United Airlines (UAL) Misses Q3 EPS by 2c

October 22, 2015 7:45 AM EDT

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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