United Continental Holdings reports double-digit operating profit growth in 2Q2014 and 1H

United Continental Holdings revenue up 3% - financial highlights:

• Three months ended 30-Jun-2014:
• • Total operating revenue: USD10,329 million, +3.3% year-on-year;
  • Total operating costs: USD9423 million, +2.1%;
  • • Fuel: USD3101 million, +1.1%;
    • Labour: USD2187 million, +0.6%;
  • Operating profit: USD906 million, +17.7%;
  • Net profit: USD789 million, +68.2%;
  • Passenger numbers: 35.8 million, -0.3%;
  • Passenger load factor: 85.3%, +0.6 ppt;
  • Passenger revenue per ASM: USD 14.21 cents, +3.7%;
  • Total revenue per ASM: USD 16.34 cents, +3.4%;
  • Average yield: USD 16.66 cents, +3.0%;
• Six months ended 30-Jun-2014:
• • Total operating revenue: USD19,025 million, +1.6%;
  • Total operating costs: USD18,468 million, +1.4%;
  • • Fuel: USD6018 million, -1.6%;
    • Labour: USD4340 million, +0.9%;
  • Operating profit: USD557 million, +10.1%;
  • Net profit: USD180 million, +246%;
  • Passenger numbers: 67.7 million, -0.8%;
  • Passenger load factor: 83.3%, +0.3 ppt;
  • Passenger revenue per ASM: USD 13.59 cents, +1.0%;
  • Total revenue per ASM: USD 15.80 cents, +1.8%;
  • Average yield: USD 16.32 cents, +0.7 ppt;
  • Total assets: USD38,447 million;
  • Cash and cash equivalents: USD3424 million;
  • Total liabilities: USD35,100 million. [more - original PR][more - original PR - 10Q]

United Continental Holdings: "We are beginning to see the benefits of the changes we're implementing to our network and revenue management processes. We have more work to do, however, and will continue to make the appropriate adjustments to accelerate our revenue growth," Jim Compton, Vice Chairman and Chief Revenue Officer. Source: Company statement, 24-Jul-2014.