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United Continental Holdings revenue up 21.7% for the three months ended Sep-2010

22-Oct-2010 1:48 PM

United Continental Holdings, formerly UAL Corp, reports (21-Oct-2010) the following financial highlights for the three months ended 30-Sep-2010:

  • Revenue: USD5,394 million, +21.7% year-on-year;
  • Operating costs: USD4,859 million, +11.8%;
    • Continental: USD3,512 million, +7.9%;
  • Fuel: USD1,242 million, +16.7%;
    • Continental: USD984 million, +11.7%;
  • Labour: USD1,085 million, +13.7%;
    • Continental: USD909 million, +14.5%;
  • Operating profit: USD535 million, +508%;
    • Continental: USD441 million, +623%;
  • Net profit: USD387 million, compared to a loss of USD57 million in p-c-p;
    • Continental: USD354 million, compared to a loss of USD18 million in p-c-p;
  • Cash and cash equivalents: USD9,100 million;
  • Operating cash flow: USD445 million, +695%;
    • Continental: USD306 million, compared to a negative cash flow of USD172 million in p-c-p;
  • Passenger numbers: 22.3 million, +0.8%;
    • Continental: 16.6 million, -1.2%;
  • Passenger load factor: 85.9%, +1.0 ppt;
    • Continental: 85.9%, +0.8 ppt;
  • Yield: USD 15.25 cents, +16.9%;
    • Continental: USD14.21 cents, +18.7%;
  • Passenger revenue per ASM: USD 13.13 cents, +18.3%;
    • Continental: 12.21 cents, +19.8%;
  • Revenue per ASM: USD 14.20cents, +18.6%;
    • Continental: USD 13.58 cents, +18.5%;
  • Cost per ASM: USD 12.79 cents, +9.0%;
    • Continental: USD12.06 cents, +7.2%;
  • Cost per ASM excl fuel: USD 8.56 cents, +5.7%;
    • Continental: USD 8.64 cents, +6.3%. [more]

United Continental: “The companies have also started the first phase of optimising their combined route network to offer customers more travel options. United and Continental continue to operate as separate carriers, and will do so until they receive their single operating certificate, which they currently expect to achieve by the end of 2011. However, travelers will begin to see a more unified product in the spring of 2011, as the carriers integrate key customer service and marketing activities to deliver a more seamless product,” Company statement. Source: United Continental Holdings, 21-Oct-2010.