Brett J. Hart Named Acting CEO of United, President and CEO Oscar Munoz to Take Medical Leave

Brett J. Hart Named Acting CEO of United Airlines, President and CEO Oscar Munoz to Take Medical Leave

October 19, 2015

CHICAGO, Oct. 19, 2015 /PRNewswire/ -- United Continental Holdings, Inc. (NYSE: UAL) today announced that its president and CEO, Oscar Munoz, is on medical leave following a heart attack he suffered on Oct. 15, 2015. At this time, it is too soon to know the course of treatment and timing of recovery. The UAL board of directors has named Brett J. Hart, currently United's executive vice president and general counsel, as acting CEO. This appointment is effective immediately.

In addition to serving as United's general counsel, Hart has been responsible for government and regulatory affairs, corporate real estate, customer experience, corporate security, community affairs, contact centers and food services. Prior to joining United in 2010, Hart served as executive vice president, general counsel and corporate secretary at Sara Lee, partner at Sonnenschein Nath & Rosenthal, and special assistant to the general counsel at the U.S. Department of Treasury. Hart has a bachelor of arts degree in philosophy and English from the University of Michigan and a juris doctorate degree from the University of Chicago Law School.

Hart will work closely with Henry L. Meyer III, non-executive chairman of the board, and United's experienced executive team to run the company in Munoz's absence.

"Brett has taken on increasing responsibility beyond general counsel over the last few years in the operations and customer facing areas of the company. I am confident in his ability to continue to implement the company's strategy and Oscar's mission of bringing United's people together around the shared purpose of becoming the best airline for our customers and employees," said Meyer.

"Oscar's agenda is focused on customer service, teamwork and innovation and I, along with the executive team, will continue to move quickly to implement it," said Hart. "We believe strongly that we can continue to make steady progress on increasing shareholder value by working together to deliver a great product to our customers."

The board of directors remains actively engaged in preparing for all potential outcomes regarding the company's leadership structure.

About United

United Airlines and United Express operate an average of nearly 5,000 flights a day to 373 airports across six continents. In 2014, United and United Express operated nearly two million flights carrying 138 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C. United operates nearly 700 mainline aircraft, and this year, the airline anticipates taking delivery of 34 new Boeing aircraft, including the 787-9 and the 737-900ER. United is also welcoming 49 new Embraer E175 aircraft to United Express. The airline is a founding member of Star Alliance, which provides service to 193 countries via 27 member airlines. More than 84,000 United employees reside in every U.S. state and in countries around the world. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol UAL.

Logo - http://photos.prnewswire.com/prnh/20130404/MM89155LOGO

SOURCE United Airlines

For futher information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

United Airlines Names Lori Bradley Senior Vice President, Talent Management and Organizational Effectiveness

July 18, 2018

CHICAGO, July 18, 2018 /PRNewswire/ -- United Airlines today announced Lori Bradley has been named senior vice president, Talent Management and Organizational Effectiveness. Bradley is a veteran human resources executive, bringing more than 25 years of talent management expertise with large corporations to this newly created role with United. She will be responsible for setting and leading a global talent management strategy, including organizational design and effectiveness, talent acquisition, and diversity and inclusion, as well as learning and development programs.

"The best way to provide great customer service is with a great team. Essential to the success of United is hiring and developing talented employees so they can deliver for our customers," said Kate Gebo, executive vice president, Human Resources and Labor Relations. "The creation of this role is an investment in all 90,000 United team members, and Lori's exemplary track record of driving a high-performance culture at companies with diverse, global workforces is an excellent fit for our business."

"I look forward to building on United's already strong foundation of teamwork and inclusion to further the airline's commitment to recruit, hire, and develop talented employees to act in the best interests of United customers everywhere," said Bradley.

