9-9-13 5:04 PM EDT | Email Article

CHICAGO, Sept. 9, 2013 /PRNewswire/ -- United Airlines (UAL) today reported August 2013 operational results.

UAL's August 2013 consolidated traffic (revenue passenger miles) decreased 0.5 percent and consolidated capacity (available seat miles) decreased 1.4 percent versus August 2012. UAL's August 2013 consolidated load factor increased 0.8 points compared to August 2012.

UAL's August 2013 consolidated passenger revenue per available seat mile (PRASM) increased an estimated 3.5 to 4.5 percent compared to August 2012. Weakness in the Pacific entity, primarily driven by the yen depreciation, reduced consolidated PRASM by approximately one percentage point in August.

About United
United Airlines and United Express operate an average of 5,341 flights a day to more than 360 airports across six continents. In 2012, United and United Express carried more passenger traffic than any other airline in the world and operated nearly two million flights carrying 140 million customers. United is investing in upgrading its onboard products and now offers more flat-bed seats in its premium cabins and more extra-legroom economy-class seating than any airline in North America. In 2013, United became the first U.S.-based international carrier to offer satellite-based Wi-Fi on long-haul overseas routes. The airline also features DIRECTV® on 200 aircraft, offering customers more live television access than any other airline in the world. United operates nearly 700 mainline aircraft and has made large-scale investments in its fleet. In 2013, United will continue to modernize its fleet by taking delivery of more than two dozen new Boeing aircraft. The company expanded its industry-leading global route network in 2012, launching nine new international and 18 new domestic routes. Business Traveler magazine awarded United Best Airline for North American Travel for 2012, and readers of Global Traveler magazine have voted United's MileagePlus program the best frequent flyer program for nine consecutive years. According to the 4th annual Switchfly Reward Seat Availability Survey published by IdeaWorksCompany in May 2013, United has the most saver-style award-seat availability among the largest U.S. global airlines. United is a founding member of Star Alliance, which provides service to 195 countries via 28 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.

Preliminary Operational Results





 August


 Year-to-Date



2013

2012

Change


2013

2012

Change










 REVENUE PASSENGER MILES (000)









Domestic

8,712,264

8,943,918

(2.6%)


61,906,393

63,692,106

(2.8%)











International

8,380,273

8,197,812

2.2%


59,666,194

59,769,986

(0.2%)


Atlantic

3,994,742

3,726,781

7.2%


25,814,170

26,133,458

(1.2%)


Pacific

2,959,415

3,042,114

(2.7%)


21,807,942

21,762,646

0.2%


Latin

1,426,116

1,428,917

(0.2%)


12,044,082

11,873,882

1.4%











Mainline

17,092,537

17,141,730

(0.3%)


121,572,587

123,462,092

(1.5%)


Regional

2,421,639

2,470,952

(2.0%)


17,758,611

17,658,152

0.6%


Consolidated

19,514,176

19,612,682

(0.5%)


139,331,198

141,120,244

(1.3%)










AVAILABLE SEAT MILES (000)









Domestic

9,826,232

10,108,451

(2.8%)


71,692,777

74,492,021

(3.8%)











International

9,612,403

9,551,482

0.6%


72,197,179

74,000,367

(2.4%)


Atlantic

4,502,499

4,398,120

2.4%


31,546,447

32,795,436

(3.8%)


Pacific

3,379,771

3,441,510

(1.8%)


25,935,416

26,514,164

(2.2%)


Latin

1,730,133

1,711,852

1.1%


14,715,316

14,690,767

0.2%











Mainline

19,438,635

19,659,933

(1.1%)


143,889,956

148,492,388

(3.1%)


Regional

2,886,542

2,988,265

(3.4%)


21,639,578

22,116,526

(2.2%)


Consolidated

22,325,177

22,648,198

(1.4%)


165,529,534

170,608,914

(3.0%)










PASSENGER LOAD FACTOR









Domestic

88.7%

88.5%

0.2 pts


86.3%

85.5%

0.8 pts











International

87.2%

85.8%

1.4 pts


82.6%

80.8%

1.8 pts


Atlantic

88.7%

84.7%

4.0 pts


81.8%

79.7%

2.1 pts


Pacific

87.6%

88.4%

(0.8) pts


84.1%

82.1%

2.0 pts


Latin

82.4%

83.5%

(1.1) pts


81.8%

80.8%

1.0 pts











Mainline

87.9%

87.2%

0.7 pts


84.5%

83.1%

1.4 pts


Regional

83.9%

82.7%

1.2 pts


82.1%

79.8%

2.3 pts


Consolidated

87.4%

86.6%

0.8 pts


84.2%

82.7%

1.5 pts










ONBOARD PASSENGERS (000)









