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United Continental Holdings reports sharp profit declines in 2Q2012

27-Jul-2012 12:06 PM

United Continental Holdings revenue up 1% - financial highlights:

  • Three months ended 30-Jun-2012:
    • Operating revenue: USD9939 million, +1.3% year-on-year;
    • Operating costs: USD9364 million, +4.0%;
      • Fuel: USD3408 million, +5.6%;
      • Labour: USD2024 million, +5.6%;
    • Operating profit: USD575 million, -28.8%;
    • Net profit: USD339 million, -37.0%;
    • Passenger numbers: 37.1 million, +0.2%;
    • Passenger load factor: 84.3%, +0.9 ppt;
    • Passenger revenue per ASM: USD 13.57 cents, +3.0%;
    • Total revenue per ASM: USD 15.38 cents, +1.9%;
    • Average yield: USD 16.09 cents, +1.8%;
    • Cost per ASM: USD 14.49 cents, +4.6%;
    • Cost per ASM excl special charges, third party business expenses and fuel: USD 8.81 cents, +2.8%;
  • Six months ended 30-Jun-2012:
    • Operating revenue: USD18,541 million, +2.9%;
    • Operating costs: USD18,237 million, +6.2%;
      • Fuel: USD637 million, +12.5%;
      • Labour: USD3921 million, +5.3%;
    • Operating profit: USD304 million, -63.9%;
    • Net profit (loss): (USD109 million), compared to a profit of USD325 million in p-c-p;
    • Passenger numbers: 69.6 million, stable;
    • Passenger load factor: 81.3%, +0.4 ppt;
    • Passenger revenue per ASM: USD 13.02 cents, +3.9%;
    • Total revenue per ASM: USD 14.84 cents, +3.1%;
    • Average yield: USD 16.02 cents, +3.4%;
    • Cost per ASM: USD 14.59 cents, +6.3%;
    • Cost per ASM excl special charges, third party business expenses and fuel: USD 8.89 cents, +1.8%;
    • Total assets: USD22,563 million, +23.7% when compared to period ended 31-Dec-2011;
    • Cash and cash equivalents: USD4076 million, +17.9% when compared to period ended 31-Dec-2011;
    • Total liabilities: USD19,448 million, +36.2% when compared to period ended 31-Dec-2011;
    3Q2012 forecast:
    • Capacity (ASMs): -0.7% to -1.7%;
      • Mainline: -0.8% to -1.8%;
      • Regional: -0.7% to +0.3%;
    • Operating cost per ASM excl profit sharing and third party business expense: USD 13.59 cents to USD 13.67 cents, +1.7% to +2.3%;
      • Mainline: USD 12.75 cents to USD 12.83 cents, +2.1% to +2.8%;
      • Regional: USD 19.13 cents to USD 19.25 cents, -0.7% to stable;
    FY2012 forecast:
    • Capacity (ASMs): -0.5% to -1.5%;
      • Mainline: -0.6% to -1.6%;
      • Domestic: -1.7% to -2.7%;
      • Trans-Atlantic: -2.1% to -3.1%;
      • Asia Pacific: +2.6% to +3.6%;
      • Latin America: +0.6% to +1.6%;
    • Operating cost per ASM excl profit sharing and third party business expense: USD 14.02 cents to USD 14.11 cents, +3.5% to +4.2%;
      • Mainline: USD 13.14 cents to 13.22 cents, +3.9% to +4.5%;
      • Regional: USD 19.87 cents to USD 19.99 cents, +2.2% to +2.8%. [more - original PR]