25-Apr-2014 7:18 AM
United Continental Holdings disappointed with 1Q2014 results as losses widen
United Continental Holdings revenue stable - financial highlights for three months ended 31-Mar-2014:
- Total operating revenue: USD8696 million, -0.3% year-on-year;
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- Passenger: USD7384 million, -2.3%;
- Cargo: USD209 million, -7.9%;
- Total operating costs: USD9045 million, +0.7%;
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- Fuel: USD2917 million, -4.4%;
- Labour: USD2153 million, +1.2%;
- Operating profit (loss): (USD349 million), compared to a loss of USD264 million in p-c-p;
- Net profit (loss): (USD609 million), compared to a loss of USD417 million in p-c-p;
- Passenger numbers: 31.9 million, -1.4%;
- Passenger load factor: 81.1%, stable;
- Passenger revenue per ASM: USD 12.91 cents, -2.0%;
- Total revenue per ASM: USD 15.20 cents, stable;
- Yield: USD 15.92 cents, -2.0%;
- Cost per ASM: USD 15.81 cents, +1.0%;
- Cost per ASM excl special charges, third party business expense and fuel: USD 10.28 cents, +3.1%. [more - original PR]
UAL: "This quarter's financial performance is well below what we can and should achieve. We are taking the appropriate steps with our operations, network, service and product to deliver significantly better financial results. The entire United team is sharply focused on accomplishing the goals we have laid out for long-term financial success," Jeff Smisek, President and CEO. Source: Company statement, 24-Apr-2014.