Travel Agent Appreciation

UAL by the numbers

United Continental Holdings, Inc has reported second-quarter 2012 net income of US$545 million or $1.41 per diluted share, excluding $206 million of net special charges. Including special charges, UAL reported second-quarter 2012 net income of $339 million or $0.89 per diluted share. UAL’s second-quarter consolidated passenger revenue increased 2.3% year-over-year. Second-quarter consolidated passenger revenue per available seat mile (PRASM) increased 3.0% compared to the same period in 2011. Second-quarter consolidated fuel expense increased 5.6%, or $181 million, year-over-year. Consolidated unit costs (CASM) holding fuel rate and profit sharing constant and excluding special charges and third-party business expense for second-quarter 2012 increased 2.1% year-over-year. Second-quarter consolidated CASM increased 4.6% year-over-year. UAL ended the second quarter with $8.2 billion in unrestricted liquidity. UA L accrued $54 million for profit sharing, based on year-to-date profitability. Jeff Smisek, UAL’s president and CEO, commented, “I want to thank my co-workers for all they did to help us earn a profit this quarter. While we still have work to do, we are making the right investments in our future, and we look forward to delivering the benefits of those investments to our customers around the globe.”

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