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Last $57.21 USD
Change Today -1.21 / -2.07%
Volume 4.8M
As of 8:04 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

united continental holdings (UAL) Key Developments

United Continental Holdings, Inc. Reports Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015

United Continental Holdings, Inc. reported unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total operating revenue of $9,914 million compared to $10,329 million a year ago. Operating income was $1,445 million compared to $906 million a year ago. Income before income taxes was $1,197 million compared to $791 million a year ago. Net income was $1,193 million or $3.14 per basic and diluted share compared to $789 million or $2.01 per diluted share a year ago. Income before income taxes and excluding special items was $1,264 million compared to $921 million a year ago. Net income, excluding special items was $1,260 million or $3.31 per diluted share compared to $919 million or $2.34 per diluted share a year ago. In the second quarter, the company generated $1.8 billion in operating cash flow, $474 million in free cash flow. Gross capital expenditures were approximately $1.26 billion, excluding fully reimbursable projects. Free cash flow was $0.5 billion. For the six months period, the company reported total operating revenue of $18,522 million compared to $19,025 million a year ago. Operating income was $2,186 million compared to $557 million a year ago. Income before income taxes was $1,708 million compared to $185 million a year ago. Net income was $1,701 million or $4.45 per diluted share compared to $180 million or $0.47 per diluted share a year ago. Income before income taxes and excluding special items was $1,849 million compared to $436 million a year ago. Net income, excluding special items was $1,842 million or $4.82 per diluted share compared to $430 million or $1.11 per diluted share a year ago. For the quarter, the company reported passengers of 36,231,000 compared to 35,837,000 a year ago. Revenue passenger miles were 54,289 million compared to 53,900 million a year ago. Available seat miles were 64,685 million compared to 63,214 million a year ago. Passenger load factor was 83.9% compared to 85.3% a year ago. For the six months period, the company reported passengers of 67,753,000 compared to 67,737,000 a year ago. Revenue passenger miles were 100,733 million compared to 100,283 million a year ago. Available seat miles were 121,954 million compared to 120,430 million a year ago. Passenger load factor was 82.6% compared to 83.3% a year ago. For the third quarter of 2015, the company expects pre-tax margin to be between 13.5% to 15.5%, excluding special items, driven by continuing cost discipline and lower oil prices.

United Continental Holdings, Inc., Q2 2015 Earnings Call, Jul 23, 2015

United Continental Holdings, Inc., Q2 2015 Earnings Call, Jul 23, 2015

United Continental Holdings Provides Earnings Guidance for the Second Quarter Ended June 30, 2015

United Continental Holdings provided earnings guidance for the second quarter ended June 30, 2015. The company expects a pretax margin of 12% to 13% for the quarter ended June 30. Its prior forecast was for a pretax margin of 12% to 14%. It expects passenger revenue per available seat mile to be down between 5.25% and 5.75% year-over-year, within the range of the prior outlook. Gross capital expenditures are now seen higher, between $1.24 billion and $1.26 billion, from prior guidance of $885 million to $905 million.

United Airlines Announces Consolidated Traffic Results for the Month and Year to Date Ended June 2015

United Airlines announced consolidated traffic results for the month and year to date ended June 2015. For the month, the company reported revenue passenger miles of 19,359,667,000 against 19,118,659,000 a year ago. Available seat miles were 22,438,012,000 against 21,960,221,000 a year ago. Passenger load factor was 86.3% against 87.1% a year ago. Onboard passengers were 12,643,000 against 12,484,000 a year ago. Cargo revenue ton miles were 209,431,000 against 202,624,000 a year ago. For the year to date, the company reported revenue passenger miles of 100,733,481,000 against 100,283,326,000 a year ago. Available seat miles were 121,953,672,000 against 120,429,803,000 a year ago. Passenger load factor was 82.6% against 83.3% a year ago. Onboard passengers were 67,753,000 against 67,737,000 a year ago. Cargo revenue ton miles were 1,295,178,747,000 against 1,188,569,000 a year ago.

Airline Customers Files Federal Class-Action Lawsuit Against Southwest Airlines, American Airlines, Delta Airlines and United Airlines

A group of airline customers has filed a federal class-action lawsuit in Dallas accusing four major U.S. airlines of violating antitrust laws by conspiring to artificially inflate airfares in order to reap huge profits. According to the lawsuit, Southwest Airlines and American Airlines, Atlanta's Delta Airlines and United Airlines conspired to restrict capacity by limiting routes and the number of available seats in order to charge artificially high prices. The lawsuit describes a series of economic conditions that should have resulted in more available airline seats and lower ticket prices, including increasing public demand for airline seats and the fact that airlines paid at least $1.50 per gallon less for jet fuel in 2014 compared to 2013. Instead, the supply of seats has remained virtually flat and airline fares skyrocketed at an inflation-adjusted rate of 13% from 2009 to 2014.

 

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UAL Competitors

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Company Last Change
Air China Ltd CNY14.50 CNY -0.86
American Airlines Group Inc $40.73 USD -0.44
Delta Air Lines Inc $44.18 USD -0.73
Deutsche Lufthansa AG €12.71 EUR -0.033
Southwest Airlines Co $35.52 USD -0.54
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Industry Analysis

UAL

Industry Average

Valuation UAL Industry Range
Price/Earnings 8.5x
Price/Sales 0.6x
Price/Book 5.4x
Price/Cash Flow 5.0x
TEV/Sales 0.1x
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