EX-99.1 2 d604973dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

News Release

 

United Airlines

Worldwide Media Relations

872.825.8640

media.relations@united.com

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United Reports May 2018

Operational Performance

CHICAGO, June 8, 2018 – United Airlines (UAL) today reported May 2018 operational results.

UAL’s May 2018 consolidated traffic (revenue passenger miles) increased 6.7 percent and consolidated capacity (available seat miles) increased 4.2 percent versus May 2017. UAL’s May 2018 consolidated load factor increased 2.0 points compared to May 2017.

May Highlights

 

  Announced a total of $8.0 million in grants to benefit nine organizations over the next four years in our hub communities – Chicago, Denver, Houston, Los Angeles, San Francisco, Newark/New York and Washington, D.C, representing United’s commitment to invest in and lift up the communities where many of its customers and employees live and work.

 

  Unveiled new United Polaris Lounge at Newark Liberty International Airport – the second of four Polaris lounges expected to open this year.

 

  Announced the expansion of schedules at East Coast hubs in Newark/New York and Washington-Dulles to add new destinations, additional frequencies and larger two-cabin aircraft, and announced increased service between Houston’s George Bush Intercontinental Airport and Havana’s José Martí International Airport.

 

  Announced a new relationship with The Private Suite, offering customers access to a newly built, private terminal at Los Angeles International Airport.

About United

United Airlines and United Express operate approximately 4,600 flights a day to 354 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers. United is proud to have the world’s most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 750 mainline aircraft and the airline’s United Express carriers operate 545 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 191 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United’s parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol “UAL”.


United Reports May 2018 Operational Performance / Page 2

 

Preliminary Operational Results

 

     May     Year-to-Date  
     2018     2017     Change     2018     2017     Change  

REVENUE PASSENGER MILES (000)

            

Domestic

     11,484,248       10,711,519       7.2     50,688,816       47,851,280       5.9

Mainline

     9,399,820       8,849,499       6.2     41,092,411       38,939,961       5.5

Regional

     2,084,428       1,862,020       11.9     9,596,405       8,911,319       7.7

International

     8,250,068       7,789,692       5.9     37,363,236       35,827,201       4.3

Atlantic

     3,738,527       3,296,343       13.4     13,850,994       12,469,618       11.1

Pacific

     2,841,728       2,841,816       (0.0 %)      13,949,325       13,743,272       1.5

Latin

     1,669,813       1,651,533       1.1     9,562,917       9,614,311       (0.5 %) 

Mainline

     1,598,957       1,583,008       1.0     9,188,372       9,244,941       (0.6 %) 

Regional

     70,856       68,525       3.4     374,545       369,370       1.4

Consolidated

     19,734,316       18,501,211       6.7     88,052,052       83,678,481       5.2

AVAILABLE SEAT MILES (000)

            

Domestic

     13,264,365       12,453,324       6.5     60,164,260       56,522,311       6.4

Mainline

     10,821,587       10,201,973       6.1     48,448,179       45,647,192       6.1

Regional

     2,442,778       2,251,351       8.5     11,716,081       10,875,119       7.7

International

     10,351,488       10,208,823       1.4     47,858,748       47,087,822       1.6

Atlantic

     4,686,496       4,540,690       3.2     18,264,317       17,571,370       3.9

Pacific

     3,658,851       3,641,810       0.5     18,091,231       17,749,231       1.9

Latin

     2,006,141       2,026,323       (1.0 %)      11,503,200       11,767,221       (2.2 %) 

Mainline

     1,904,878       1,927,894       (1.2 %)      10,991,109       11,227,772       (2.1 %) 

Regional

     101,263       98,429       2.9     512,091       539,449       (5.1 %) 

Consolidated

     23,615,853       22,662,147       4.2     108,023,008       103,610,133       4.3

PASSENGER LOAD FACTOR

            

