United Airlines (UAL) Misses Q3 EPS by 2c
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United Airlines (NYSE: UAL) reported Q3 EPS of $4.53, $0.02 worse than the analyst estimate of $4.55. Revenue for the quarter came in at $10.31 billion versus the consensus estimate of $10.31 billion.
Investor Update | Issue Date: October 22, 2015 |
This investor update provides guidance and certain forward-looking statements about United Continental Holdings, Inc. (the “Company” or “UAL”). The information in this investor update contains the financial and operational outlook for the Company for fourth quarter and full-year 2015.
Fourth-Quarter and Full-Year 2015 Outlook | Estimated 4Q 2015 | Estimated FY 2015 | ||||||||||||||||||||||
Consolidated Capacity Year-Over-Year Change Higher/(Lower) | 1.0 | % | — | 2.0 | % | 1.4 | % | — | 1.7 | % | ||||||||||||||
Pre-Tax Margin1 | 9.5 | % | — | 11.5 | % | 11.7 | % | — | 12.1 | % | ||||||||||||||
Revenue | ||||||||||||||||||||||||
Consolidated PRASM (¢/ASM) | 12.88 | — | 12.62 | 13.18 | — | 13.12 | ||||||||||||||||||
Year-Over-Year Change Higher/(Lower) | (4.0 | %) | — | (6.0 | %) | (3.9 | %) | — | (4.4 | %) | ||||||||||||||
Cargo and Other Revenue ($M) | $ | 1,275 | — | $ | 1,375 | $ | 5,047 | — | $ | 5,147 | ||||||||||||||
Non-Fuel Operating Expense | ||||||||||||||||||||||||
Consolidated CASM Excluding Fuel, Profit Sharing & Third-Party Business Expenses1 (¢/ASM) | 9.73 | — | 9.83 | 9.54 | — | 9.57 | ||||||||||||||||||
Year-Over-Year Change Higher/(Lower) | 0.0 | % | — | 1.0 | % | (0.7 | %) | — | (0.4 | %) | ||||||||||||||
Third-Party Business Expenses2 ($M) | $ | 90 | — | $ | 100 | $ | 295 | — | $ | 305 | ||||||||||||||
Aircraft Rent ($M) | $ | 170 | — | $ | 175 | $ | 750 | — | $ | 755 | ||||||||||||||
Depreciation and Amortization ($M) | $ | 475 | — | $ | 480 | $ | 1,818 | — | $ | 1,823 | ||||||||||||||
Consolidated Fuel Expense | ||||||||||||||||||||||||
Fuel Consumption (Million Gallons) | ~950 | ~3,885 | ||||||||||||||||||||||
Fuel Price Excluding Hedges (Price per Gallon)3 | $ | 1.56 | — | $ | 1.61 | $ | 1.77 | — | $ | 1.82 | ||||||||||||||
Operating Cash-Settled Hedge Loss (Price per Gallon) | $ | 0.18 | $ | 0.15 | ||||||||||||||||||||
Fuel Price Including Operating Cash-Settled Hedges (Price per Gallon) 3, 4 | $ | 1.74 | — | $ | 1.79 | $ | 1.92 | — | $ | 1.97 | ||||||||||||||
Non-Operating Cash-Settled Hedge Loss (Price per Gallon) 3,5 | $ | 0.11 | $ | 0.08 | ||||||||||||||||||||
Fuel Price Including All Cash-Settled Hedges (Price per Gallon) 3,6 | $ | 1.85 | — | $ | 1.90 | $ | 2.00 | — | $ | 2.05 | ||||||||||||||
Non-Operating Expense7 ($M) | $ | 245 | — | $ | 275 | $ | 965 | — | $ | 995 | ||||||||||||||
Effective Income Tax Rate8 | 0 | % | 0 | % | ||||||||||||||||||||
Gross Capital Expenditures9 ($M) | $ | 455 | — | $ | 475 | $ | 3,170 | — | $ | 3,190 | ||||||||||||||
Debt and Capital Lease Payments ($M) | $ | 385 | $ | 1,995 | ||||||||||||||||||||
Pension ($M) | ||||||||||||||||||||||||
Expense | ~$ | 210 | ||||||||||||||||||||||
Cash contribution | ~$ | 800 | ||||||||||||||||||||||
Diluted Share Count10 (M) | 372 | 378 | ||||||||||||||||||||||
For earnings history and earnings-related data on United Airlines (UAL) click here.
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