Market Overview

United Reports 2.3% Decrease in Traffic For November

United Continental Holdings, Inc. (NYSE: UAL) today reported November 2012 combined operational results for its airline units.

UAL's consolidated traffic (revenue passenger miles) in November 2012 decreased 2.3 percent and consolidated capacity (available seat miles) decreased 2.6 percent versus November 2011. UAL's consolidated load factor in November 2012 increased 0.3 points compared to November 2011.

UAL's November 2012 consolidated passenger revenue per available seat mile (PRASM) decreased an estimated 1.0 to 2.0 percent compared to November 2011.

Superstorm Sandy reduced revenue by approximately $50 million and reduced consolidated PRASM by approximately 2 points year-over-year in November, which is included in the PRASM estimate above.

About United

United Airlines and United Express operate an average of 5,557 flights a day to 378 airports on six continents from the airline's hubs in Chicago, Cleveland, Denver, Guam, Houston, Los Angeles, New York/Newark, San Francisco, Tokyo and Washington, D.C. In 2011, United carried more traffic than any other airline in the world, and operated more than two million flights carrying 142 million passengers. United is upgrading its cabins with more flat-bed seats in first and business class and more extra-legroom economy-class seating than any other airline in North America. United now has 180 airplanes featuring DIRECTV®, offering customers more live television access than any other airline in the world. United operates nearly 700 mainline aircraft and has orders for more than 270 new aircraft deliveries through 2022. In 2012, United was the first North American airline to take delivery of new Boeing 787 Dreamliner aircraft. United was rated the world's most admired airline on FORTUNE magazine's 2012 airline-industry list of the World's Most Admired Companies. Readers of Global Traveler magazine have voted United's MileagePlus program the best frequent flyer program for eight consecutive years. United is a founding member of Star Alliance, which provides service to 193 countries via 27 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

November Year-to-Date

2012 2011 Change 2012 2011 Change

REVENUE PASSENGER MILES (000)

Domestic 7,007,817 7,238,625 (3.2%) 85,359,849 87,317,293 (2.2%)

International 6,149,948 6,306,534 (2.5%) 79,922,142 79,711,493 0.3%

Atlantic 2,511,341 2,704,953 (7.2%) 35,059,258 36,390,111 (3.7%)

Pacific 2,439,537 2,448,408 (0.4%) 29,759,698 28,734,165 3.6%

Latin 1,199,070 1,153,173 4.0% 15,103,186 14,587,217 3.5%

Mainline 13,157,765 13,545,159 (2.9%) 165,281,991 167,028,786 (1.0%)

Regional 2,044,959 2,017,593 1.4% 23,996,964 23,619,783 1.6%

Consolidated 15,202,724 15,562,752 (2.3%) 189,278,955 190,648,569 (0.7%)

AVAILABLE SEAT MILES (000)

Domestic 8,374,572 8,577,653 (2.4%) 100,358,147 102,422,962 (2.0%)

International 7,746,229 8,019,554 (3.4%) 98,887,420 98,994,955 (0.1%)

Atlantic 3,307,358 3,498,742 (5.5%) 43,994,516 45,491,362 (3.3%)

Pacific 2,980,218 3,061,718 (2.7%) 36,163,580 35,047,304 3.2%

Latin 1,458,653 1,459,094 0.0% 18,729,324 18,456,289 1.5%

Mainline 16,120,801 16,597,207 (2.9%) 199,245,567 201,417,917 (1.1%)

Regional 2,535,825 2,560,015 (0.9%) 29,949,597 30,313,890 (1.2%)

Consolidated 18,656,626 19,157,222 (2.6%) 229,195,164 231,731,807 (1.1%)

PASSENGER LOAD FACTOR

Domestic 83.7% 84.4% (0.7) pts 85.1% 85.3% (0.2) pts

International 79.4% 78.6% 0.8 pts 80.8% 80.5% 0.3 pts

Atlantic 75.9% 77.3% (1.4) pts 79.7% 80.0% (0.3) pts

Pacific 81.9% 80.0% 1.9 pts 82.3% 82.0% 0.3 pts

Latin 82.2% 79.0% 3.2 pts 80.6% 79.0% 1.6 pts

Mainline 81.6% 81.6% 0.0 pts 83.0% 82.9% 0.1 pts

Regional 80.6% 78.8% 1.8 pts 80.1% 77.9% 2.2 pts

Consolidated 81.5% 81.2% 0.3 pts 82.6% 82.3% 0.3 pts

ONBOARD PASSENGERS (000)

Mainline 7,035 7,341 (4.2%) 86,264 88,580 (2.6%)

Regional 3,732 3,596 3.8% 43,100 41,661 3.5%

Consolidated 10,767 10,937 (1.6%) 129,364 130,241 (0.7%)

CARGO REVENUE TON MILES (000)

Total 197,018 208,036 (5.3%) 2,260,972 2,421,708 (6.6%)

Preliminary Financial Results

October 2012 year-over-year consolidated PRASM change 0.8 % October 2012 year-over-year mainline PRASM change (0.4) % November 2012 estimated year-over-year consolidated PRASM change (1.0) - (2.0) % November 2012 estimated year-over-year mainline PRASM change (1.5) - (2.5) % November 2012 estimated consolidated average price per gallon of fuel, including fuel taxes 3.21 Dollars Fourth Quarter 2012 estimated consolidated average price per gallon of fuel, including fuel taxes 3.30 Dollars

Preliminary Operational Results

2012 20113 Change November On-Time Performance1 85.5% 82.6% 2.9 pts November Completion Factor2 98.6% 99.6% (1.0) 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.

3 In order to provide a meaningful year-over-year comparison, 2011 operational results are combined on a weighted departure basis for the Company's two operating subsidiaries, United and Continental. On a standalone basis, United's November 2011 on-time performance and completion factor was 82.9% and 99.3%, respectively, and Continental's November 2011 on-time performance and completion factor was 82.2% and 99.7%, respectively.

Posted-In: News

 

Related Articles (UAL)

Around the Web, We're Loving...

Get Benzinga's Newsletters