United Airlines results flat in 4Q2016

United Airlines revenue stable - financial highlights:

• Three months ended 31-Dec-2016:
• • Total operating revenue: USD9052 million, +0.2% year-on-year;
  • • Passenger: USD7761 million, +0.4%;
    • Cargo: USD250 million, +8.2%;
  • Total operating costs: USD8047 million, +1.2%;
  • • Labour: USD2568 million, +5.9%;
    • Fuel: USD1555 million, -3.9%;
  • Operating profit: USD1005 million, -7.0%;
  • Net profit: USD397 million, -51.8%;
  • Passenger numbers: 36.0 million, +2.5%;
  • Passenger load factor: 82.4%, -0.3 ppt;
  • • Domestic: 85.2%, -0.5 ppt;
    • International: 78.9%, -0.1 ppt;
  • Passenger revenue per ASM: USD 12.41 cents, -1.6%;
  • Total revenue per ASM: USD 14.48 cents, -1.8%;
  • Average yield: USD 15.06 cents, -1.2%;
  • Average stage length: 1441 miles, -1.0%;
• 12 months ended 31-Dec-2016:
• • Total operating revenue: USD36,556 million, -3.5%;
  • • Passenger: USD31,457 million, -4.1%;
    • Cargo: USD876 million, -6.5%;
  • Total operating costs: USD32,218 million, -1.5%;
  • • Labour: USD10,275 million, +5.8%;
    • Fuel: USD5813 million, -22.7%;
  • Operating profit: USD4338 million, -16.0%;
  • Net profit: USD2263 million, -69.2%;
  • Passenger numbers: 143.2 million, +2.0%;
  • Passenger load factor: 82.9%, -0.5 ppt;
  • • Domestic: 85.4%, -0.3 ppt;
    • International: 80.0%, -0.7 ppt;
  • Passenger revenue per ASM: USD 12.40 cents, -5.4%;
  • Total revenue per ASM: USD 14.42 cents, -4.8%;
  • Average yield: USD 14.96 cents, -4.8%;
  • Average stage length: 1473 miles, -0.9%. [more - original PR]

United Airlines: "We saw meaningful improvement in the pricing and demand environment in the quarter. Looking forward, we anticipate first quarter consolidated unit revenues to be approximately flat, marking the fourth straight quarter of sequential quarter-over-quarter improvement," Scott Kirby, President. Source: Company statement, 17-Jan-2017.