EX-99.1 2 ual_103018trex991.htm EXHIBIT 99.1 Exhibit
Exhibit 99.1
News Release
 
United Airlines
Worldwide Media Relations
872.825.8640
media.relations@united.com
 
unitedlogofortraffica06.jpg


United Reports October 2018
Operational Performance

CHICAGO, November 8, 2018 - United Airlines (UAL) today reported October 2018 operational results.
UAL’s October 2018 consolidated traffic (revenue passenger miles) increased 7.5 percent and consolidated capacity (available seat miles) increased 5.9 percent versus October 2017. UAL’s October 2018 consolidated load factor increased 1.2 points compared to October 2017.
October Highlights
•
Launched inaugural flight between San Francisco and Tahiti, becoming the only U.S. carrier to have service between the mainland U.S. and the Islands of Tahiti.
•
Inaugurated year-round, daily nonstop service between Chicago O'Hare and León, Guanajuato, Mexico; announced special nonstop flights between San Francisco and Barcelona in February 2019 to make travel to the 2019 Mobile World Congress more convenient for Bay Area residents; and announced 22 new routes from six of its U.S. hubs beginning service in 2019.
•
As part of an ongoing Crowdrise fundraising campaign, announced the matching of an additional $100,000 for those affected by Hurricane Michael, while continuing to award up to 5 million bonus miles for individuals who make donations for $50 or more for hurricane and typhoon related efforts.
•
Unveiled state-of-the-art flight training center in Denver, Colorado - the largest in the world and home to the company's more than 30 full flight simulators representing all of United's fleet types.
•
Successfully completed full implementation of the flight attendant joint collective bargaining agreement, allowing the company to operate more efficiently and reliably.  


About United
United Airlines and United Express operate approximately 4,700 flights a day to 356 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 760 mainline aircraft and the airline's United Express carriers operate 546 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United


United Reports October 2018 Operational Performance / Page 2

on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the Nasdaq under the symbol "UAL".


United Reports October 2018 Operational Performance / Page 3

Preliminary Operational Results
 
 
October
 
Year-to-Date
 
 
2018
 
2017
 
Change
 
2018
 
2017
 
Change
 REVENUE PASSENGER MILES (000)
 
 
 
 
 
 
 
 
 
 
 
Domestic
11,582,143

 
10,910,718

 
6.2
 %
 
111,054,221

 
103,503,946

 
7.3
 %
 
Mainline
9,470,705

 
8,942,878

 
5.9
 %
 
90,825,526

 
85,319,567

 
6.5
 %
 
Regional
2,111,438

 
1,967,840

 
7.3
 %
 
20,228,695

 
18,184,379

 
11.2
 %
 
International
7,830,372

 
7,142,052

 
9.6
 %
 
81,544,972

 
77,660,796

 
5.0
 %
 
Atlantic
3,715,350

 
3,166,876

 
17.3
 %
 
34,786,325

 
31,116,479

 
11.8
 %
 
Pacific
2,726,993

 
2,673,964

 
2.0
 %
 
28,493,958

 
28,358,795

 
0.5
 %
 
Latin
1,388,029

 
1,301,212

 
6.7
 %
 
18,264,689

 
18,185,522

 
0.4
 %
 
Mainline
1,323,374

 
1,237,000

 
7.0
 %
 
17,512,859

 
17,477,588

 
0.2
 %
 
Regional
64,655

 
64,212

 
0.7
 %
 
751,830

 
707,934

 
6.2
 %
 
Consolidated
19,412,515

 
18,052,770

 
7.5
 %
 
192,599,193

 
181,164,742

 
6.3
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
AVAILABLE SEAT MILES (000)
 
 
 
 
 
 
 
 
 
 
 
 
Domestic
13,629,210

 
12,786,643

 
6.6
 %
 
129,688,578

 
121,436,391

 
6.8
 %
 
Mainline
11,096,224

 
10,447,471

 
6.2
 %
 
105,388,302

 
99,329,430

 
6.1
 %
 
Regional
2,532,986

 
2,339,172

 
8.3
 %
 
24,300,276

 
22,106,961

 
9.9
 %
 
International
9,945,812

 
9,474,947

 
5.0
 %
 
100,245,981

 
98,183,430

 
2.1
 %
 
Atlantic
4,528,363

 
4,231,225

 
7.0
 %
 
42,493,127

 
40,641,436

 
4.6
 %
 
Pacific
3,662,169

 
3,575,772

 
2.4
 %
 
35,895,886

 
35,668,379

 
0.6
 %
 
Latin
1,755,280

 
1,667,950

 
5.2
 %
 
21,856,968

 
21,873,615

 
(0.1
)%
 
Mainline
1,666,760

 
1,579,771

 
5.5
 %
 
20,854,107

 
20,905,035

 
(0.2
)%
 
Regional
88,520

 
88,179

 
0.4
 %
 
1,002,861

 
968,580

 
3.5
 %
 
Consolidated
23,575,022

 
22,261,590

 
5.9
 %
 
229,934,559

 
219,619,821

 
4.7
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
PASSENGER LOAD FACTOR
 
 
 
 
 
 
 
 
 
 
 
 
Domestic
85.0
%
 
85.3
%
 
(0.3) pts

 
85.6
%
 
85.2
%
 
0.4 pts

 
Mainline
85.4
%
 
85.6
%
 
(0.2) pts

 
86.2
%
 
85.9
%
 
0.3 pts

 
Regional
83.4
%
 
84.1
%
 
(0.7) pts

 
83.2
%
 
82.3
%
 
0.9 pts

 
International
78.7
%
 
75.4
%
 
3.3 pts

 
81.3
%
 
79.1
%
 
2.2 pts

 
Atlantic
82.0
%
 
74.8
%
 
7.2 pts

 
81.9
%
 
76.6
%
 
5.3 pts

 
Pacific
74.5
%
 
74.8
%
 
(0.3) pts

 
79.4
%
 
79.5
%
 
(0.1) pts

 
Latin
79.1
%
 
78.0
%
 
1.1 pts

 
83.6
%
 
83.1
%
 
0.5 pts

 
Mainline
79.4
%
 
78.3
%
 
1.1 pts

 
84.0
%
 
83.6
%
 
0.4 pts

 
Regional
73.0
%
 
72.8
%
 
0.2 pts

 
75.0
%
 
73.1
%
 
1.9 pts

 
Consolidated
82.3
%
 
81.1
%
 
1.2 pts

 
83.8
%
 
82.5
%
 
1.3 pts

 
 
 
 
 
 
 
 
 
 
 
 
 
ONBOARD PASSENGERS (000)
 
 
 
 
 
 
 
 
 
 
 
 
Mainline
9,781

 
9,132

 
7.1
 %
 
95,129

 
90,223

 
5.4
 %
 
Regional
3,918

 
3,634

 
7.8
 %
 
37,009

 
33,197

 
11.5
 %
 
Consolidated
13,699

 
12,766

 
7.3
 %
 
132,138

 
123,420

 
7.1
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
CARGO REVENUE TON MILES (000)
 
 
 
 
 
 
 
 
 
 
 
Total
305,900

 
308,566

 
(0.9
)%
 
2,828,745

 
2,714,377

 
4.2
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
OPERATIONAL PERFORMANCE
 
 
 
 
 
 
 
 
 
 
 
 
Mainline Departure Performance1
71.8
%
 
74.0
%
 
(2.2) pts

 
 
 
 
 
 
 
Mainline Completion Factor
99.8
%
 
99.7
%
 
0.1 pts

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1Based 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



United Reports October 2018 Operational Performance / Page 4



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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