EX-99.1

EX-99.1 2 d626675dex991.htm EX-99.1 EX-99.1

Exhibit 99.1


News Release

United Airlines

Worldwide Media Relations

872.825.8640

media.relations@united.com

United Reports October 2013

Operational Performance

CHICAGO, Nov. 7, 2013 – United Airlines (UAL) today reported October 2013 operational results.

UAL’s October 2013 consolidated traffic (revenue passenger miles) increased 3.1 percent and consolidated capacity (available seat miles) increased 4.3 percent versus October 2012. UAL’s October 2013 consolidated load factor decreased 1.0 point compared to October 2012.

UAL’s October 2013 consolidated passenger revenue per available seat mile (PRASM) was approximately flat compared to October 2012. The Company’s October 2013 year-over-year PRASM was reduced by approximately 3 percentage points in total due to the impact of the government shutdown, Superstorm Sandy’s impact in October 2012 and the depreciation of the yen. These items were mostly offset by larger than normal positive adjustments identified during the month-end close process.

About United

United Airlines and United Express operate an average of more than 5,300 flights a day to more than 360 airports across six continents. In 2012, United and United Express carried more passenger traffic than any other airline in the world and operated nearly two million flights carrying 140 million customers. United is investing in upgrading its onboard products and now offers more flat-bed seats in its premium cabins and more extra-legroom, economy-class seating than any airline in North America. In 2013, United became the first U.S.-based international carrier to offer satellite-based Wi-Fi on long-haul overseas routes. The airline also features DIRECTV^® on more than 200 aircraft, offering customers more live television access than any other airline in the world. United operates nearly 700 mainline aircraft and has made large-scale investments in its fleet. In 2013, United continues to modernize its fleet by taking delivery of more than two dozen new Boeing aircraft. The company will have launched 14 new international and 19 new domestic routes, including the addition of seven new cities to its network, by the end of 2013. Business Traveler magazine awarded United Best Airline for North American Travel for 2012, and readers of Global Traveler magazine have voted United’s MileagePlus program the best frequent flyer program for nine consecutive years. According to the 4^th annual Switchfly Reward Seat Availability Survey published by IdeaWorksCompany in

LOGO

United Reports October 2013 Operational Performance / Page 2

May 2013, United has the most saver-style award-seat availability among the largest U.S. global airlines. Air Transport World named United as the Eco-Aviation Airline of the Year Gold Winner in 2013. United is a founding member of Star Alliance, which provides service to 195 countries via 28 member airlines. More than 85,000 United employees reside in every U.S. state and in countries around the world. For more information, visit united.com or follow United on Twitter and Facebook. The common stock of United’s parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol UAL.

Preliminary Operational Results

October

Year-to-Date

2013

2012

Change

2013

2012

Change

REVENUE PASSENGER MILES (000)

Domestic

7,668,146

7,464,167

2.7

76,787,539

78,352,032

(2.0%)

International

6,994,990

6,799,237

2.9

73,922,195

73,772,194

0.2%

Atlantic

3,334,162

2,992,464

11.4

32,770,925

32,547,917

0.7%

Pacific

2,628,394

2,765,873

(5.0

27,102,205

27,320,161

(0.8%)

Latin

1,032,434

1,040,900

(0.8

14,049,065

13,904,116

1.0%

Mainline

14,663,136

14,263,404

2.8

150,709,734

152,124,226

(0.9%)

Regional

2,303,418

2,194,297

5.0

22,244,679

21,952,005

1.3%

Consolidated

16,966,554

16,457,701

3.1

172,954,413

174,076,231

(0.6%)

AVAILABLE SEAT MILES (000)

Domestic

9,108,727

8,706,559

4.6

89,451,782

91,983,575

(2.8%)

International

8,809,595

8,463,867

4.1

89,803,307

91,141,191

(1.5%)

Atlantic

4,183,387

3,800,495

10.1

39,991,759

40,687,158

(1.7%)

Pacific

3,316,215

3,351,989

(1.1

32,506,539

33,183,362

(2.0%)

