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UAL Corp revenue up 14.9%, back in the black in 1Q2010

28-Apr-2010 2:47 PM

UAL Corp revenue up 14.9% - consolidated financial highlights for the three months ended 31-Mar-2010:

  • Total operating revenue: USD4,241 million, +14.9% year-on-year;
  • Total operating costs: USD4,172 million, +5.0%;
    • Fuel: USD958 million, +19.9%;
    • Labour: USD948 million, +2.9%;
  • Operating profit: USD69 million, compared with a loss of USD282 million in the previous corresponding period;
  • Net profit (loss): (USD82 million), compared with a loss of USD382 million in the previous corresponding period;
  • Passenger numbers: 18.8 million, +0.8%;
    • Mainline: 12.4 million, -5.5%;
  • Passenger load factor: 80.4%, +4.7 ppts;
    • Mainline: 81.3%, +5.0 pts;
  • Breakeven load factor: 78.9%, -3.2 ppts;
  • Passenger yield: USD 14.56 cents, +12.2%;
    • Mainline: USD 13.17 cents, +11.9%;
  • Operating revenue per ASM: USD 12.87 cents, +18.8%;
    • Mainline: USD 12.08 cents, +19.5%;
  • Passenger revenue per ASM: USD 11.73 cents, +19.0%;
    • Mainline: USD 10.75 cents, +19.3%;
  • Operating cost per ASM: USD 12.66 cents, +8.6%;
    • Mainline: USD 11.92 cents, +8.3%;
  • Cost per ASM excl special items, other charges and non-cash, net mark-to-market impact and fuel: USD8.94 cents, +4.8%. [more - SEC Filing]

UAL Corp: "We are pleased to report an operating profit in what is traditionally a weak quarter for United compared to our peers, clearly reflective of our commitment to drive systemic improvements that are delivering results across the company. We are committed to margin leadership, having produced the best net margin of the five major carriers this quarter, and are doing the work to put our company on the path to sustained profitability,” Glenn Tilton, Chairman, President & CEO. Source: UAL Corp, 27-Apr-2010.