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United Reports August 2013 Operational Performance



              United Reports August 2013 Operational Performance

PR Newswire

CHICAGO, Sept. 9, 2013

CHICAGO, Sept. 9, 2013 /PRNewswire/ -- United Airlines (UAL) today reported
August 2013 operational results.

UAL's August 2013 consolidated traffic (revenue passenger miles) decreased 0.5
percent and consolidated capacity (available seat miles) decreased 1.4 percent
versus August 2012. UAL's August 2013 consolidated load factor increased 0.8
points compared to August 2012.

UAL's August 2013 consolidated passenger revenue per available seat mile
(PRASM) increased an estimated 3.5 to 4.5 percent compared to August 2012.
Weakness in the Pacific entity, primarily driven by the yen depreciation,
reduced consolidated PRASM by approximately one percentage point in August.

About United
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
                 August                         Year-to-Date
                2013       2012       Change   2013        2012        Change
 REVENUE
PASSENGER MILES
(000)
  Domestic      8,712,264  8,943,918  (2.6%)   61,906,393  63,692,106  (2.8%)
  International 8,380,273  8,197,812  2.2%     59,666,194  59,769,986  (0.2%)
  Atlantic      3,994,742  3,726,781  7.2%     25,814,170  26,133,458  (1.2%)
  Pacific       2,959,415  3,042,114  (2.7%)   21,807,942  21,762,646  0.2%
  Latin         1,426,116  1,428,917  (0.2%)   12,044,082  11,873,882  1.4%
  Mainline      17,092,537 17,141,730 (0.3%)   121,572,587 123,462,092 (1.5%)
  Regional      2,421,639  2,470,952  (2.0%)   17,758,611  17,658,152  0.6%
  Consolidated  19,514,176 19,612,682 (0.5%)   139,331,198 141,120,244 (1.3%)
AVAILABLE SEAT
MILES (000)
  Domestic      9,826,232  10,108,451 (2.8%)   71,692,777  74,492,021  (3.8%)
  International 9,612,403  9,551,482  0.6%     72,197,179  74,000,367  (2.4%)
  Atlantic      4,502,499  4,398,120  2.4%     31,546,447  32,795,436  (3.8%)
  Pacific       3,379,771  3,441,510  (1.8%)   25,935,416  26,514,164  (2.2%)
  Latin         1,730,133  1,711,852  1.1%     14,715,316  14,690,767  0.2%
  Mainline      19,438,635 19,659,933 (1.1%)   143,889,956 148,492,388 (3.1%)
  Regional      2,886,542  2,988,265  (3.4%)   21,639,578  22,116,526  (2.2%)
  Consolidated  22,325,177 22,648,198 (1.4%)   165,529,534 170,608,914 (3.0%)
PASSENGER LOAD
FACTOR
  Domestic      88.7%      88.5%      0.2 pts  86.3%       85.5%       0.8 pts
  International 87.2%      85.8%      1.4 pts  82.6%       80.8%       1.8 pts
  Atlantic      88.7%      84.7%      4.0 pts  81.8%       79.7%       2.1 pts
  Pacific       87.6%      88.4%      (0.8)    84.1%       82.1%       2.0 pts
                                      pts
  Latin         82.4%      83.5%      (1.1)    81.8%       80.8%       1.0 pts
                                      pts
  Mainline      87.9%      87.2%      0.7 pts  84.5%       83.1%       1.4 pts
  Regional      83.9%      82.7%      1.2 pts  82.1%       79.8%       2.3 pts
  Consolidated  87.4%      86.6%      0.8 pts  84.2%       82.7%       1.5 pts
ONBOARD
PASSENGERS
(000)
  Mainline      8,433      8,786      (4.0%)   62,037      64,498      (3.8%)
  Regional      4,337      4,365      (0.6%)   31,973      31,620      1.1%
  Consolidated  12,770     13,151     (2.9%)   94,010      96,118      (2.2%)
CARGO REVENUE
TON MILES (000)
  Total         162,296    194,465    (16.5%)  1,445,825   1,657,476   (12.8%)

 

Preliminary Financial Results 
July 2013 year-over-year consolidated PRASM change            3.8      %
July 2013 year-over-year mainline PRASM change                2.5      %
August 2013 estimated year-over-year consolidated PRASM       3.5 -    %
change                                                        4.5
August 2013 estimated year-over-year mainline PRASM change    3.0 -    %
                                                              4.0
August 2013 estimated consolidated average price per gallon
of fuel, including the impact of all                          3.10     Dollars
cash settled hedges and fuel taxes
Third Quarter 2013 estimated consolidated average price per
gallon of fuel, including the                                 3.11     Dollars
impact of all cash settled hedges and fuel taxes
 Preliminary Operational Results 
                                          2013      2012      Change
August On-Time Performance^1              79.3%     72.3%     7.0      pts
August Completion Factor^2                99.4%     98.5%     0.9      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.

(Logo: http://photos.prnewswire.com/prnh/20130404/MM89155LOGO)

SOURCE United Airlines

Website: http://www.united.com
Website: http://ir.united.com
Contact: United Airlines Worldwide Media Relations, +1-872-825-8640,
media.relations@united.com
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