United Continental Holdings Reports September 2011 Operational Performance for United and Continental
CHICAGO, Oct. 7, 2011 /PRNewswire via COMTEX/ -- United Continental Holdings, Inc. (NYSE: UAL) today reported September 2011 operational results for United Air Lines, Inc. and Continental Airlines, Inc.
United and Continental's combined consolidated traffic (revenue passenger miles) in September 2011 decreased 1.7 percent versus pro forma September 2010 results on a combined consolidated capacity (available seat miles) decrease of 1.0 percent. The carriers' combined consolidated load factor in September 2011 decreased 0.5 points compared to the pro forma results from the same period last year.
United and Continental's September 2011 combined consolidated and mainline passenger revenue per available seat mile (PRASM) increased an estimated 11.0 to 12.0 percent and 10.5 to 11.5 percent, respectively, as compared to the pro forma results from September 2010. As with June 2011 results, the impact of the trans-Atlantic joint venture revenue-sharing agreement, which is accounted for as Passenger Revenue and for the third quarter is entirely recorded in the month of September, reduced the company's September 2011 year-over-year PRASM growth. While this agreement became effective Jan. 1, 2010, the company finalized the agreement in the fourth quarter of 2010 and recorded all related activity as Other Operating Expense. Therefore, the 2010 revenue results do not reflect the negative impact of the joint venture obligation. Adjusting for the impact of the trans-Atlantic joint venture-related revenue adjustment in September 2010, the company estimates September 2011 consolidated PRASM increased approximately 13.0 to 14.0 percent year-over-year.
About United Continental Holdings, Inc.
United Continental Holdings, Inc. (NYSE: UAL) is the holding company for both United Airlines and Continental Airlines. Together with United Express, Continental Express and Continental Connection, these airlines operate an average of 5,765 flights a day to 377 airports on six continents from their hubs in Chicago, Cleveland, Denver, Guam, Houston, Los Angeles, New York/Newark Liberty, San Francisco, Tokyo and Washington, D.C. United and Continental are members of Star Alliance, which offers more than 21,200 daily flights to 1,185 airports in 185 countries. United and Continental's more than 80,000 employees reside in every U.S. state and in many countries around the world. For more information about United Continental Holdings, Inc., go to UnitedContinentalHoldings.com. For more information about the airlines, see united.com and continental.com or follow on Twitter and Facebook.
Posted: October 10, 2011