Bradley comes to United from PVH Corp., one of the world's largest global apparel companies, with a diversified portfolio of lifestyle apparel brands led by Calvin Klein and Tommy Hilfiger. While Bradley was at the helm of Global Talent Management for PVH, the company was recognized by Chief Learning Officer magazine as a top 100 company for Learning & Development. PVH University, of which Bradley led the creation, has received numerous awards for innovation in learning and development, most recently being recognized by HR.com as a Top Five Corporate University. Additionally, under her leadership, PVH was honored as a Best Company to Work For in Fashion, a Best Place to Work for LGBTQ Equality and as a Top 100 Diversity Organization on the Thomson Reuters Global Diversity and Inclusion Index. Bradley was recently named to the 2018 Black Enterprise list of Top Executives in Corporate Diversity.

She gained prior experience with Wyeth, Raytheon Corporation and Development Dimensions International, a global human resources consulting firm. She is returning to her roots in aviation, as she began her career as a flight attendant.

Bradley holds a Ph.D. in Industrial/Organizational Psychology from the University of North Texas. She earned her bachelor's degree in Journalism/Public Relations from the University of North Texas and her master's degree in English/Critical Theory from the University of Texas at Arlington. She will start at United on August 20, reporting to Kate Gebo, executive vice president, Human Resources and Labor Relations.

About United

United Airlines and United Express operate approximately 4,600 flights a day to 357 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 757 mainline aircraft and the airline's United Express carriers operate 551 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol "UAL".

SOURCE United Airlines

For futher information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

United Airlines Announces $2 Million Grant Among Three New York and New Jersey Non-Profits

July 18, 2018

NEWARK, N.J., July 18, 2018 /PRNewswire/ -- United Airlines (UAL) announced today a $2 million grant to be split between the Community FoodBank of New Jersey, Urban League of Essex County, and Year Up New York. These organizations were selected for their work within the local communities that surround Newark Liberty International Airport and their dedication to vital workforce development programs giving people opportunities for the future.

"We are thrilled to be able to provide support to multiple New York and New Jersey communities to help individuals build their professional and personal development job skills," said Jill Kaplan, president, New York/New Jersey for United Airlines. "The Community FoodBank of New Jersey, Urban League of Essex County, and Year Up New York align to our core values as a company and the grants will provide new opportunities for each organization to further promote their missions."

United's contribution of a half-million dollars to the Community FoodBank of New Jersey, which serves the city of Elizabeth and neighboring counties, will support the Food Service Training Academy (FSTA). The Academy is a 15 week culinary program which provides the skills and training necessary for an entry-level job in the food-service industry. FSTA is open to low-income people who are facing obstacles to employment, including formerly incarcerated individuals seeking re-entry, people in recovery from substance use disorders and women re-entering the workforce.

"The Food Service Training Academy exemplifies the Community FoodBank of New Jersey's commitment to addressing poverty, the root cause of hunger, by providing graduates with marketable job skills that can lead to a living wage," said Carlos Rodriguez, President & CEO, Community FoodBank of New Jersey. "United's generous contribution will sponsor the recruitment and education of incoming FSTA students to help break the cycle of poverty for dozens of Elizabeth residents."

Further, the donation of a half-million dollars to Urban League of Essex County will support the development and improvement of a new soft skills program for residents within the city of Newark, New Jersey to support the Newark 2020 Hire. Buy. Live. initiative. The organization supports disadvantaged urban residents through programs that drive sustainable social and economic self-sufficiency.

"The Urban League of Essex County's mission is to help families achieve economic self-sufficiency and we are very grateful for the generous grant from United Airlines to help families secure meaningful employment and manage their finances and build assets," said Vivian Cox Fraser, President and CEO, Urban League of Essex County. "The grant will allow the Urban League to provide integrated services to families that will ensure longer term success. When we help people develop the skills they need to compete for living-wage jobs, we are creating opportunities to increase economic vitality of our communities."

Lastly, the investment of one million dollars to Year Up New York will support the organization in its efforts to scale the program in New York City and create a pilot software development track, which will include data analytics, software development, and an increased focus on cyber security.

