United Q1 2014 loss exacerbated by severe weather

25 April 2014

United Airlines (NYSE: UAL) said it has reported a first-quarter 2014 net loss of USD489m, or USD1.33 per share, excluding USD120m of special items. Including special items, UAL reported a first-quarter 2014 net loss of USD609m, or USD1.66 per share.

Historic severe weather increased United´s first-quarter loss by approximately USD200m.

United´s consolidated passenger revenue per available seat mile decreased 2.0 percent in the first quarter of 2014 compared to the first quarter of 2013. Weather-related cancellations reduced first-quarter 2014 consolidated PRASM by approximately 1.5 percentage points.

First-quarter 2014 consolidated unit costs (CASM) increased 1.0 percent year-over-year. First-quarter 2014 consolidated CASM, excluding special charges, third-party business expenses, fuel and profit sharing, increased 3.1 percent year-over-year on a consolidated capacity reduction of 0.3 percent.

United Airlines and United Express operate an average of more than 5,300 flights a day to more than 360 airports across six continents. For more information, visit united.com.

0saves
If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.

Comments are closed.

Powered by WordPress