16-Sep-2010 2:02 PM
UAL Corp provides guidance for 3Q2010
UAL Corp, parent of United Airlines, expects (15-Sep-2010) to end the Sep-2010 quarter with an unrestricted cash balance of USD4,900 million, which includes scheduled debt and capital lease payments of USD220 million and debt repayments of USD145 million, and a restricted cash balance of USD240 million. The carrier also released the following guidance for 3Q2010:
- Passenger revenue per ASM: USD 13.10 cents to USD 13.21 cents, +18.0% to +19.0% year-on-year;
- Mainline: USD 12.03 cents to USD 12.13 cents, +18.5% to +19.5%;
- Cost per ASM*: USD 12.30 cents to USD 12.34 cents, +5.7% to +6.0%;
- Mainline: USD 11.62 cents to USD 11.66 cents, +5.8% to +6.2%;
- Cost per ASM excl fuel*: USD 8.32 cents to USD 8.36 cents, +2.7% to +3.2%;
- Mainline: USD 7.84 cents to USD 7.88 cents, +3.2% to +3.7%;
- Fuel consumption:
- Mainline: 519 million gallons;
- Passenger traffic (RPMs): +3.2% to +4.2%;
- Mainline: +1.3% to +2.3%;
- Capacity (ASMs): +2.5%;
- Mainline: +0.6%;
- Domestic: -2.9%;
- International: +5.2%. [more]
- Mainline: +0.6%;
* Excludes profit sharing and non-cash net market-to-market impacts
UAL stated it has hedged 80% of its estimated consolidated fuel requirements at an average crude oil price of USD79/barrel.