28-Jan-2010 3:00 PM
United Airlines revenue down 7.8%, remains in the red in 4Q2009
United Airlines revenue down 7.8% - financial/traffic highlights:
- Three months ended 31-Dec-2009:
- Operating revenue: USD4,193 million, -7.8% year-on-year;
- Operating costs: USD4,267 million, -20.4%;
- Labour: USD935 million, -10.9%;
- Fuel: USD877 million, -52.3%;
- Operating profit (loss): (USD74 million), compared to a loss of USD812 million in the previous corresponding period;
- Net profit (loss): (USD240 million), compared to a loss of USD1,315 million in the previous corresponding period;
- Passenger numbers: 19.6 million, -1.3%;
- Passenger load factor: 81.8%, +2.8 ppts;
- Breakeven load factor: 83.4%, -11.1 ppts;
- Passenger yield per RPM: USD 13.82 cents, -8.4%;
- Passenger revenue per ASM: USD 11.34 cents, -5.2%;
- Operating revenue per ASM: USD 12.47 cents, -4.5%;
- Operating cost per ASM: USD 12.69 cents, -17.5%;
- 12 months ended 31-Dec-2009:
- Operating revenue: USD16,335 million, -19.1%;
- Operating costs: USD16,496 million, -33.0%;
- Labour: USD3,773 million, -12.5%;
- Fuel: USD3,405 million, -55.9%;
- Operating profit (loss): (USD161 million), compared to a loss of USD4,438 million in the previous corresponding period;
- Net profit (loss): (USD651 million), compared to a loss of USD5,396 million in the previous corresponding period;
- Passenger numbers: 81.4 million, -5.8%;
- Passenger load factor: 81.2%, +0.8 ppt;
- Breakeven passenger load factor: 82.1%, -17.7 ppts;
- Passenger yield per RPM: USD 13.07 cents, -13.2%;
- Passenger revenue per ASM: USD 10.64 cents, -12.3%;
- Operating revenue per ASM: USD 11.61 cents, -12.6%;
- Operating cost per ASM: USD 11.72 cents, -27.7%. [more] [more- SEC Filing]
United: "The company expects both mainline and consolidated CASM, excluding fuel, profit sharing and certain accounting charges for the full year 2010 to be up 2.0% to 3.0% year-over-year. The full increase is driven by unit cost pressures in four areas: revenue-related expenses, airport rents and landing fees, Annual Incentive Plan accruals in 2010 and accelerated aircraft depreciation," Company statement. Source: United Airlines, 27-Jan-2010.