"There is a growing technology job market in New York City that is out of reach for many individuals," said John Galante, Executive Director at Year Up New York. "United's investment in Year Up New York's software development track and expansion will enable us to train our young adults with the right skills that are in-demand now and will continue to be in-demand in the future. The impact of this work will change the lives of many and give opportunities for deserving youth in New York City."

Today's announcement is the sixth in a series of announcements United is making in all its domestic hub markets over the coming weeks. Each grant is a part of a total of $8 million in grants to help address critical needs identified by local leadership in each of its hub market communities – Chicago, Denver, Houston, Los Angeles, San Francisco, Newark/New York and Washington, D.C. The announcement represents United's commitment to invest in and lift up the communities where many of its customers and employees live and work. With these grants, United will work hand-in-hand with local organizations and engage with city and community leadership to create profound, sustainable advancements.

About United

United Airlines and United Express operate approximately 4,600 flights a day to 357 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 757 mainline aircraft and the airline's United Express carriers operate 551 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol "UAL".

About Urban League of Essex County

The Urban League of Essex County was founded in 1917 by William Ashby, the first black social worker in New Jersey. The organization is an affiliate of the National Urban League, the nation's oldest and largest community based movement devoted to empowering African Americans to enter the economic and social mainstream. The Urban League of Essex County offers programs and services in education, employment, housing and economic development that empower communities and change lives.

About The Community FoodBank of New Jersey

The Community FoodBank of New Jersey, a member of Feeding America®, provides people across the state with food, help and hope. The FoodBank distributed over 56 million pounds of food last year to its more than 1,000 community partners including pantries, soup kitchens, emergency shelters, mobile pantries, and child and senior feeding programs. More than 4.7 million times a year, someone in need is fed by the FoodBank's network of partners. For our neighbors, especially families, and for the volunteers and donors who support them, the Community FoodBank of New Jersey is the powerful change agent that fills the emptiness caused by hunger with the basic human essentials people need to survive.

About Year Up

Year Up is an award-winning, national 501(c)3 organization that provides talented and motivated young adults ages 18-24 with the skills, experience, and support that will empower them to reach their potential through professional careers and higher education. Through a one-year, intensive training program, Year Up utilizes a high support, high expectations model that combines marketable job skills, stipends, coursework eligible for college credit, and corporate internships at more than 250 top companies. Its holistic approach focuses on students' professional and personal development to enable young adults with a viable path to economic self-sufficiency and meaningful careers. Year Up has served more than 19,500 young adults since its founding in 2000, and will serve more than 4,000 young adults in 2018 across 21 U.S. cities in Arizona, Baltimore, Bay Area, Chicago, Dallas/Fort Worth, Greater Atlanta, Greater Boston, Greater Philadelphia, Jacksonville, Los Angeles, National Capital Region, New York City, Providence, Puget Sound, South Florida and Wilmington. Year Up has been voted one of the "Best Non-Profits to Work For" by The NonProfit Times for eight consecutive years, and rated a 4-star charity by Charity Navigator for twelve consecutive years, placing them in the top 1% of tracked organizations.

SOURCE United Airlines

For futher information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

United Airlines Reports Second-Quarter 2018 Performance

July 17, 2018

CHICAGO, July 17, 2018 /PRNewswire/ -- United Airlines (UAL) today announced its second-quarter 2018 financial results.

