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October 13, 2015 5:44 AM ET


Company Overview of United Airlines, Inc.

Company Overview

United Airlines, Inc. offers passenger and cargo air transportation services. As of June 16, 2015, the company operated approximately 700 mainline aircraft. It operates flights to destinations in the United States, Canada, and Latin America, as well as in the Atlantic and Pacific regions. The company was formerly known as Continental Airlines, Inc. and changed its name to United Airlines, Inc. in March 2013. The company was founded in 1934 and is headquartered in Chicago, Illinois. United Airlines, Inc. is a subsidiary of United Continental Holdings, Inc.

233 South Wacker Drive

Chicago, IL 60606

United States

Founded in 1934

84,000 Employees



Key Executives for United Airlines, Inc.

Chief Executive Officer, President, Director, Member of Executive Committee and Member of Finance Committee
Age: 56
Acting Chief Financial Officer, Senior Vice President of Finance & Procurement and Treasurer
Age: 57
Chief Operations Officer and Executive Vice President
Age: 49
Chief Marketing Officer, Senior Vice President and President of Mileage Plus Holdings LLC
Age: 57
Vice Chairman and Chief Revenue Officer
Age: 59
Compensation as of Fiscal Year 2015.

United Airlines, Inc. Key Developments

United Airlines, Inc. Provides Earnings Guidance for the Third Quarter of 2015; Revises Consolidated Operational Guidance for the Third Quarter of 2015 ; Announces Operational Results for the Month and Year to Date Ended September 2015

United Airlines, Inc. provided earnings guidance for the third quarter of 2015. For the quarter the company expects pre-tax margin to be in the range of 16% to 17%. Gross capital expenditure was expected to be in the range of $695 million to $715 million. Revenue in expected to decrease by 5.5% to 6% compare to last year. Third-quarter 2015 passenger revenue performance year-over-year was primarily impacted by a strong U.S. dollar, lower surcharges, travel reductions from energy dependent corporate customers and a softening in domestic yields. The company expects to reverse its tax valuation allowance in the third quarter, resulting in a special non-cash income tax benefit ranging from approximately $3.1 billion to $3.3 billion. The Company currently expects to record minimal cash income taxes in third-quarter and full-year 2015. Beginning in 2016, the Company expects to record income taxes at an effective rate of approximately 36% to 37%. The company revised consolidated operational guidance for the third quarter of 2015. In the third quarter, better-than-expected completion factor resulted in consolidated capacity that was in the higher end of the company’s original guidance range provided on July 23, 2015. The company expects total consolidated capacity to be at 59,002. The company expects total consolidated traffic to be at 57,190. The company expects total consolidated load factor to be in the range of 85.6% The company also announced operational result for the month and year to date ended September 2015. For the month, the company reported revenue passenger miles at 16,864,805,000 against 16,625,922,000 a year ago. Consolidated available seat miles were 20,334,803,000 against 20,049,100,000 a year ago. Consolidated load factor was 82.9% against 82.9% a year ago. Consolidated on board Passenger were 11,317,000 against 10,994,000 a year ago. For the year to date, the company reported revenue passenger miles at 157,892980,000 against 156,347,556,000 a year ago. Consolidated available seat miles were 188,699,284,000 against 185,808,079,000 a year ago. Consolidated load factor was 83.7% against 84.1% a year ago. Consolidated on board Passenger were 105,217,000 against 104,472,000 a year ago.

United Airlines Wins $18.07 Task Order Contract

United Airlines, Elk Grove Village, Illinois, was awarded an $18,066,800 task order by the U.S. Transportation Command, Scott Air Force Base, Illinois, for domestic charter airlift services.

United Continental Holdings, Inc., United Airlines, Inc., and MileagePlus Holdings LLC Enter into Second Amended and Restated Co-Branded Card Marketing Services Agreement with Chase Bank USA, N.A

On September 11, 2015, United Continental Holdings, Inc., United Airlines, Inc., and Mileage Plus Holdings, LLC, and United entered into a Second Amended and Restated Co-Branded Card Marketing Services Agreement with Chase Bank USA, N.A., pursuant to which members of the Company's MileagePlus loyalty program earn frequent flyer miles for making purchases using a MileagePlus credit card issued by Chase. The Agreement provides for joint marketing and other support for the MileagePlus credit card. The Agreement, which replaces the prior co-branded card marketing services agreement among UCH, United, MPH and Chase, also extends the term of the agreement and modifies certain other terms of the agreement. In connection with the Agreement, United and MPH entered into an amendment and extension of their Amended and Restated Co-Branded Card Strategic Alliance Agreement with Visa U.S.A., Inc., and United amended and extended its Merchant Services Bankcard Agreement with JPMorgan Chase Bank, N.A. and Paymentech LLC.

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