bargaining agreement with the International Association of Machinists and Aerospace Workers, the company made additional accruals not included in previous fourth quarter consolidated CASM guidance,” UAL said in its statement.
For the full year, the company expects consolidated CASM, excluding profit sharing, third-party business expense, fuel and special charges, to increase 3.2% to 3.6% year-over-year.
The company expects to end 2012 with approximately $6.9 billion in unrestricted liquidity comprised of approximately $6.4 billion of unrestricted cash, cash equivalents and short-term investments and $500 million in undrawn commitments under its revolving credit facility.
UAL also said that compared to the same period last year, for the next six weeks, mainline domestic advance booked seat factor is up 6.4 points, mainline international advance booked seat factor is up 4.1 points, mainline Atlantic advance booked seat factor is up 3 points, mainline Pacific advance booked seat factor is up 2.8 points and mainline Latin America advance booked seat factor is up 5.6 points. Regional advance booked seat factor is up 6.6 points.
atwonline.com
No comments:
Post a Comment