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United Reports February 2013 Operational Performance

United Continental Holdings, Inc. has added a news release to its Investor Relations website.

Title: United Reports February 2013 Operational Performance

Date(s): 7-Mar-2013 6:40 PM

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CHICAGO, March 7, 2013 /PRNewswire/ -- United Airlines (UAL) today reported February 2013 combined operational results for its airline units.

UAL's consolidated traffic (revenue passenger miles) in February 2013 decreased 3.4 percent and consolidated capacity (available seat miles) decreased 8.4 percent versus February 2012. UAL's consolidated load factor in February 2013 increased 4.1 points compared to February 2012.

UAL's February 2013 consolidated passenger revenue per available seat mile (PRASM) increased an estimated 6.5 to 7.5 percent compared to February 2012.

About United
United Airlines and United Express operate an average of 5,472 flights a day to 381 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 nearly 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. United is a founding member of Star Alliance, which provides service to 194 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.

Preliminary Operational Results

         
   

 February

 

 Year-to-Date

   

2013

2012

Change

 

2013

2012

Change

                 

 REVENUE PASSENGER MILES (000)

             
 

Domestic

6,268,837

6,529,901

(4.0%)

 

12,981,302

13,202,952

(1.7%)

                 
 

International

5,657,893

5,850,607

(3.3%)

 

12,482,740

12,635,654

(1.2%)

 

Atlantic

2,075,934

2,287,016

(9.2%)

 

4,668,699

5,006,287

(6.7%)

 

Pacific

2,295,117

2,238,713

2.5%

 

4,985,525

4,804,750

3.8%

 

Latin

1,286,842

1,324,878

(2.9%)

 

2,828,516

2,824,617

0.1%

                 
 

Mainline

11,926,730

12,380,508

(3.7%)

 

25,464,042

25,838,606

(1.4%)

 

Regional

1,808,449

1,833,188

(1.3%)

 

3,741,140

3,712,340

0.8%

 

Consolidated

13,735,179

14,213,696

(3.4%)

 

29,205,182

29,550,946

(1.2%)

                 

AVAILABLE SEAT MILES (000)

             
 

Domestic

7,519,334

8,142,171

(7.6%)

 

15,679,560

16,382,844

(4.3%)

                 
 

International

7,642,493

8,411,041

(9.1%)

 

16,345,000

17,329,613

(5.7%)

 

Atlantic

3,175,666

3,593,122

(11.6%)

 

6,733,335

7,469,168

(9.9%)

 

Pacific

2,794,447

3,073,095

(9.1%)

 

6,039,869

6,219,377

(2.9%)

 

Latin

1,672,380

1,744,824

(4.2%)

 

3,571,796

3,641,068

(1.9%)

                 
 

Mainline

15,161,827

16,553,212

(8.4%)

 

32,024,560

33,712,457

(5.0%)

 

Regional

2,294,914

2,501,713

(8.3%)

 

4,805,272

5,092,340

(5.6%)

 

Consolidated

17,456,741

19,054,925

(8.4%)

 

36,829,832

38,804,797

(5.1%)

                 

PASSENGER LOAD FACTOR

             
 

Domestic

83.4%

80.2%

3.2 pts

 

82.8%

80.6%

2.2 pts

                 
 

International

74.0%

69.6%

4.4 pts

 

76.4%

72.9%

3.5 pts

 

Atlantic

65.4%

63.6%

1.8 pts

 

69.3%

67.0%

2.3 pts

 

Pacific

82.1%

72.8%

9.3 pts

 

82.5%

77.3%

5.2 pts

 

Latin

76.9%

75.9%

1.0 pts

 

79.2%

77.6%

1.6 pts

                 
 

Mainline

78.7%

74.8%

3.9 pts

 

79.5%

76.6%

2.9 pts

 

Regional

78.8%

73.3%

5.5 pts

 

77.9%

72.9%

5.0 pts

 

Consolidated

78.7%

74.6%

4.1 pts

 

79.3%

76.2%

3.1 pts

                 

ONBOARD PASSENGERS (000)

             
 

Mainline

6,452

6,701

(3.7%)

 

13,471

13,717

(1.8%)

 

Regional

3,303

3,339

(1.1%)

 

6,814

6,652

2.4%

 

Consolidated

9,755

10,040

(2.8%)

 

20,285

20,369

(0.4%)

                 

CARGO REVENUE TON MILES (000)

             
 

Total

170,201

201,866

(15.7%)

 

340,391

394,835

(13.8%)

Preliminary Financial Results

                 

January 2013 year-over-year consolidated PRASM change

3.3

%

January 2013 year-over-year mainline PRASM change

2.6

%

February 2013 estimated year-over-year consolidated PRASM change

6.5 - 7.5

%

February 2013 estimated year-over-year mainline PRASM change

5.0 - 6.0

%

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

3.36

Dollars

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

3.30

Dollars

                 

 Preliminary Operational Results

                 
 

2013

2012

Change

February On-Time Performance1

80.8%

83.7%

(2.9)

pts

February Completion Factor2

98.0%

99.2%

(1.2)

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 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 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 demand; our capacity decisions and the capacity decisions of our competitors; U.S. or foreign governmental legislation, regulation and other actions; 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 the Company'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.

SOURCE United Airlines

 

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