united continental holdings (UAL) Details
United Continental Holdings, Inc., through its subsidiaries, provides passenger and cargo air transportation services. The company operates in six continents from its hubs in Chicago, Cleveland, Denver, Guam, Houston, Los Angeles, New York/Newark, San Francisco, Tokyo, and Washington, D.C. It also sells fuel, as well as offers catering, ground handling, and maintenance services for third parties. The company was formerly known as UAL Corporation and changed its name to United Continental Holdings, Inc. in October 2010. United Continental Holdings, Inc. was founded in 1934 and is headquartered in Chicago, Illinois.
Last Reported Date: 04/25/13
Founded in 1934
united continental holdings (UAL) Top Compensated Officers
Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $975.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $656.5K
Chief Operations Officer and Executive Vice P...
Total Annual Compensation: $850.0K
Vice Chairman and Chief Revenue Officer
Total Annual Compensation: $756.2K
Executive Vice President of Communications & ...
Total Annual Compensation: $650.0K
Compensation as of Fiscal Year 2012.
United Continental Holdings, Inc. Reports Preliminary Consolidated Operational Results for the Month and Year to Date Ended April 2013
May 7 13
United Continental Holdings, Inc. reported preliminary consolidated operational results for the month and year to date ended April 2013. For the month, the company’s revenue passenger miles were 16,521,785,000 against 17,167,475,000 a year ago. Available seat miles were 20,212,121,000 against 20,759,090,000 a year ago. Passenger load factor was 81.7% against 82.7% a year ago. Onboard passengers were 11,293,000 against 11,859,000 a year ago. Cargo revenue ton miles were 187,949,000 against 206,486,000 a year ago.
For year to date, the company reported revenue passenger miles were 63,065,291,000 against 64,274,744,000 a year ago. Available seat miles were 77,583,887,000 against 81,103,211,000 a year ago. Passenger load factor was 81.3% against 79.3% a year ago. Onboard passengers were 43,648,000 against 44,386,000 a year ago. Cargo revenue ton miles were 734,159,000 against 838,356,000 a year ago.
United Agrees to Buy 30 Embraer Regional Jets
Apr 30 13
United Continental Holdings, Inc. agreed to buy 30 Embraer 76-seat regional jets valued at about $840 million under a new pilot contract allowing commuter partners to fly bigger planes. Deliveries of E-175 jets from Embraer SA will begin in 2014. United is retiring smaller, less-efficient 50-seaters as part of the move.
United Continental Holdings, Inc. Announces Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2013; Provides Capital Expenditures and Operating Guidance for Second Quarter and Full Year of 2013; Plans to Begin 787 Fly in August
Apr 25 13
United Continental Holdings, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company reported total operating revenue of $8,721 million against $8,602 million a year ago. Operating loss was $264 million against $271 million a year ago. Loss before income taxes was $426 million against $447 million a year ago. Net Loss was $417 million against $448 million a year ago. Basic and diluted loss per share was $1.26 against $1.36 a year ago. Net Loss, excluding special charges was $325 million against $286 million a year ago. Diluted loss per share, excluding special charges was $0.98 against $0.87 a year ago.
The company reported consolidated traffic results for the first quarter ended March 31, 2013. For the period, the company reported consolidated revenue passenger miles of 40,547 million against 41,191 million for the same period a year ago. Available seat miles were 49,820 million against 52,469 million last year. Passenger load factor was 81.4% against 78.5% last year. Onboard passengers were 21,479,000 compared to 21,909,000 a year ago. Cargo ton miles were 546 million compared to 632 million a year ago. Passenger revenue per available seat mile was 11.92 cents against 11.35 cents a year ago. Average yield per revenue passenger mile was 14.64 cents against 14.45 cents a year ago.
The company provided capital expenditures guidance for the second quarter and full year 2013. For the quarter, the company expects approximately $530 million of gross capital expenditures and $340 million of net capital expenditures, including purchase deposits. For the second-quarter 2013, the company expects CASM, excluding profit sharing, fuel, third-party business expenses and special charges, to increase 6.7% to 7.7% year-over-year. The company expects second quarter consolidated capacity to decrease between 1.7% and 2.7% year-over-year.
For the full year 2013, the company expects approximately $2.5 billion of gross capital expenditures and $1.7 billion net capital expenditures, including purchase deposits. The company expects 2013 consolidated cost per ASM (CASM), excluding profit sharing, fuel, third-party business expenses and special charges, to increase 5.5% to 6.5% year-over-year. The full year CASM guidance is higher than original expectation at the start of the year because of a lower capacity outlook and the impact of accelerated depreciation from an agreement to sell aircraft to FedEx. The company currently expects to record minimal cash income taxes in 2013. The company expects full year consolidated capacity to decline 0.75% to 1.75% versus 2012. Full year capacity guidance was lower than guided to in January primarily due to the effect of the grounding of 787 Dreamliners. The company plans to remain loss for 2013, to generate a return on invested capital of at least 10%.
The company expects to begin flying 787s from Los Angeles to Tokyo, Narita; Los Angeles to Shanghai; and Houston to Lagos in August and have delayed the launch of San Francisco to Taipei route on a 777 from 2013 to 2014.