UPDATE: United Continental Announces Live Webcast for Q4 Results, Announces Expected Charges
United Continental Holdings, Inc. (NYSE: UAL) will hold a conference call to discuss fourth-quarter 2012 financial results on Thursday, Jan. 24, 2013, at 9:30 a.m. CT/10:30 a.m. ET. A live, listen-only webcast of the conference call will be available at ir.united.com.
The webcast will be available for replay within 24 hours of the conference call and then archived on the website for a limited time.
Fourth-Quarter Special Charges
UAL expects to record special charges of $439 million ($430 million, net of income taxes) during the fourth quarter of 2012. Details are as follows (in millions):
Three Months Ended Dec. 31, 2012 Integration-related costs $408 Impairment 24 Labor agreement costs 21 Gains on sale of assets, net (14) Total special charges $439 Income tax benefit 9 Total special charges, net of taxes $430
Integration-related costs: Integration-related costs include compensation costs related to systems integration and training, costs to repaint aircraft and other branding activities, relocation costs for employees and severance primarily associated with administrative headcount reductions, which totaled approximately $99 million during the fourth quarter of 2012.
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