Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
 January 11, 2016 - 5:30 PM EST
Print Email Article Font Down Font Up
United Reports December 2015 Operational Performance

CHICAGO, Jan. 11, 2016 /PRNewswire/ -- United Airlines (UAL) today reported December 2015 operational results.

UAL's December 2015 consolidated traffic (revenue passenger miles) increased 1.5 percent and consolidated capacity (available seat miles) increased 2.2 percent versus December 2014. UAL's December 2015 consolidated load factor decreased 0.5 points compared to December 2014.

About United

United Airlines and United Express operate an average of nearly 5,000 flights a day to 352 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 more than 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. Approximately 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








 December


Year-to-Date



2015

2014

Change


2015

2014

Change










 REVENUE PASSENGER MILES (000)









Domestic

7,763,750

7,475,993

3.8%


93,310,381

90,621,955

3.0%











International

7,348,858

7,190,719

2.2%


90,332,113

88,393,537

2.2%


Atlantic

2,587,269

2,674,077

(3.2%)


37,492,500

37,816,354

(0.9%)


Pacific

2,746,177

2,743,507

0.1%


33,299,439

32,436,250

2.7%


Latin

2,015,412

1,773,135

13.7%


19,540,174

18,140,933

7.7%











Mainline

15,112,608

14,666,712

3.0%


183,642,494

179,015,492

2.6%


Regional

2,036,267

2,222,396

(8.4%)


24,968,714

26,543,723

(5.9%)


Consolidated

17,148,875

16,889,108

1.5%


208,611,208

205,559,215

1.5%










AVAILABLE SEAT MILES (000)









Domestic

9,070,643

8,707,926

4.2%


108,140,642

105,385,056

2.6%











International

9,149,908

8,842,788

3.5%


111,848,191

108,720,099

2.9%


Atlantic

3,335,361

3,323,183

0.4%


47,188,858

46,962,844

0.5%


Pacific

3,369,717

3,376,541

(0.2%)


40,841,434

39,894,823

2.4%


Latin

2,444,830

2,143,064

14.1%


23,817,899

21,862,432

8.9%











Mainline

18,220,551

17,550,714

3.8%


219,988,833

214,105,155

2.7%


Regional

2,434,232

2,665,909

(8.7%)


30,014,601

31,915,444

(6.0%)


Consolidated

20,654,783

20,216,623

2.2%


250,003,434

246,020,599

1.6%










PASSENGER LOAD FACTOR









Domestic

85.6%

85.9%

(0.3) pts


86.3%

86.0%

0.3 pts











International

80.3%

81.3%

(1.0) pt


80.8%

81.3%

(0.5) pts


Atlantic

77.6%

80.5%

(2.9) pts


79.5%

80.5%

(1.0) pt


Pacific

81.5%

81.3%

0.2 pts


81.5%

81.3%

0.2 pts


Latin

82.4%

82.7%

(0.3) pts


82.0%

83.0%

(1.0) pt











Mainline

82.9%

83.6%

(0.7) pts


83.5%

83.6%

(0.1) pts


Regional

83.7%

83.4%

0.3 pts


83.2%

83.2%

0.0 pts


Consolidated

83.0%

83.5%

(0.5) pts


83.4%

83.6%

(0.2) pts










ONBOARD PASSENGERS (000)









Mainline

8,086

7,516

7.6%


96,327

91,475

5.3%


Regional

3,517

3,810

(7.7%)


44,042

46,554

(5.4%)


Consolidated

11,603

11,326

2.4%


140,369

138,029

1.7%










CARGO REVENUE TON MILES (000)









Total

223,908

224,393

(0.2%)


2,614,125

2,486,785

5.1%

 

Fourth Quarter Preliminary Fuel Costs Per Gallon


Estimated average price per gallon of fuel, excluding hedges

$1.52


   Operating cash-settled hedge loss price per gallon

$0.18


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

$1.70


     Non-operating cash-settled hedge loss price per gallon2

$0.12


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

$1.82





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

December On-Time Performance4

77.9%

72.4%

5.5

pts

December Completion Factor5

98.4%

99.2%

(0.8)

pts










4Based on domestic mainline scheduled flights arriving within 14 minutes of scheduled arrival time, according to data published in the DOT Air Travel Consumer Report

5Mainline 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," "goals" 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; the impact of any management changes; our CEO's health prognosis and return from medical leave; 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.

United Airlines logo.

Logo - http://photos.prnewswire.com/prnh/20130404/MM89155LOGO

 

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/united-reports-december-2015-operational-performance-300202606.html

SOURCE United Airlines


Source: PR Newswire (January 11, 2016 - 5:30 PM EST)

News by QuoteMedia
www.quotemedia.com