Latin

1,309,993

1,311,383

(0.1

17,305,009

17,270,671

0.2%

Mainline

17,918,322

17,170,426

4.4

179,255,089

183,124,766

(2.1%)

Regional

2,785,985

2,673,624

4.2

27,112,202

27,413,772

(1.1%)

Consolidated

20,704,307

19,844,050

4.3

206,367,291

210,538,538

(2.0%)

PASSENGER LOAD FACTOR

Domestic

84.2

85.7

(1.5

) pts

85.8

85.2

0.6 pts

International

79.4

80.3

(0.9

) pts

82.3

80.9

1.4 pts

Atlantic

79.7

78.7

1.0

81.9

80.0

1.9 pts

Pacific

79.3

82.5

(3.2

) pts

83.4

82.3

1.1 pts

Latin

78.8

79.4

(0.6

) pts

81.2

80.5

0.7 pts

Mainline

81.8

83.1

(1.3

) pts

84.1

83.1

1.0 pt

Regional

82.7

82.1

0.6

pts

82.0

80.1

1.9 pts

Consolidated

81.9

82.9

(1.0

) pt

83.8

82.7

1.1 pts

ONBOARD PASSENGERS (000)

Mainline

7,521

7,445

1.0

76,695

79,229

(3.2%)

Regional

4,181

3,966

5.4

40,109

39,368

1.9%

Consolidated

11,702

11,411

2.6

116,804

118,597

(1.5%)

CARGO REVENUE TON MILES (000)

Total

196,399

205,193

(4.3

1,810,837

2,063,954

(12.3%)

(more)

United Reports October 2013 Operational Performance / Page 3

Preliminary Financial Results


September 2013 year-over-year consolidated PRASM change		0.2 %
September 2013 year-over-year mainline PRASM change		(1.5) %
October 2013 estimated year-over-year consolidated PRASM change		Approximately flat
October 2013 estimated year-over-year mainline PRASM change		(1.0) - (2.0) %
October 2013 estimated consolidated average price per gallon of fuel, including the impact of all cash settled hedges and fuel taxes		3.10 Dollars
Fourth Quarter 2013 estimated consolidated average price per gallon of fuel, including the impact of all cash settled hedges and fuel taxes		3.00 - 3.05 Dollars

Preliminary Operational Results


	2013			2012			Change
October On-Time Performance¹		85.0	%		76.7	%		8.3	pts
October Completion Factor²		99.5	%		95.6	%		3.9	pts

¹	Based on domestic mainline scheduled flights arriving within 14 minutes of scheduled arrival time, according to data published in the DOT Air Travel Consumer Report

²	Mainline completion percentage

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 financial 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,” “forecast,” “guidance,” “outlook” 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 report are based upon information available to us on the date of this report. 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: our ability to comply with the terms of our various financing arrangements; the costs and availability of financing; our ability to maintain adequate liquidity; our ability to execute our operational plans; our ability to control our costs, including realizing benefits from our resource optimization efforts, cost reduction initiatives and fleet replacement programs; our ability to utilize our net operating losses; our ability to attract and retain customers; demand for transportation in the markets in which we operate; an outbreak of a disease that affects travel demand or travel behavior; demand for travel and the impact that global economic conditions have on customer travel patterns; excessive taxation and the inability to offset future taxable income; 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); our ability to cost-effectively hedge against increases in the price of aircraft fuel; any potential realized or unrealized gains or losses related to fuel or currency hedging programs; the effects of any hostilities, act of war or terrorist attack; 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; the costs and availability of aviation and other insurance; industry consolidation or changes in airline alliances; competitive pressures on pricing and on demand; our capacity decisions and the capacity decisions of our competitors; U.S. or foreign governmental legislation, regulation and other actions (including open skies agreements and environmental regulations); labor costs; our ability to maintain satisfactory labor relations and the results of the collective bargaining agreement process with our union groups; any disruptions to operations due to any potential actions by our labor groups; weather conditions; the possibility that expected merger synergies will not be realized or will not be realized within the expected time period; and other risks and uncertainties set forth under Item 1A, Risk Factors, of UAL’s Annual Report on Form 10-K, as well as other risks and uncertainties set forth from time to time in the reports we file with the SEC.

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