CHICAGO, Jan. 8, 2013 /PRNewswire/ -- United Continental Holdings, Inc. (NYSE: UAL) today reported December 2012 combined operational results for its airline units.
UAL's consolidated traffic (revenue passenger miles) in December 2012 decreased 4.0 percent and consolidated capacity (available seat miles) decreased 5.4 percent versus December 2011. UAL's consolidated load factor in December 2012 increased 1.2 points compared to December 2011.
UAL's December 2012 consolidated passenger revenue per available seat mile (PRASM) increased an estimated 2.5 to 3.5 percent compared to December 2011. Core passenger revenue growth showed sequential strength from November 2012 to December 2012, but was partially offset by year-end revenue adjustments.
About UnitedUnited Airlines and United Express operate an
average of 5,557 flights a day to 378 airports on six continents from
the airline's hubs in Chicago, Cleveland, Denver, Guam, Houston, Los Angeles, New York/Newark, San Francisco, Tokyo and Washington, D.C.
United is upgrading its cabins with more flat-bed seats in first and
business class and more extra-legroom economy-class seating than any
other airline in North America. United
now has 180 airplanes featuring DIRECTV®, offering customers more live
television access than any other airline in the world. United operates
nearly 700 mainline aircraft and has orders for more than 270 new
aircraft deliveries through 2022. In 2012, United was the first North
American airline to take delivery of new Boeing 787 Dreamliner aircraft.
United was rated the world's most admired airline on FORTUNE magazine's
2012 airline-industry list of the World's Most Admired Companies.
Readers of Global Traveler magazine have voted United's MileagePlus
program the best frequent flyer program for eight consecutive years.
United is a founding member of Star Alliance,
which provides service to 193 countries via 27 member airlines. More
than 85,000 United employees reside in every U.S. state and in countries
around the world. For more information, visit united.com or follow United on Twitter and Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol UAL.
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Preliminary Operational Results
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December
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Year-to-Date
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2012
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2011
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Change
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2012
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2011
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Change
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REVENUE PASSENGER MILES (000)
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Domestic
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7,294,836
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7,752,603
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(5.9%)
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92,654,685
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95,069,896
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(2.5%)
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International
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6,838,979
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6,982,065
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(2.0%)
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86,761,121
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86,693,558
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0.1%
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Atlantic
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2,757,774
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2,890,038
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(4.6%)
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37,817,032
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39,280,149
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(3.7%)
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Pacific
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2,600,344
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2,616,274
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(0.6%)
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32,360,042
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31,350,439
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3.2%
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Latin
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1,480,861
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1,475,753
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0.3%
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16,584,047
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16,062,970
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3.2%
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Mainline
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14,133,815
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14,734,668
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(4.1%)
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179,415,806
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181,763,454
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(1.3%)
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Regional
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2,071,797
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2,148,219
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(3.6%)
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26,068,761
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25,768,002
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1.2%
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Consolidated
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16,205,612
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16,882,887
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(4.0%)
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205,484,567
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207,531,456
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(1.0%)
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AVAILABLE SEAT MILES (000)
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Domestic
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8,747,198
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9,311,662
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(6.1%)
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109,105,345
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111,734,624
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(2.4%)
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International
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8,337,481
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8,707,176
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(4.2%)
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107,224,901
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107,702,131
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(0.4%)
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Atlantic
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3,434,047
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3,698,344
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(7.1%)
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47,428,563
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49,189,706
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(3.6%)
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Pacific
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3,070,544
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3,160,691
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(2.9%)
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39,234,124
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38,207,995
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2.7%
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Latin
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1,832,890
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1,848,141
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(0.8%)
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20,562,214
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20,304,430
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1.3%
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Mainline
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17,084,679
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18,018,838
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(5.2%)
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216,330,246
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219,436,755
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(1.4%)
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Regional
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2,580,166
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2,777,392
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(7.1%)
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32,529,763
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33,091,282
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(1.7%)
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Consolidated
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19,664,845
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20,796,230
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(5.4%)
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248,860,009
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252,528,037
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(1.5%)
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PASSENGER LOAD FACTOR
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Domestic
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83.4%
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83.3%
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0.1 pts
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84.9%
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85.1%
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(0.2) pts
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International
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82.0%
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80.2%
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1.8 pts
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80.9%
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80.5%
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0.4 pts
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Atlantic
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80.3%
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78.1%
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2.2 pts
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79.7%
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79.9%
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(0.2) pts
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Pacific
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84.7%
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82.8%
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1.9 pts
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82.5%
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82.1%
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0.4 pts
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Latin
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80.8%
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79.9%
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0.9 pts
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80.7%
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79.1%
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1.6 pts
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Mainline
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82.7%
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81.8%
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0.9 pts
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82.9%
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82.8%
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0.1 pts
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Regional
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80.3%
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77.3%
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3.0 pts
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80.1%
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77.9%
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2.2 pts
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Consolidated
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82.4%
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81.2%
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1.2 pts
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82.6%
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82.2%
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0.4 pts
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ONBOARD PASSENGERS (000)
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Mainline
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7,331
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7,780
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(5.8%)
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93,595
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96,360
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(2.9%)
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Regional
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3,746
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3,778
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(0.8%)
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46,846
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45,439
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3.1%
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Consolidated
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11,077
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11,558
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(4.2%)
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140,441
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141,799
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(1.0%)
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CARGO REVENUE TON MILES (000)
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Total
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199,466
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223,892
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(10.9%)
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2,460,438
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2,645,600
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(7.0%)
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Preliminary Financial Results
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November 2012 year-over-year consolidated PRASM change
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(2.1)
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%
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November 2012 year-over-year mainline PRASM change
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(2.5)
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%
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December 2012 estimated year-over-year consolidated PRASM change
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2.5 - 3.5
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%
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December 2012 estimated year-over-year mainline PRASM change
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1.5 - 2.5
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%
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December 2012 estimated consolidated average price per gallon of fuel, including fuel taxes
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3.23
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Dollars
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Fourth Quarter 2012 estimated consolidated average price per gallon of fuel, including fuel taxes
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3.29
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Dollars
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Preliminary Operational Results
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2012
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20113
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Change
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December On-Time Performance1
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78.4%
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82.1%
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(3.7)
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pts
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December Completion Factor2
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99.2%
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99.5%
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(0.3)
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pts
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1 Based on domestic mainline scheduled flights
arriving within 14 minutes of scheduled arrival time, according to data
published in the DOT Air Travel Consumer Report.
