United Airlines reports December 2015 operational performance

CHICAGO, IL – United Airlines today reported December 2015 operational results.

UAL’s December 2015 consolidated traffic (revenue passenger miles) increased 1.5 percent and consolidated capacity (available seat miles) increased 2.2 percent versus December 2014. UAL’s December 2015 consolidated load factor decreased 0.5 points compared to December 2014.

Preliminary Operational Results

December Year-to-Date
2015 2014 Change 2015 2014 Change

REVENUE PASSENGER MILES (000)
Domestic 7,763,750 7,475,993 3.8% 93,310,381 90,621,955 3.0%

International 7,348,858 7,190,719 2.2% 90,332,113 88,393,537 2.2%
Atlantic 2,587,269 2,674,077 (3.2%) 37,492,500 37,816,354 (0.9%)
Pacific 2,746,177 2,743,507 0.1% 33,299,439 32,436,250 2.7%
Latin 2,015,412 1,773,135 13.7% 19,540,174 18,140,933 7.7%

Mainline 15,112,608 14,666,712 3.0% 183,642,494 179,015,492 2.6%
Regional 2,036,267 2,222,396 (8.4%) 24,968,714 26,543,723 (5.9%)
Consolidated 17,148,875 16,889,108 1.5% 208,611,208 205,559,215 1.5%

AVAILABLE SEAT MILES (000)
Domestic 9,070,643 8,707,926 4.2% 108,140,642 105,385,056 2.6%

International 9,149,908 8,842,788 3.5% 111,848,191 108,720,099 2.9%
Atlantic 3,335,361 3,323,183 0.4% 47,188,858 46,962,844 0.5%
Pacific 3,369,717 3,376,541 (0.2%) 40,841,434 39,894,823 2.4%
Latin 2,444,830 2,143,064 14.1% 23,817,899 21,862,432 8.9%

Mainline 18,220,551 17,550,714 3.8% 219,988,833 214,105,155 2.7%
Regional 2,434,232 2,665,909 (8.7%) 30,014,601 31,915,444 (6.0%)
Consolidated 20,654,783 20,216,623 2.2% 250,003,434 246,020,599 1.6%

PASSENGER LOAD FACTOR
Domestic 85.6% 85.9% (0.3) pts 86.3% 86.0% 0.3 pts

International 80.3% 81.3% (1.0) pt 80.8% 81.3% (0.5) pts
Atlantic 77.6% 80.5% (2.9) pts 79.5% 80.5% (1.0) pt
Pacific 81.5% 81.3% 0.2 pts 81.5% 81.3% 0.2 pts
Latin 82.4% 82.7% (0.3) pts 82.0% 83.0% (1.0) pt

Mainline 82.9% 83.6% (0.7) pts 83.5% 83.6% (0.1) pts
Regional 83.7% 83.4% 0.3 pts 83.2% 83.2% 0.0 pts
Consolidated 83.0% 83.5% (0.5) pts 83.4% 83.6% (0.2) pts

ONBOARD PASSENGERS (000)
Mainline 8,086 7,516 7.6% 96,327 91,475 5.3%
Regional 3,517 3,810 (7.7%) 44,042 46,554 (5.4%)
Consolidated 11,603 11,326 2.4% 140,369 138,029 1.7%

CARGO REVENUE TON MILES (000)
Total 223,908 224,393 (0.2%) 2,614,125 2,486,785 5.1%

Fourth Quarter Preliminary Fuel Costs Per Gallon

Estimated average price per gallon of fuel, excluding hedges $1.52
Operating cash-settled hedge loss price per gallon $0.18
Estimated average price per gallon of fuel, including operating cash-settled hedges1 $1.70
Non-operating cash-settled hedge loss price per gallon2 $0.12
Estimated average price per gallon of fuel, including all cash-settled hedges3 $1.82

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

2 This price per gallon corresponds to the impact of non-operating hedges that appear in non-operating expense in the income statement

3 This 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 Results

2015 2014 Change
December On-Time Performance4 77.9% 72.4% 5.5 pts
December Completion Factor5 98.4% 99.2% (0.8) pts

4Based on domestic mainline scheduled flights arriving within 14 minutes of scheduled arrival time, according to data published in the DOT Air Travel Consumer Report
5Mainline completion percentage