United Reports September 2013 Operational Performance
CHICAGO, Oct. 7, 2013 /PRNewswire/ — United Airlines (UAL) today reported September 2013 operational results.
UAL’s September 2013 consolidated traffic (revenue passenger miles) increased 1.0 percent and consolidated capacity (available seat miles) increased 0.2 percent versus September 2012. UAL’s September 2013 consolidated load factor increased 0.6 points compared to September 2012.
UAL’s September 2013 consolidated passenger revenue per available seat mile (PRASM) is estimated to be approximately flat compared to September 2012. The Company recorded an adjustment in September related to yields on certain interline tickets from prior periods, which reduced year-over-year consolidated PRASM by more than 1 percentage point in the month of September. Also in September, additional competitive capacity in China resulted in lower Pacific yields.
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 September Year-to-Date --------- ------------ 2013 2012 Change 2013 2012 Change ---- ---- ------ ---- ---- ------ REVENUE PASSENGER MILES (000) Domestic 7,213,000 7,195,759 0.2% 69,119,393 70,887,865 (2.5%) International 7,261,011 7,202,971 0.8% 66,927,205 66,972,957 (0.1%) Atlantic 3,622,593 3,421,995 5.9% 29,436,763 29,555,453 (0.4%) Pacific 2,665,869 2,791,642 (4.5%) 24,473,811 24,554,288 (0.3%) Latin 972,549 989,334 (1.7%) 13,016,631 12,863,216 1.2% Mainline 14,474,011 14,398,730 0.5% 136,046,598 137,860,822 (1.3%) Regional 2,182,650 2,099,556 4.0% 19,941,261 19,757,708 0.9% Consolidated 16,656,661 16,498,286 1.0% 155,987,859 157,618,530 (1.0%) AVAILABLE SEAT MILES (000) Domestic 8,650,278 8,784,995 (1.5%) 80,343,055 83,277,016 (3.5%) International 8,796,533 8,676,957 1.4% 80,993,712 82,677,324 (2.0%) Atlantic 4,261,925 4,091,227 4.2% 35,808,372 36,886,663 (2.9%) Pacific 3,254,908 3,317,209 (1.9%) 29,190,324 29,831,373 (2.1%) Latin 1,279,700 1,268,521 0.9% 15,995,016 15,959,288 0.2% Mainline 17,446,811 17,461,952 (0.1%) 161,336,767 165,954,340 (2.8%) Regional 2,686,639 2,623,622 2.4% 24,326,217 24,740,148 (1.7%) Consolidated 20,133,450 20,085,574 0.2% 185,662,984 190,694,488 (2.6%) PASSENGER LOAD FACTOR Domestic 83.4% 81.9% 1.5 pts 86.0% 85.1% 0.9 pts International 82.5% 83.0% (0.5) pts 82.6% 81.0% 1.6 pts Atlantic 85.0% 83.6% 1.4 pts 82.2% 80.1% 2.1 pts Pacific 81.9% 84.2% (2.3) pts 83.8% 82.3% 1.5 pts Latin 76.0% 78.0% (2.0) pts 81.4% 80.6% 0.8 pts Mainline 83.0% 82.5% 0.5 pts 84.3% 83.1% 1.2 pts Regional 81.2% 80.0% 1.2 pts 82.0% 79.9% 2.1 pts Consolidated 82.7% 82.1% 0.6 pts 84.0% 82.7% 1.3 pts ONBOARD PASSENGERS (000) Mainline 7,137 7,286 (2.0%) 69,174 71,784 (3.6%) Regional 3,955 3,782 4.6% 35,928 35,402 1.5% Consolidated 11,092 11,068 0.2% 105,102 107,186 (1.9%) CARGO REVENUE TON MILES (000) Total 168,613 201,285 (16.2%) 1,614,438 1,858,761 (13.1%) Preliminary Financial Results August 2013 year-over-year consolidated PRASM change 3.9% August 2013 year-over-year mainline PRASM change 3.3% September 2013 estimated year-over-year consolidated PRASM change Approximately flat % September 2013 estimated year-over-year mainline PRASM change (1.0) - (2.0) % September 2013 estimated consolidated average price per gallon of fuel, including the impact of all cash settled hedges and fuel taxes 3.19 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 September On-Time Performance(1) 84.7% 82.0% 2.7 pts September Completion Factor(2) 99.4% 99.4% 0.0 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.
SOURCE United Airlines