United Reports July 2015 Operational Performance

Aug 10, 2015, 17:07 ET from United Airlines

CHICAGO, Aug. 10, 2015 /PRNewswire/ -- United Airlines (UAL) today reported July 2015 operational results.

UAL's July 2015 consolidated traffic (revenue passenger miles) increased 2.8 percent and consolidated capacity (available seat miles) increased 2.4 percent versus July 2014. UAL's July 2015 consolidated load factor increased 0.3 points compared to July 2014.

About United

United Airlines and United Express operate an average of nearly 5,000 flights a day to 362 airports across six continents. In 2014, United and United Express operated nearly two million flights carrying 138 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C. United operates nearly 700 mainline aircraft, and this year, the airline anticipates taking delivery of 34 new Boeing aircraft, including the 787-9 and the 737-900ER. United is also welcoming 49 new Embraer E175 aircraft to United Express. The airline is a founding member of Star Alliance, which provides service to 192 countries via 28 member airlines. More than 84,000 United employees reside in every U.S. state and in countries around the world. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol UAL.

 

 Preliminary Operational Results








 July


Year-to-Date



2015

2014

Change


2015

2014

Change










 REVENUE PASSENGER MILES (000)









Domestic

9,084,764

8,689,432

4.5%


53,630,825

53,033,420

1.1%











International

9,127,005

8,723,357

4.6%


53,099,860

51,817,734

2.5%


Atlantic

4,148,144

3,909,921

6.1%


21,460,197

21,714,390

(1.2%)


Pacific

2,996,672

2,923,721

2.5%


19,630,885

18,862,735

4.1%


Latin

1,982,189

1,889,715

4.9%


12,008,778

11,240,609

6.8%











Mainline

18,211,769

17,412,789

4.6%


106,730,685

104,851,154

1.8%


Regional

2,250,812

2,485,522

(9.4%)


14,465,377

15,330,483

(5.6%)


Consolidated

20,462,581

19,898,311

2.8%


121,196,062

120,181,637

0.8%










AVAILABLE SEAT MILES (000)









Domestic

10,222,420

9,865,631

3.6%


62,270,345

61,204,252

1.7%











International

10,651,412

10,157,800

4.9%


65,776,813

63,808,538

3.1%


Atlantic

4,826,553

4,595,740

5.0%


27,384,124

27,405,807

(0.1%)


Pacific

3,561,769

3,433,941

3.7%


23,808,178

22,965,170

3.7%


Latin

2,263,090

2,128,119

6.3%


14,584,511

13,437,561

8.5%











Mainline

20,873,832

20,023,431

4.2%


128,047,158

125,012,790

2.4%


Regional

2,635,612

2,926,121

(9.9%)


17,415,958

18,366,565

(5.2%)


Consolidated

23,509,444

22,949,552

2.4%


145,463,116

143,379,355

1.5%










PASSENGER LOAD FACTOR









Domestic

88.9%

88.1%

0.8 pts


86.1%

86.6%

(0.5) pts











International

85.7%

85.9%

(0.2) pts


80.7%

81.2%

(0.5) pts


Atlantic

85.9%

85.1%

0.8 pts


78.4%

79.2%

(0.8) pts


Pacific

84.1%

85.1%

(1.0) pt


82.5%

82.1%

0.4 pts


Latin

87.6%

88.8%

(1.2) pts


82.3%

83.7%

(1.4) pts











Mainline

87.2%

87.0%

0.2 pts


83.4%

83.9%

(0.5) pts


Regional

85.4%

84.9%

0.5 pts


83.1%

83.5%

(0.4) pts


Consolidated

87.0%

86.7%

0.3 pts


83.3%

83.8%

(0.5) pts










ONBOARD PASSENGERS (000)









Mainline

9,280

8,673

7.0%


55,516

53,754

3.3%


Regional

3,993

4,342

(8.0%)


25,510

26,998

(5.5%)


Consolidated

13,273

13,015

2.0%


81,026

80,752

0.3%










CARGO REVENUE TON MILES (000)









Total

216,250

212,167

1.9%


1,511,428

1,400,736

7.9%

 




Third Quarter Preliminary Fuel Costs Per Gallon



Estimated average price per gallon of fuel, excluding hedges

$1.73 - $1.78

   Operating cash-settled hedge loss price per gallon

$0.15

Estimated average price per gallon of fuel, including operating cash-settled hedges1

$1.88 - $1.93

     Non-operating cash-settled hedge loss price per gallon2

$0.09

Estimated average price per gallon of fuel, including all cash-settled hedges3

$1.97 - $2.02


1This price per gallon corresponds to fuel expense in the income statement

2This price per gallon corresponds to the impact of non-operating hedges that appear in non-operating expense in the income statement

3This price per gallon corresponds to the total economic cost of the company's fuel consumption including all cash-settled hedges but does not directly correspond to fuel expense in the income statement










 Preliminary Operational Results











2015

2014

Change

July On-Time Performance1

73.5%

74.9%

(1.4)

pts

July Completion Factor2

99.0%

98.7%

0.3

pts


1Based on domestic mainline scheduled flights arriving within 14 minutes of scheduled arrival time, according to data published in the DOT Air Travel Consumer Report

2Mainline completion percentage

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements included in this investor update 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, including optimizing our revenue; 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); the impact of regulatory, investigative and legal proceedings and legal compliance risks; 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; 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.

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SOURCE United Airlines



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