Loading
27-Jul-2012 12:06 PM

United Continental Holdings reports sharp profit declines in 2Q2012

United Continental Holdings revenue up 1% - financial highlights:

  • Three months ended 30-Jun-2012:
    • Operating revenue: USD9939 million, +1.3% year-on-year;
    • Operating costs: USD9364 million, +4.0%;
      • Fuel: USD3408 million, +5.6%;
      • Labour: USD2024 million, +5.6%;
    • Operating profit: USD575 million, -28.8%;
    • Net profit: USD339 million, -37.0%;
    • Passenger numbers: 37.1 million, +0.2%;
    • Passenger load factor: 84.3%, +0.9 ppt;
    • Passenger revenue per ASM: USD 13.57 cents, +3.0%;
    • Total revenue per ASM: USD 15.38 cents, +1.9%;
    • Average yield: USD 16.09 cents, +1.8%;
    • Cost per ASM: USD 14.49 cents, +4.6%;
    • Cost per ASM excl special charges, third party business expenses and fuel: USD 8.81 cents, +2.8%;
  • Six months ended 30-Jun-2012:
    • Operating revenue: USD18,541 million, +2.9%;
    • Operating costs: USD18,237 million, +6.2%;
      • Fuel: USD637 million, +12.5%;
      • Labour: USD3921 million, +5.3%;
    • Operating profit: USD304 million, -63.9%;
    • Net profit (loss): (USD109 million), compared to a profit of USD325 million in p-c-p;
    • Passenger numbers: 69.6 million, stable;
    • Passenger load factor: 81.3%, +0.4 ppt;
    • Passenger revenue per ASM: USD 13.02 cents, +3.9%;
    • Total revenue per ASM: USD 14.84 cents, +3.1%;
    • Average yield: USD 16.02 cents, +3.4%;
    • Cost per ASM: USD 14.59 cents, +6.3%;
    • Cost per ASM excl special charges, third party business expenses and fuel: USD 8.89 cents, +1.8%;
    • Total assets: USD22,563 million, +23.7% when compared to period ended 31-Dec-2011;
    • Cash and cash equivalents: USD4076 million, +17.9% when compared to period ended 31-Dec-2011;
    • Total liabilities: USD19,448 million, +36.2% when compared to period ended 31-Dec-2011;
    3Q2012 forecast:
    • Capacity (ASMs): -0.7% to -1.7%;
      • Mainline: -0.8% to -1.8%;
      • Regional: -0.7% to +0.3%;
    • Operating cost per ASM excl profit sharing and third party business expense: USD 13.59 cents to USD 13.67 cents, +1.7% to +2.3%;
      • Mainline: USD 12.75 cents to USD 12.83 cents, +2.1% to +2.8%;
      • Regional: USD 19.13 cents to USD 19.25 cents, -0.7% to stable;
    FY2012 forecast:
    • Capacity (ASMs): -0.5% to -1.5%;
      • Mainline: -0.6% to -1.6%;
      • Domestic: -1.7% to -2.7%;
      • Trans-Atlantic: -2.1% to -3.1%;
      • Asia Pacific: +2.6% to +3.6%;
      • Latin America: +0.6% to +1.6%;
    • Operating cost per ASM excl profit sharing and third party business expense: USD 14.02 cents to USD 14.11 cents, +3.5% to +4.2%;
      • Mainline: USD 13.14 cents to 13.22 cents, +3.9% to +4.5%;
      • Regional: USD 19.87 cents to USD 19.99 cents, +2.2% to +2.8%. [more - original PR]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More