OREANDA-NEWS. United Airlines (UAL) today reported February 2016 operational results.

UAL's February 2016 consolidated traffic (revenue passenger miles) increased 2.7 percent and consolidated capacity (available seat miles) increased 6.0 percent versus February 2015. Excluding the impact of leap year, consolidated traffic decreased 1.0 percent and consolidated capacity increased 2.2 percent year-over-year. UAL's February 2016 consolidated load factor decreased 2.5 points compared to February 2015.

The company continues to expect first-quarter 2016 consolidated passenger unit revenue to decline 6 to 8 percent compared to the first quarter of 2015, with the decline driven largely by a strong U.S. dollar, lower surcharges, travel reductions from customers impacted by declining oil prices and softening domestic and international yields. 

About United

United Airlines and United Express operate an average of nearly 5,000 flights a day to 342 airports across six continents. In 2015, United and United Express operated nearly two million flights carrying 140 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, New York/Newark, San Francisco and Washington, D.C. United operates more than 700 mainline aircraft, and this year, the airline anticipates taking delivery of 20 new Boeing aircraft, including 737 NGs, 787s and 777s. The airline is a founding member of Star Alliance, which provides service to 192 countries via 28 member airlines. Approximately 84,000 United employees reside in every U.S. state and in countries around the world. The common stock of United's parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol UAL.

Preliminary Operational Results
 
   

 February

  

Year-to-Date
   

2016

2015

Change

 

2016

2015

Change

                 

 REVENUE PASSENGER MILES (000)

             
 

Domestic

6,347,769

6,101,440

4.0%

  

12,901,297

12,606,649

2.3%
                 
 

International

5,936,937

5,851,063

1.5%

  

12,934,183

12,835,533

0.8%
 

Atlantic

1,838,478

1,997,352

(8.0%)

  

4,142,066

4,456,002

(7.0%)
 

Pacific

2,380,701

2,391,780

(0.5%)

  

5,150,543

5,189,279

(0.7%)
 

Latin

1,717,758

1,461,931

17.5%

  

3,641,574

3,190,252

14.1%
                 
 

Mainline

12,284,706

11,952,503

2.8%

  

25,835,480

25,442,182

1.5%
 

Regional

1,780,500

1,740,320

2.3%

  

3,651,000

3,651,882

0.0%
 

Consolidated

14,065,206

13,692,823

2.7%

  

29,486,480

29,094,064

1.3%
                 

AVAILABLE SEAT MILES (000)

              
 

Domestic

7,789,155

7,272,906

7.1%

  

15,642,995

15,101,386

3.6%
                 
 

International

8,227,027

7,796,376

5.5%

  

17,075,472

16,628,119

2.7%
 

Atlantic

3,006,635

2,985,601

0.7%

  

6,217,628

6,298,206

(1.3%)
 

Pacific

3,066,565

2,980,721

2.9%

  

6,420,239

6,430,388

(0.2%)
 

Latin

2,153,827

1,830,054

17.7%

  

4,437,605

3,899,525

13.8%
                 
 

Mainline

16,016,182

15,069,282

6.3%

  

32,718,467

31,729,505

3.1%
 

Regional

2,243,027

2,149,951

4.3%

  

4,600,993

4,571,602

0.6%
 

Consolidated

18,259,209

17,219,233

6.0%

  

37,319,460

36,301,107

2.8%
                 

PASSENGER LOAD FACTOR

              
 

Domestic

81.5%

83.9%

(2.4) pts

  

82.5%

83.5%

(1.0) pt
                 
 

International

72.2%

75.0%

(2.8) pts

  

75.7%

77.2%

(1.5) pts
 

Atlantic

61.1%

66.9%

(5.8) pts

  

66.6%

70.8%

(4.2) pts
 

Pacific

77.6%

80.2%

(2.6) pts

  

80.2%

80.7%

(0.5) pts
 

Latin

79.8%

79.9%

(0.1) pts

  

82.1%

81.8%

0.3 pts
                 
 

Mainline

76.7%

79.3%

(2.6) pts

  

79.0%

80.2%

(1.2) pts
 

Regional

79.4%

80.9%

(1.5) pts

  

79.4%

79.9%

(0.5) pts
 

Consolidated

77.0%

79.5%

(2.5) pts

  

79.0%

80.1%

(1.1) pts
                 

ONBOARD PASSENGERS (000)

              
 

Mainline

6,840

6,392

7.0%

  

14,017

13,254

5.8%
 

Regional

3,063

3,077

(0.5%)

  

6,244

6,408

(2.6%)
 

Consolidated

9,903

9,469

4.6%

  

20,261

19,662

3.0%
                 

CARGO REVENUE TON MILES (000)

              
 

Total

195,470

221,575

(11.8%)

  

396,513

422,196

(6.1%)

First Quarter Preliminary Fuel Costs Per Gallon
 

Estimated average price per gallon of fuel, excluding hedges

$1.21 - $1.26

   Operating cash-settled hedge loss price per gallon

$0.16

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

$1.37 - $1.42

     Non-operating cash-settled hedge loss price per gallon2

$0.01

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

$1.38 - $1.43
   
 

1This price per gallon corresponds to fuel expense in the 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 the income statement
 

 Preliminary Operational Results6
       
 

2016

2015

Change

February On-Time Performance4

69.6%

49.9%

19.7 pts

February Completion Factor5

97.2%

94.8%

2.4 pts
             

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

5Consolidated completion percentage

6 The Company's operational results for January on-time performance and completion factor percentages as reported in its January 2016 traffic report have been adjusted positively.  January on-time performance was 65.1% in 2016 and 52.4% in 2015.  January completion factor was 95.4% in 2016 and 96.4% in 2015.
                       

 

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