  • UAL reported second-quarter net income of $684 million, diluted earnings per share of $2.48, pre-tax earnings of $857 million and pre-tax margin of 8.0 percent.
  • Excluding special charges and mark-to-market adjustments, UAL reported second-quarter net income of $889 million, diluted earnings per share of $3.23, pre-tax earnings of $1.1 billion and pre-tax margin of 10.4 percent.
  • Ranked first among largest competitors in on-time departures in the quarter.
  • UAL repurchased $407 million of its common shares in the second quarter.
  • Consolidated passenger revenue per available seat mile (PRASM) increased 3.0 percent year-over-year.
  • Consolidated total revenue per available seat mile (TRASM) increased 2.8 percent year-over-year.
  • Consolidated unit cost per available seat mile (CASM) increased 7.1 percent year-over-year.
  • Consolidated CASM, excluding special charges, third-party business expenses, fuel and profit sharing, decreased 0.4 percent year-over-year.
  • UAL now expects full-year 2018 diluted earnings per share, excluding special charges and mark-to-market adjustments, to be $7.25 to $8.751.

"We delivered great financial results and strong operational performance in the second quarter despite the significant headwind of higher fuel prices," said Oscar Munoz, chief executive officer of United Airlines. "These results are the strongest evidence yet that our strategic growth plan is working, and we are well positioned to carry our momentum into the second half of the year."

For more information on UAL's third-quarter 2018 guidance, please visit ir.united.com for the company's investor update.

Second-Quarter Highlights

Operations and Employees

  • Completed the best second-quarter on-time departure performance in United's history.
  • Received "Best-of-the-Best" Award from the National LGBT Chamber of Commerce and National Business Inclusion Consortium for commitment to diversity and inclusion across all communities.
  • Announced a total of $8 million in grants to benefit organizations in each of its domestic hub communities.
  • Became the first carrier to achieve certification through the new Audubon International Green Hospitality Program for the airline's United Club location in Terminal 7 of Los Angeles International Airport.

Customer Experience

  • Expanded personal device entertainment option to all aircraft with DIRECTV live streaming for purchase, providing at least one free entertainment option on all Wi-Fi equipped aircraft (which is any aircraft with more than 70 seats).
  • Opened three new United Polaris lounges located in San Francisco International Airport, Newark Liberty International Airport and Houston's George Bush Intercontinental Airport.
  • Announced a new relationship with The Private Suite, offering the airline's customers access to a newly built, private terminal at Los Angeles International Airport.
  • Introduced the new United Explorer Card which offers additional benefits, travel credits and discounts.

Network and Fleet

  • Launched service from Newark/New York to two new international destinations: Reykjavik, Iceland, and Porto, Portugal.
  • Announced the return of seasonal service to 25 destinations, including, among others: Athens, Greece; Glasgow, Scotland; Madrid and Barcelona, Spain; Rome and Venice, Italy; and Hamburg, Germany.
  • Announced schedule expansion at East Coast hubs in Newark/New York and Washington-Dulles to offer more nonstop flights to destinations popular with New York-area customers while reallocating largely connecting passenger flights to Washington-Dulles.
  • Took delivery of one Boeing 777-300ER aircraft and six Boeing 737 MAX 9 aircraft.
  • Became North American launch customer of the Boeing 737 MAX 9 aircraft, which took its first flight on June 7 from Houston's George Bush Intercontinental Airport to Orlando International Airport in Florida.

Earnings Call

UAL will hold a conference call to discuss second-quarter 2018 financial results and its financial and operational outlook for the third quarter and full year of 2018 on Wednesday, July 18, at 9:30 a.m. Central Time /10:30 a.m. Eastern Time. A live, listen-only webcast of the conference call will be available at ir.united.com. The webcast will be available for replay within 24 hours of the conference call and then archived on the website for three months.

About United

United Airlines and United Express operate approximately 4,600 flights a day to 357 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 757 mainline aircraft and the airline's United Express carriers operate 551 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol "UAL".

