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United Continental Holdings report 'significant' improvements in 3Q2013 results

25-Oct-2013 3:52 PM

United Continental Holdings revenue up 3% - financial highlights for three months ended 30-Sep-2013:

  • Total operating revenue: USD10,228 million, +3.2% year-on-year;
    • Passenger: USD8918 million, +1.6%;
    • Cargo: USD199 million, -19.1%;
  • Total operating costs: USD9720 million, +0.1%;
    • Fuel: USD3262 million, -4.2%;
    • Labour: USD2209 million, +8.4%;
  • Operating profit: USD508 million, +154%;
  • Net profit: USD379 million, +6217%;
  • Passenger numbers: 36.8 million, -2.1%;
  • Passenger load factor: 85.9%, +0.7 ppt;
  • Yield: USD 15.96 cents, +1.9%;
  • Passenger revenue per ASM: USD 13.71 cents, +2.7%;
  • Total revenue per ASM: USD 15.73 cents, +4.4%;
  • Cost per ASM: USD 14.94 cents, +1.2%;
  • Cost per ASM excl special charges, third party business expense and fuel: USD 9.29cents, +6.5%;
  • Total assets: USD37,260 million;
  • Cash and cash equivalents: USD3935 million;
  • Total liabilities: USD35,532 million. [more - original PR]

United Continental Holdings: “We have significantly improved our operations, customer service and product, and are now competitive on all those dimensions. I want to thank my co-workers as we work together to deliver on our promise of making United flyer friendly. However, we are not satisfied with our financial performance, and are taking prompt actions to increase our revenue and operate more efficiently across the company,” Jeff Smisek, chairman, president and chief executive officer. Source: Company statement, 24-Oct-2013.