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United Continental Holdings falls into the red in 4Q2012

25-Jan-2013 3:25 PM

United Continental Holdings revenue down 3% – financial highlights:

  • Three months ended 31-Dec-2012:
    • Total operating revenue: USD8702 million, -2.5% year-on-year;
      • Passenger: USD7533 million, -3.6%;
      • Cargo: USD243 million, -14.7%;
    • Total operating costs: USD9167 million, +3.2%;
      • Fuel: USD3095 million, -0.3%;
      • Labour: USD1986 million, +4.0%;
    • Operating profit (loss): (USD465 million), compared to a profit of USD45 million in p-c-p;
    • Net profit (loss): (USD620 million), compared to a loss of USD138 million in p-c-p;
    • Passenger numbers: 33.3 million, -2.7%;
    • Passenger load factor: 82.3%, +0.8 ppt;
    • Passenger revenue per ASM: USD 12.95 cents, +0.6%;
    • Total revenue per ASM: USD 14.96 cents, +1.7%;
    • Yield: USD 15.74 cents, -0.4%;
    • Cost per ASM: USD 15.76 cents, +7.7%;
  • 12 months ended 31-Dec-2012:
    • Total operating revenue: USD37,152 million, +0.1%;
      • Passenger: USD32,583 million, +0.2%;
      • Cargo: USD1018 million, -12.8%;
    • Total operating costs: USD37,113 million, +5.2%;
      • Fuel: USD13,138 million, +6.2%;
      • Labour: USD7945 million, +3.8%;
    • Operating profit: USD39 million, -97.9%;
    • Net profit (loss): (USD723 million), compared to a profit of USD840 million in p-c-p;
    • Passenger numbers: 140.4 million, -1.0%;
    • Passenger load factor: 82.6%, +0.4 ppt;
    • Passenger revenue per ASM: USD 13.09 cents, +1.7%;
    • Total revenue per ASM: USD 14.93 cents, +1.6%;
    • Yield: USD 15.86 cents, +1.2%;
    • Cost per ASM: USD 14.91 cents, +6.7%;
    • Unrestricted liquidity: USD7000 million;
  • 1Q2013 forecast:
    • Capacity (ASMs): -4.1% to -5.1%;
      • Domestic: -3.5% to -4.5%;
      • International: -4.9% to -5.9%;
    • Cost per ASM excl profit sharing, third party business expenses, fuel and special charges: +8.0% to +9.0%;
  • 2013 forecast:
    • Capacity (ASMs): Flat to -1%;
    • Cost per ASM excl profit sharing, third party business expenses, fuel and special charges: +4.5% to +5.5%. [more - original PR]

United Continental Holdings: “While we didn’t meet our revenue goals in 2012, we have addressed the integration issues that drove our underperformance. We’re now positioned to capitalise on market opportunities across our network, and to earn back our share of revenue,” Jim Compton, vice chairman and chief revenue officer. Source: Company statement, 24-Jan-2013.