1 Excludes special charges, the nature of which are not determinable at this time, and mark-to-market impact of equity investments. Accordingly, UAL is not providing earnings guidance on a GAAP basis.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Certain statements included in this release are forward-looking and thus reflect our current expectations and beliefs with respect to certain current and future events and anticipated financial and operating performance. Such forward-looking statements are and will be subject to many risks and uncertainties relating to our operations and business environment that may cause actual results to differ materially from any future results expressed or implied in such forward-looking statements. Words such as "expects," "will," "plans," "anticipates," "indicates," "believes," "estimates," "forecast," "guidance," "outlook," "goals" and similar expressions are intended to identify forward-looking statements. Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as statements which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. All forward-looking statements in this release are based upon information available to us on the date of this release. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except as required by applicable law. Our actual results could differ materially from these forward-looking statements due to numerous factors including, without limitation, the following: general economic conditions (including interest rates, foreign currency exchange rates, investment or credit market conditions, crude oil prices, costs of aircraft fuel and energy refining capacity in relevant markets); economic and political instability and other risks of doing business globally, including political developments that may impact our operations in certain countries; demand for travel and the impact that global economic and political conditions have on customer travel patterns; competitive pressures on pricing and on demand; demand for transportation in the markets in which we operate; our capacity decisions and the capacity decisions of our competitors; the effects of any hostilities, act of war or terrorist attack; the effects of any technology failures or cybersecurity breaches; the impact of regulatory, investigative and legal proceedings and legal compliance risks; disruptions to our regional network; the ability of other air carriers with whom we have alliances or partnerships to provide the services contemplated by the respective arrangements with such carriers; costs associated with any modification or termination of our aircraft orders; potential reputational or other impact from adverse events in our operations, the operations of our regional carriers or the operations of our code share partners; our ability to attract and retain customers; our ability to execute our operational plans and revenue-generating initiatives, including optimizing our revenue; our ability to control our costs, including realizing benefits from our resource optimization efforts, cost reduction initiatives and fleet replacement programs; the impact of any management changes; our ability to cost-effectively hedge against increases in the price of aircraft fuel if we decide to do so; any potential realized or unrealized gains or losses related to any fuel or currency hedging programs; labor costs; our ability to maintain satisfactory labor relations and the results of any collective bargaining agreement process with our union groups; any disruptions to operations due to any potential actions by our labor groups; an outbreak of a disease that affects travel demand or travel behavior; U.S. or foreign governmental legislation, regulation and other actions (including Open Skies agreements and environmental regulations); industry consolidation or changes in airline alliances; our ability to comply with the terms of our various financing arrangements; the costs and availability of financing; our ability to maintain adequate liquidity; the costs and availability of aviation and other insurance; weather conditions; our ability to utilize our net operating losses to offset future taxable income; the impact of changes in tax laws; the success of our investments in airlines in other parts of the world; and other risks and uncertainties set forth under Part I, Item 1A., "Risk Factors," of our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, as well as other risks and uncertainties set forth from time to time in the reports we file with the U.S. Securities and Exchange Commission.

-tables attached-

On January 1, 2018, United Continental Holdings, Inc. ("UAL") adopted Accounting Standards Update No. 2014-09 (Topic 606), Revenue from Contracts with Customers, and Accounting Standards Update No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. As such, certain previously reported 2017 figures are adjusted in this report on a basis consistent with the new standards. See the Current Report on Form 8-K filed by UAL with the Securities and Exchange Commission on March 1, 2018 for additional information.

UNITED CONTINENTAL HOLDINGS, INC.

STATEMENTS OF CONSOLIDATED OPERATIONS (UNAUDITED) (A)




Three Months Ended
June 30,


%
Increase/



Six Months Ended
June 30,


%
Increase/


(In millions, except per share data)


2018


2017


(Decrease)



2018


2017


(Decrease)


Operating revenue:















Passenger


$

9,880



$

9,151



8.0




$

18,030



$

16,804



7.3



Cargo


314



273



15.0




607



511



18.8



Other operating revenue


583



584



(0.2)




1,172



1,119



4.7



Total operating revenue


10,777



10,008



7.7




19,809



18,434



7.5


















Operating expense:















