United Continental Holdings reports double-digit profit growth in 2Q2013

United Continental Holdings revenue up 1% - financial highlights:

• Three months ended 30-Jun-2013:
• • Total operating revenue: USD10,001 million, +0.6% year-on-year;
  • • Passenger: USD8668 million, -1.1%;
    • Cargo: USD236 million, -10.9%;
  • Total operating costs: USD9231 million, -1.4%;
  • • Fuel: USD3068 million, -10.0%;
    • Labour: USD2175 million, +7.5%;
  • Operating profit: USD770 million, +33.9%;
  • Net profit: USD469 million, +38.3%;
  • Passenger numbers: 36.0 million, -3.0%;
  • Passenger load factor: 84.7%, +0.4 ppt;
  • Yield: USD 16.18 cents, +0.6%;
  • Total revenue per ASM: USD 15.8 cents, +2.8%;
  • Passenger revenue per ASM: USD 13.70 cents, +1.0%;
  • Cost per ASM: USD 14.59 cents, +0.7%;
• Six months ended 30-Jun-2013:
• • Total operating revenue: USD18,722 million, +1.0%;
  • • Passenger: USD16,227 million, -0.3%;
    • Cargo: USD463 million, -12.5%;
  • Total operating costs: USD18,216 million, -0.1%;
  • • Fuel: USD6118 million, -7.8%;
    • Labour: USD4302 million, +9.7%;
  • Operating profit: USD506 million, +66.4%;
  • Net profit: USD52 million, compared to a loss of USD109 million in p-c-p;
  • Passenger numbers: 68.3 million, -1.9%;
  • Passenger load factor: 83.0%, +1.7 ppt;
  • Yield: USD 16.21 cents, +1.2%;
  • Total revenue per ASM: USD 15.52 cents, +4.6%;
  • Passenger revenue per ASM: USD 13.45 cents, +3.3%;
  • Cost per ASM: USD 15.10 cents, +3.5%;
  • Total assets: USD37,468 million;
  • Cash and cash equivalents: USD4143 million;
  • Total liabilities: USD36,251 million. [more - original PR]

UAL: "Our top financial priorities for 2013 are to operate more efficiently and to meet our return-on-invested capital target, and our performance in the second quarter puts us in good position to achieve these goals. We continued to strengthen our balance sheet and make prudent long-term investments in our business, which create a more stable foundation for our future," John Rainey, EVP and CFO. Source: Company statement, 25-Jul-2013.