United Airlines reports operating profit declines in 4Q and FY2017

United Airlines reported (23-Jan-2018) the following financial highlights:

• Three months ended 31-Dec-2017:
  • Total operating revenue: USD9438 million, +4.3% year-on-year;
    • Passenger: USD8080 million, +4.1%;
    • Cargo: USD304 million, +21.6%;
  • Total operating costs: USD8709 million, +8.2%;
    • Labour: USD2704 million, +5.3%;
    • Fuel: USD1875 million, +20.6%;
  • Operating profit: USD729 million, -27.5%;
  • Net profit: USD580 million, +46.1%;
  • Passengers: 37.4 million, +3.9%;
  • Passenger load factor: 81.7%, -0.7ppt;
    • Domestic: 85.2%, stable;
    • International: 77.2%, -1.7ppts;
  • Passenger revenue per ASM: USD 12.43 cents, +0.2%;
  • Total revenue per ASM: USD 14.51 cents, +0.2%;
  • Average yield: USD 15.20 cents, +0.9%;
  • Average stage length: 1431 miles, -0.7%;
• 12 months ended 31-Dec-2017:
  • Total operating revenue: USD37,736 million, +3.2%;
    • Passenger: USD32,404 million, +3.0%;
    • Cargo: USD1035 million, +18.2%;
  • Total operating costs: USD34,238 million, +6.3%;
    • Labour: USD11,045 million, +7.5%;
    • Fuel: USD6913 million, +18.9%;
  • Operating profit: USD3498 million, -19.4%;
  • Net profit: USD2131 million, -5.8%;
  • Passengers: 148.1 million, +3.4%;
  • Passenger load factor: 82.4%, -0.5ppt;
    • Domestic: 85.2%, -0.2ppt;
    • International: 78.9%, -1.1ppts;
  • Passenger revenue per ASM: USD 12.35 cents, -0.4%;
  • Total revenue per ASM: USD 14.38 cents, -0.3%;
  • Average yield: USD 14.98 cents, +0.1%;
  • Average stage length: 1460 miles, -0.9%. [more - original PR]