United Reports June 2012 Operational Performance

               United Reports June 2012 Operational Performance

PR Newswire

CHICAGO, July 9, 2012

CHICAGO, July 9, 2012 /PRNewswire/ -- United Continental Holdings, Inc. (NYSE:
UAL) today reported June 2012 combined operational results for its airline
units. 

UAL's consolidated traffic (revenue passenger miles) in June 2012 increased
0.1 percent and consolidated capacity (available seat miles) decreased 0.3
percent versus June 2011. The company's consolidated load factor in June 2012
increased 0.4 points compared to June 2011.

UAL's June 2012 consolidated passenger revenue per available seat mile (PRASM)
increased an estimated 5.0 to 6.0 percent compared to June 2011. As previously
noted in its Investor Update issued June 28, 2012, the company recorded an
out-of-period adjustment in June 2012 related to a business interruption claim
from the 2011 Japanese earthquake and tsunami. This increased June 2012
year-over-year PRASM growth by approximately one percentage point. Subsequent
to that, the company recorded an accounting adjustment related to a
reconciliation of its air traffic liability for prior periods, which offset
the proceeds from the business interruption claim.  

About United

United Airlines and United Express operate an average of 5,605 flights a day
to 375 airports on six continents from our hubs in Chicago, Cleveland, Denver,
Guam, Houston, Los Angeles, New York/Newark, San Francisco, Tokyo and
Washington, D.C. In 2011, United carried more traffic than any other airline
in the world, and operated more than two million flights carrying 142 million
passengers. United is upgrading its cabins with more flat-bed seats in first
and business class and more extra-legroom economy-class seating than any other
airline in North America. United operates nearly 700 mainline aircraft and has
orders for more than 125 new aircraft deliveries from 2012 through 2019,
including 50 Boeing 787 Dreamliners and 25 Airbus A350XWBs. United was rated
the world's most admired airline on FORTUNE magazine's 2012 airline-industry
list of the World's Most Admired Companies. Readers of Global Traveler
magazine have voted United's MileagePlus program the best frequent flyer
program for eight consecutive years. United is a founding member of Star
Alliance, which provides service to 193 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
                   June                          Year-to-Date
                  2012       2011       Change  2012        2011        Change
 REVENUE
PASSENGER MILES
(000)
   Domestic       8,697,330  8,863,199  (1.9%)  45,778,992  46,353,427  (1.2%)
   International  8,123,555  7,973,308  1.9%    43,131,436  42,397,490  1.7%
   Atlantic       3,783,135  3,836,225  (1.4%)  18,591,285  18,897,780  (1.6%)
   Pacific        2,874,052  2,780,130  3.4%    15,789,947  15,110,802  4.5%
   Latin          1,466,368  1,356,953  8.1%    8,750,204   8,388,908   4.3%
   Mainline       16,820,885 16,836,507 (0.1%)  88,910,428  88,750,917  0.2%
   Regional       2,417,175  2,375,306  1.8%    12,687,488  12,458,291  1.8%
   Consolidated   19,238,060 19,211,813 0.1%    101,597,916 101,209,208 0.4%
AVAILABLE SEAT
MILES (000)
   Domestic       9,960,738  10,022,779 (0.6%)  54,212,102  55,135,294  (1.7%)
   International  9,384,401  9,351,877  0.3%    54,607,477  53,723,216  1.6%
   Atlantic       4,305,425  4,426,256  (2.7%)  23,939,748  24,381,347  (1.8%)
   Pacific        3,308,808  3,221,438  2.7%    19,635,611  18,552,543  5.8%
   Latin          1,770,168  1,704,183  3.9%    11,032,118  10,789,326  2.3%
   Mainline       19,345,139 19,374,656 (0.2%)  108,819,579 108,858,510 0.0%
   Regional       2,891,650  2,927,917  (1.2%)  16,140,719  16,319,976  (1.1%)
   Consolidated   22,236,789 22,302,573 (0.3%)  124,960,298 125,178,486 (0.2%)
PASSENGER LOAD
FACTOR
   Domestic       87.3%      88.4%       (1.1)  84.4%       84.1%       0.3 
                                        pts                             pts
   International  86.6%      85.3%      1.3     79.0%       78.9%       0.1 
                                        pts                             pts
   Atlantic       87.9%      86.7%      1.2     77.7%       77.5%       0.2 
                                        pts                             pts
   Pacific        86.9%      86.3%      0.6     80.4%       81.4%        (1.0)
                                        pts                             pt
   Latin          82.8%      79.6%      3.2     79.3%       77.8%       1.5 
                                        pts                             pts
   Mainline       87.0%      86.9%      0.1     81.7%       81.5%       0.2 
                                        pts                             pts
   Regional       83.6%      81.1%      2.5     78.6%       76.3%       2.3 
                                        pts                             pts
   Consolidated   86.5%      86.1%      0.4     81.3%       80.9%       0.4 
                                        pts                             pts
ONBOARD
PASSENGERS (000)
   Mainline       8,655      8,836      (2.0%)  46,734      47,527      (1.7%)
   Regional       4,327      4,173      3.7%    22,864      22,062      3.6%
   Consolidated   12,982     13,009     (0.2%)  69,598      69,589      0.0%
CARGO REVENUE TON
MILES (000)
   Total          210,403    215,430    (2.3%)  1,262,374   1,369,399   (7.8%)

 

Preliminary Financial Results
May 2012 year-over-year consolidated PRASM change                0.8   %
May 2012 year-over-year mainline PRASM change                    (0.4) %
June 2012 estimated year-over-year consolidated PRASM change     5.0 – %
                                                                 6.0
June 2012 estimated year-over-year mainline PRASM change         4.0 – %
                                                                 5.0
June 2012 estimated consolidated average price per gallon of     3.11  Dollars
fuel, including fuel taxes
Second Quarter 2012 estimated consolidated average price per     3.29  Dollars
gallon of fuel, including fuel taxes
 Preliminary Operational Results
                                               2012    2011(3)   Change
June On-Time Performance(1)                    70.1%   74.7%     (4.6) pts
June Completion Factor(2)                      98.5%   98.9%     (0.4) 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.

(3) In order to provide a meaningful year-over-year comparison, 2011
operational results are combined on a weighted departure basis for the
Company's two operating subsidiaries, United and Continental.  On a standalone
basis, United's June 2011 on-time performance and completion factor was 74.6%
and 98.1%, respectively, and Continental's June 2011 on-time performance and
completion factor was 74.8% and 99.8%, respectively.

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 release are based upon information
available to us on the date of this release. 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 aviation fuel and energy
refining capacity in relevant markets); our ability to cost-effectively hedge
against increases in the price of aviation 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; the costs associated
with security measures and practices; 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 our 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. Consequently,
forward-looking statements should not be regarded as representations or
warranties by us that such matters will be realized.

SOURCE United Continental Holdings, Inc.

Website: http://www.united.com
Contact: United Continental Holdings, Inc. Worldwide Media Relations,
+1-312-997-8640, media.relations@united.com