Last updated on April 21, 2014 at 1:20 EDT

United Reports February 2013 Operational Performance

March 7, 2013

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
                                                                       ----          ----   ------                ----       ----   ------


                                   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%)


                                   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%)


                                   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


                                   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%)


                                   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                                               3.36          Dollars
    all cash settled hedges and fuel taxes

    First Quarter 2013 estimated consolidated average price per gallon of fuel, including the impact                                             3.30  Dollars
    of all cash settled hedges and fuel taxes

                                                                                              Preliminary Operational Results

                                                                                                                                2013  2012  Change

    February On-Time Performance(1)                                                                                             80.8% 83.7%      (2.9) pts

    February Completion Factor(2)                                                                                               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

Source: PR Newswire