Domestic

     86.6     86.0     0.6   pts      84.3     84.7     (0.4 ) pts 

Mainline

     86.9     86.7     0.2   pts      84.8     85.3     (0.5 ) pts 

Regional

     85.3     82.7     2.6   pts      81.9     81.9     0.0   pts 

International

     79.7     76.3     3.4   pts      78.1     76.1     2.0   pts 

Atlantic

     79.8     72.6     7.2   pts      75.8     71.0     4.8   pts 

Pacific

     77.7     78.0     (0.3 ) pts      77.1     77.4     (0.3 ) pts 

Latin

     83.2     81.5     1.7   pts      83.1     81.7     1.4   pts 

Mainline

     83.9     82.1     1.8   pts      83.6     82.3     1.3   pts 

Regional

     70.0     69.6     0.4   pts      73.1     68.5     4.6   pts 

Consolidated

     83.6     81.6     2.0   pts      81.5     80.8     0.7   pts 

ONBOARD PASSENGERS (000)

            

Mainline

     9,705       9,217       5.3     43,528       41,822       4.1

Regional

     3,817       3,390       12.6     17,370       15,967       8.8

Consolidated

     13,522       12,607       7.3     60,898       57,789       5.4

CARGO REVENUE TON MILES (000)

            

Total

     286,434       281,914       1.6     1,384,342       1,295,758       6.8

OPERATIONAL PERFORMANCE

            

Mainline Departure Performance1

     68.5       70.2       (1.7 ) pts       

Mainline Completion Factor

     99.4       99.8       (0.4 ) pts       

 

1  Based on mainline scheduled flights departing by or before scheduled departure time

Note: See Part II, Item 6, Selected Financial Data, of the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017 for the definitions of these statistics

 

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United Reports May 2018 Operational Performance / Page 3

 

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements included in this release are forward-looking and thus reflect our current expectations and beliefs with respect to certain current and future events and anticipated financial and operating performance. Such forward-looking statements are and will be subject to many risks and uncertainties relating to our operations and business environment that may cause actual results to differ materially from any future results expressed or implied in such forward-looking statements. Words such as “expects,” “will,” “plans,” “anticipates,” “indicates,” “believes,” “estimates,” “forecast,” “guidance,” “outlook,” “goals” and similar expressions are intended to identify forward-looking statements. Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as statements which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. All forward-looking statements in this release are based upon information available to us on the date of this release. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except as required by applicable law. Our actual results could differ materially from these forward-looking statements due to numerous factors including, without limitation, the following: general economic conditions (including interest rates, foreign currency exchange rates, investment or credit market conditions, crude oil prices, costs of aircraft fuel and energy refining capacity in relevant markets); economic and political instability and other risks of doing business globally, including political developments that may impact our operations in certain countries; demand for travel and the impact that global economic and political conditions have on customer travel patterns; competitive pressures on pricing and on demand; demand for transportation in the markets in which we operate; our capacity decisions and the capacity decisions of our competitors; the effects of any hostilities, act of war or terrorist attack; the effects of any technology failures or cybersecurity breaches; the impact of regulatory, investigative and legal proceedings and legal compliance risks; disruptions to our regional network; the ability of other air carriers with whom we have alliances or partnerships to provide the services contemplated by the respective arrangements with such carriers; costs associated with any modification or termination of our aircraft orders; potential reputational or other impact from adverse events in our operations, the operations of our regional carriers or the operations of our code share partners; our ability to attract and retain customers; our ability to execute our operational plans and revenue-generating initiatives, including optimizing our revenue; our ability to control our costs, including realizing benefits from our resource optimization efforts, cost reduction initiatives and fleet replacement programs; the impact of any management changes; our ability to cost-effectively hedge against increases in the price of aircraft fuel if we decide to do so; any potential realized or unrealized gains or losses related to any fuel or currency hedging programs; labor costs; our ability to maintain satisfactory labor relations and the results of any collective bargaining agreement process with our union groups; any disruptions to operations due to any potential actions by our labor groups; an outbreak of a disease that affects travel demand or travel behavior; U.S. or foreign governmental legislation, regulation and other actions (including Open Skies agreements and environmental regulations); industry consolidation or changes in airline alliances; our ability to comply with the terms of our various financing arrangements; the costs and availability of financing; our ability to maintain adequate liquidity; the costs and availability of aviation and other insurance; weather conditions; our ability to utilize our net operating losses to offset future taxable income; the impact of changes in tax laws; the success of our investments in airlines in other parts of the world; and other risks and uncertainties set forth under Part I, Item 1A., “Risk Factors,” of our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, as well as other risks and uncertainties set forth from time to time in the reports we file with the U.S. Securities and Exchange Commission.

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