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United Airlines revenue down 20.3%, loss narrows in 3Q2009

21-Oct-2009 12:08 PM

United Airlines revenue down 20.3% - consolidated financial highlights for the three months ended 30-Sep-2009:

  • Operating revenue: USD4,433 million, -20.3% year-on-year;
  • Operating costs: USD4,345, -28.3%;
    • Fuel: USD1,064 million, -56.8%;
    • Labour: USD954 million, -8.0%;
  • Operating profit: USD88 million, compared to a loss of USD491 million in the previous corresponding period;
  • Net profit (loss): (USD57 million), compared to a loss of USD792 million in the previous corresponding period;
  • Passenger numbers: 22.1 million, -3.4%;
  • Passenger load factor: 84.9%, +2.5 ppts;
  • Passenger yield per RPM: USD 13.05 cents, -17.1%;
  • Passenger revenue per ASM: USD 11.10 cents, -14.7%;
  • Operating revenue per ASM: USD 11.97 cents, -15.5%;
  • Operating cost per ASM: USD 11.73 cents, -23.9%;
  • Operating cost per ASM ex-fuel and special items: USD 8.10 cents, -1.0%. [more]

United Airlines: “The company expects mainline CASM, excluding fuel, profit sharing and certain accounting charges for the full year 2009 to be down 0.5% to flat year-over-year. Since the company’s original guidance in January, it has reduced its projected full year mainline non-fuel costs by more than USD350 million. The company expects scheduled debt and capital lease payments of USD215 million and capital expenditures of approximately USD70 million for the fourth quarter 2009,” Company statement. Source: United Airlines, 20-Oct-2009.