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2 Mainline completion percentage.
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3 In order to provide a meaningful
year-over-year comparison, 2011 operational results are combined on a
weighted departure basis for the Company's two operating subsidiaries,
United and Continental. On a
standalone basis, United's December 2011 on-time performance and
completion factor was 84.0% and 99.4%, respectively, and Continental's
December 2011 on-time performance and completion factor was 79.8% and
99.5%, respectively.
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Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Certain statements included in this release are forward-looking and
thus reflect our current expectations and beliefs with respect to
certain current and future events and financial performance. Such
forward-looking statements are and will be subject to many risks and
uncertainties relating to our operations and business environment that
may cause actual results to differ materially from any future results
expressed or implied in such forward-looking statements. Words such as
"expects," "will," "plans," "anticipates," "indicates," "believes,"
"forecast," "guidance," "outlook" and similar expressions are intended
to identify forward-looking statements. Additionally, forward-looking
statements include statements which do not relate solely to historical
facts, such as statements which identify uncertainties or trends,
discuss the possible future effects of current known trends or
uncertainties, or which indicate that the future effects of known trends
or uncertainties cannot be predicted, guaranteed or assured. All
forward-looking statements in this release are based upon information
available to us on the date of this release. We undertake no obligation
to publicly update or revise any forward-looking statement, whether as a
result of new information, future events, changed circumstances or
otherwise, except as required by applicable law. Our actual results
could differ materially from these forward-looking statements due to
numerous factors including, without limitation, the following: our
ability to comply with the terms of our various financing arrangements;
the costs and availability of financing; our ability to maintain
adequate liquidity; our ability to execute our operational plans; our
ability to control our costs, including realizing benefits from our
resource optimization efforts, cost reduction initiatives and fleet
replacement programs; our ability to utilize our net operating losses;
our ability to attract and retain customers; demand for transportation
in the markets in which we operate; an outbreak of a disease that
affects travel demand or travel behavior; demand for travel and the
impact that global economic conditions have on customer travel patterns;
excessive taxation and the inability to offset future taxable income;
general economic conditions (including interest rates, foreign currency
exchange rates, investment or credit market conditions, crude oil
prices, costs of aviation fuel and energy refining capacity in relevant
markets); our ability to cost-effectively hedge against increases in the
price of aviation fuel; any potential realized or unrealized gains or
losses related to fuel or currency hedging programs; the effects of any
hostilities, act of war or terrorist attack; the ability of other air
carriers with whom we have alliances or partnerships to provide the
services contemplated by the respective arrangements with such carriers;
the costs and availability of aviation and other insurance; the costs
associated with security measures and practices; industry consolidation
or changes in airline alliances; competitive pressures on pricing and on
demand; our capacity decisions and the capacity decisions of our
competitors; U.S. or foreign governmental legislation, regulation and
other actions (including open skies agreements and environmental
regulations); labor costs; our ability to maintain satisfactory labor
relations and the results of the collective bargaining agreement process
with our union groups; any disruptions to operations due to any
potential actions by our labor groups; weather conditions; the
possibility that expected merger synergies will not be realized or will
not be realized within the expected time period; and other risks and
uncertainties set forth under Item 1A., Risk Factors of our Annual
Report on Form 10-K, as well as other risks and uncertainties set forth
from time to time in the reports we file with the SEC. Consequently,
forward-looking statements should not be regarded as representations or
warranties by us that such matters will be realized.
SOURCE United Continental Holdings, Inc.RELATED LINKS
http://www.united.com
PR Newswire (http://s.tt/1ya7f)
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