Mainline

8,433

8,786

(4.0%)


62,037

64,498

(3.8%)


Regional

4,337

4,365

(0.6%)


31,973

31,620

1.1%


Consolidated

12,770

13,151

(2.9%)


94,010

96,118

(2.2%)










CARGO REVENUE TON MILES (000)









Total

162,296

194,465

(16.5%)


1,445,825

1,657,476

(12.8%)

 


Preliminary Financial Results 










July 2013 year-over-year consolidated PRASM change

3.8

%

July 2013 year-over-year mainline PRASM change

2.5

%

August 2013 estimated year-over-year consolidated PRASM change

3.5 - 4.5

%

August 2013 estimated year-over-year mainline PRASM change

3.0 - 4.0

%

August 2013 estimated consolidated average price per gallon of fuel, including the impact of all
cash settled hedges and fuel taxes

3.10

Dollars

Third Quarter 2013 estimated consolidated average price per gallon of fuel, including the
impact of all cash settled hedges and fuel taxes

3.11

Dollars










 Preliminary Operational Results 











2013

2012

Change

August On-Time Performance1

79.3%

72.3%

7.0

pts

August Completion Factor2

99.4%

98.5%

0.9

pts


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.

2 Mainline completion percentage

 


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 that 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 report are based upon information available to us on the date of this report. 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 aircraft fuel and energy refining capacity in relevant markets); our ability to cost-effectively hedge against increases in the price of aircraft 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; 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 UAL's 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.

(Logo: http://photos.prnewswire.com/prnh/20130404/MM89155LOGO)

SOURCE United Airlines

Add a Comment

News   More...

Start Premium Trial Register For Free

P F Fund Financial Data (13,000+ funds)
P F Stock Financial Data (7,000+ stocks)
P F Stock and Fund Screeners (basic)
P F Investing Articles and Market Commentary
P F Articles Archive (>30 days)
P F Discuss (dozens of stock, fund, bond, and general bulletin boards)
P F Portfolio Manager (basic)
P F Morningstar Investment Classroom
P F Access Your Portfolio Anytime, Anywhere via Your Mobile Device
P   Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)
P   Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)
P   Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)
P   Portfolio Monitor (monthly and on-demand personalized portfolio statements)
P   Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)
P   Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters
P   Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)
P   Discounts on Morningstar newsletters, books, seminars, and more

Sign-up to Morningstar


Basic Access

Articles and Videos
Morningstar video reports, articles, data, and tools. Dig into our lineup of e-newsletters and investing classroom courses outlining sensible strategies for maximizing your investments.
Morningstar Discuss
Follow the buzz on individual stocks or fund families. Plus, read the latest posts from Morningstar members and analysts.
Portfolio Manager
Track your investments and watch lists with our Portfolio Manager. Customize your view with our comprehensive stock, fund, and ETF data.

Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.

Unlimited Access

Analyst Research
Gather in-depth, actionable insight on over 3,700 stock and mutual funds covered by Morningstar analysts. View our mutual fund Analyst Reports favored by professionals, savvy experienced investors, and new investors researching options for retirement savings, college plans, or other investment needs.
Portfolio X-Ray®
Ensure your portfolio is positioned exactly how you want with Morningstar's X-Ray Interpreter and Stock Intersection tools. A Barron's "Best of the Web" award winner for five years running, X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. And you can discover how much of a stock you really own, individually and through mutual funds, with Stock Intersection.
Investment Picks
Find new 5-star stocks (greatly undervalued companies) to consider daily. Our 5-star stock rating is a proven winner, consistently beating benchmarks like the S&P 500. Plus, browse our Fund Analyst Picks and Stewardship Grades to find shareholder-friendly mutual funds that are poised for outperformance.
Portfolio Monitor
Get a clear view of your investments with personalized reports about your portfolio. Receive monthly statements and generate reports on-demand to help you stay on track to meet your investment goals.

Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.

Content Partners
Morningstar - - United Reports August 2013 Operational Performance
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: United Rentals, Inc. Third Quarter 2013 Conference Call and Audio Webcast  |  Next: United Reports December 2013 Operational Performance