United Airlines Performance

United Reports December 2016 Operational Performance

UAL's December 2016 consolidated traffic (revenue passenger miles) increased 2.6 percent and consolidated capacity (available seat miles) increased 2.6 percent versus December 2015. UAL's December 2016 consolidated load factor increased 0.1 points compared to December 2015.

United Airlines

United Airlines (UAL) yesterday reported December 2016 operational results. 

UAL's December 2016 consolidated traffic (revenue passenger miles) increased 2.6 percent and consolidated capacity (available seat miles) increased 2.6 percent versus December 2015. UAL's December 2016 consolidated load factor increased 0.1 points compared to December 2015. 

The company now expects fourth-quarter 2016 consolidated passenger unit revenue to decline 1.25 to 1.75 percent compared to the fourth quarter of 2015. The improvement from revised guidance provided on Dec. 8 is due to stronger than expected close-in bookings and yields during the month of December. 

Preliminary Operational Results

December

Full Year

2016

2015

Change 

2016

2015

Change 

 REVENUE PASSENGER MILES (000) 

Domestic

8,051,111

7,763,750

3.7%

95,493,391

93,310,381

2.3%

International

7,596,469

7,348,858

3.4%

90,688,065

90,332,113

0.4%

Atlantic

2,510,125

2,587,269

(3.0%)

35,888,147

37,492,500

(4.3%)

Pacific

3,025,679

2,746,177

10.2%

34,185,845

33,299,439

2.7%

Latin

2,060,665

2,015,412

2.2%

20,614,073

19,540,174

5.5%

Mainline

15,647,580

15,112,608

3.5%

186,181,456

183,642,494

1.4%

Regional

1,948,414

2,036,267

(4.3%)

24,127,972

24,968,714

(3.4%)

Consolidated

17,595,994

17,148,875

2.6%

210,309,428

208,611,208

0.8%

AVAILABLE SEAT MILES (000)

Domestic

9,469,788

9,070,643

4.4%

111,452,951

108,140,642

3.1%

International

9,387,777

9,149,908

2.6%

113,238,631

111,848,191

1.2%

Atlantic

3,196,530

3,335,361

(4.2%)

47,106,793

47,188,858

(0.2%)

Pacific

3,723,163

3,369,717

10.5%

41,640,158

40,841,434

2.0%

Latin

2,468,084

2,444,830

1.0%

24,491,680

23,817,899

2.8%

Mainline

18,857,565

18,220,551

3.5%

224,691,582

219,988,833

2.1%

Regional

2,324,061

2,434,232

(4.5%)

28,897,972

30,014,601

(3.7%)

Consolidated

21,181,626

20,654,783

2.6%

253,589,554

250,003,434

1.4%

PASSENGER LOAD FACTOR

Domestic

85.0%

85.6%

(0.6) pts

85.7%

86.3%

(0.6) pts

International

80.9%

80.3%

0.6 pts

80.1%

80.8%

(0.7) pts

Atlantic

78.5%

77.6%

0.9 pts

76.2%

79.5%

(3.3) pts

Pacific

81.3%

81.5%

(0.2) pts

82.1%

81.5%

0.6 pts

Latin

83.5%

82.4%

1.1 pts

84.2%

82.0%

2.2 pts

Mainline

83.0%

82.9%

0.1 pts

82.9%

83.5%

(0.6) pts

Regional

83.8%

83.7%

0.1 pts

83.5%

83.2%

0.3 pts

Consolidated

83.1%

83.0%

0.1 pts

82.9%

83.4%

(0.5) pts

ONBOARD PASSENGERS (000)

Mainline

8,539

8,086

5.6%

101,007

96,327

4.9%

Regional

3,376

3,517

(4.0%)

42,170

44,042

(4.3%)

Consolidated

11,915

11,603

2.7%

143,177

140,369

2.0%

CARGO REVENUE TON MILES (000)

Total

258,651

223,908

15.5%

2,805,292

2,614,125

7.3%

 

Note: See Part II, Item 6 Selected Financial Data of the company's Annual Report on Form 10-K for the year ended December 31, 2015 for the definition of these statistics

 

Fourth Quarter Preliminary Fuel Costs Per Gallon

Estimated average price per gallon of fuel, including operating cash-settled hedges1

$1.62

   Operating cash-settled hedge loss price per gallon

($0.02)

Estimated average price per gallon of fuel, excluding hedges

$1.60

Estimated average price per gallon of fuel, including operating cash-settled hedges1

$1.62

   Non-operating cash-settled hedge loss price per gallon2

$0.00

Estimated average price per gallon of fuel, including all cash-settled hedges3

$1.62

 

1This price per gallon corresponds to fuel expense in UAL's income statement

2This price per gallon corresponds to the impact of non-operating hedges that appear in non-operating expense in the income statement

3This price per gallon corresponds to the total economic cost of the company's fuel consumption including all cash-settled hedges but does not directly correspond to fuel expense in UAL's income statement

 

 

 Preliminary Operational Results 

2016

2015

Change

December On-Time Performance4

55.8%

58.4%

(2.6)

pts

December Completion Factor5

96.7%

96.6%

0.1

pts

 

4Based on consolidated scheduled flights arriving on or before scheduled arrival time

5Consolidated completion percentage



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