United Continental Holdings, Inc.
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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