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United States

United Continental Holdings Inc (UAL)

UAL on New York Consolidated

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27 Jul 2016
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Latest Key Developments (Source: Significant Developments)

United Continental Holdings sees Q3 pre-tax profit margin of 13.5 pct-16.5 pct
Tuesday, 19 Jul 2016 04:18pm EDT 

United Continental Holdings Inc : Sees Q3 pre-tax profit margin of 13.5 percent - 16.5 percent . Sees FY capacity growth up between 1 percent and 1.5 percent from year ago, compared with prior plans to grow between 1 percent and 2 percent .Sees Q3 passenger unit revenue (PRASM) down between 5.5 percent and 7.5 percent from a year ago.  Full Article

United Continental sees Q3 gross capital expenditures $620-$ 640 Mln
Tuesday, 19 Jul 2016 04:18pm EDT 

United Continental Holdings Inc : Sees Q3 Consolidated Casm Excluding Special Charges 12.01-12.25 ¢/ASM . Based on july 13, 2016 fuel forward curve, expects total q3 hedge loss of approximately $20 million, or $0.02 per gallon . For the full-year 2016, the company expects a hedge loss of approximately $235 million, or $0.06 per gallon . For 2016, expects to pay about 9.4% of total adjusted earnings as profit sharing to employees . United Continental Holdings Inc Sees Fy Consolidated Casm Excluding Special Charges 12.08-12.27 ¢/Asm . Sees decline q3 unit passenger revenue to be driven primarily by demand growth not keeping pace with capacity growth . United Continental Holdings Inc Sees Q3 Gross Capital Expenditures $620 - $ 640 Mln . Sees q3 consolidated capacity year-over-year up 1.5 % to 2.5 % .United Continental Holdings Inc Sees Fy Gross Capital Expenditures $3,100 - $ 3,300 Mln.  Full Article

United Continental Holdings reports Q2 EPS of $2.61, excluding special items
Tuesday, 19 Jul 2016 04:15pm EDT 

United Continental Holdings Inc : Board authorizes new $2 billion share buyback . Q2 earnings per share $2.61, excluding special items . Q2 passenger unit revenue (PRASM) down 6.6 percent year over year .Q2 earnings per share view $2.56 -- Thomson Reuters I/B/E/S.  Full Article

United Airlines reaches non-prosecution agreement in Port Authority investigation
Thursday, 14 Jul 2016 03:06pm EDT 

United Continental Holdings Inc : United Airlines reaches non-prosecution agreement in Port Authority investigation . United has agreed to pay a financial penalty of $2.25 million . United accepted responsibility for certain conduct related to establishment of flight between Newark and Columbia . "Agreed to continue to enhance its compliance, anti-bribery and anti-corruption program policies and procedures as appropriate" . Resolution with United States Attorney's office for District of New Jersey in connection with Port Authority investigation . Also agreed to continue to make annual reports of its compliance efforts . U.S. Attorney's office to not prosecute co related to establishment of flight between Newark Liberty airport,Columbia Metropolitan airport .Attorney's office to not prosecute company provided United complies with agreement for two years.  Full Article

United Continental says expects Q2 passenger unit revenue to decline 6.50-6.75 pct
Monday, 11 Jul 2016 04:30pm EDT 

United Continental Holdings Inc : Now expects q2 2016 consolidated passenger unit revenue to decline 6.50 to 6.75 percent compared to q2 of 2015 . United reports june 2016 operational performance . June consolidated capacity (available seat miles) increased 0.5 percent versus june 2015 . June 2016 consolidated traffic (revenue passenger miles) increased 1.4 percent . June consolidated load factor 87.1% .Sees q2 estimated average price per gallon of fuel, including all cash-settled hedges of $1.44.  Full Article

United Airlines says to start nonstop service to Havana
Thursday, 7 Jul 2016 09:33am EDT 

United Airlines : To start nonstop service to Havana .Expects to begin its first flight to Cuba from New York / Newark and Houston later this year.  Full Article

U.S.Bankruptcy court approves amended Republic Airways and United Airlines Agreement
Friday, 17 Jun 2016 03:16pm EDT 

Republic Airways Holdings : U.S. Bankruptcy court issues ruling approving amended Republic Airways - United Airlines agreement . Company anticipates court's approval will become effective on June 23, 2016 .Agreement also extends terms to all current E170S and allows for further deliveries of e175s under revised new aircraft delivery schedules.  Full Article

United Airlines May 2016 consolidated load factor fell 1.4 points vs May 2015
Wednesday, 8 Jun 2016 04:50pm EDT 

United Continental Holdings Inc : Continues to expect second-quarter 2016 consolidated passenger unit revenue to decline 6.5 to 8.5 percent compared to Q2 2015 . UAL's May 2016 consolidated load factor decreased 1.4 points compared to May 2015 . May 2016 consolidated traffic (RPM) decreased 1.2 percent, consolidated capacity (ASM) increased 0.5 percent versus May 2015 .Sees estimated average price per gallon of fuel, excluding hedges in Q2 of $1.41 - $1.46.  Full Article

Avianca advisers have sent document to potential bidders seeking a $500 million capital injection- WSJ
Thursday, 2 Jun 2016 08:06pm EDT 

: Advisers to Avianca have distributed a document to potential bidders seeking a $500 million capital injection- WSJ,citing source Source (http://on.wsj.com/1TS7mnW) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Avianca advisers have sent document to potential bidders seeking a $500 million capital injection- WSJ
Thursday, 2 Jun 2016 07:50pm EDT 

: Advisers to Avianca have distributed a document to potential bidders seeking a $500 million capital injection- WSJ,citing source Source (http://on.wsj.com/1TS7mnW) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Four U.S. airlines get OK for daytime flights to Tokyo Haneda

WASHINGTON Four U.S. carriers have won tentative approval to launch daytime U.S. flights to Tokyo's Haneda airport as early as this fall, the U.S. Transportation Department said on Wednesday.