Salaries and related costs


2,878



2,842



1.3




5,604



5,478



2.3



Aircraft fuel


2,390



1,669



43.2




4,355



3,229



34.9



Regional capacity purchase


681



549



24.0




1,300



1,085



19.8



Landing fees and other rent


603



541



11.5




1,161



1,085



7.0



Depreciation and amortization


557



536



3.9




1,098



1,054



4.2



Aircraft maintenance materials and outside repairs


438



472



(7.2)




878



926



(5.2)



Distribution expenses


393



385



2.1




735



704



4.4



Aircraft rent


119



152



(21.7)




246



331



(25.7)



Special charges (C)


129



44



NM




169



95



NM



Other operating expenses


1,428



1,381



3.4




2,826



2,690



5.1



Total operating expense


9,616



8,571



12.2




18,372



16,677



10.2


















Operating income


1,161



1,437



(19.2)




1,437



1,757



(18.2)


















Operating margin


10.8%


14.4%


(3.6)pts.



7.3%


9.5%


(2.2)pts.


Operating margin, excluding special charges (Non-GAAP)


12.0%


14.8%


(2.8)pts.



8.1%


10.0%


(1.9)pts.

















Nonoperating income (expense):















Interest expense


(177)



(167)



6.0




(353)



(329)



7.3



Interest capitalized


14



21



(33.3)




33



44



(25.0)



Interest income


25



13



92.3




42



24



75.0



Miscellaneous, net (C)


(166)



(27)



NM




(118)



(69)



71.0



Total nonoperating expense


(304)



(160)



90.0




(396)



(330)



20.0


















Income before income taxes


857



1,277



(32.9)




1,041



1,427



(27.0)


















Pre-tax margin


8.0%


12.8%


(4.8)pts.



5.3%


7.7%


(2.4)pts.


Pre-tax margin, excluding special charges and mark-to-market ("MTM") losses on equity investments (Non-GAAP)


10.4%


13.2%


(2.8)pts.



6.6%


8.3%


(1.7)pts.

















Income tax expense (D)


173



456



(62.1)




210



507



(58.6)



Net income


$

684



$

821



(16.7)




$

831



$

920



(9.7)


















Earnings per share, diluted


$

2.48



$

2.67



(7.1)




$

2.96



$

2.96





Weighted average shares, diluted


275.6



307.7



(10.4)




280.2



311.1



(9.9)


















NM Not meaningful











UNITED CONTINENTAL HOLDINGS, INC.

STATISTICS




Three Months Ended
June 30,


%
Increase/



Six Months Ended
June 30,


%
Increase/




2018


2017


(Decrease)



2018


2017


(Decrease)


Mainline:















Passengers (thousands)


29,589



28,084



5.4




54,191



51,909



4.4



Revenue passenger miles (millions)


53,485



50,554



5.8




97,595



92,737



5.2



Available seat miles (millions)


63,061



60,473



4.3




117,859



113,527



3.8



Cargo ton miles (millions)


855



828



3.3




1,672



1,576



6.1



Passenger revenue per available seat mile (cents)


12.76



12.39



3.0




12.44



12.08



3.0



Average yield per revenue passenger mile (cents)


15.04



14.82



1.5




15.02



14.79



1.6



Aircraft in fleet at end of period


757



748



1.2




757



748



1.2



Average stage length (miles)


1,823



1,821



0.1




1,818



1,812



0.3



Average daily utilization of each aircraft (hours: minutes)


11:07



10:46



3.3




10:32



10:16



2.6



Average aircraft fuel price per gallon


$

2.24



$

1.62



38.3




$

2.17



$

1.66



30.7



Fuel gallons consumed (millions)


885



867



2.1




1,656



1,628



1.7


















Regional:















Passengers (thousands)


11,469



10,163



12.9




21,362



19,443



9.9



Revenue passenger miles (millions)


6,460



5,802



11.3




12,199



11,230



8.6



Available seat miles (millions)


7,641



6,994



9.3




14,820



13,748



7.8



Passenger revenue per available seat mile (cents)


24.02



23.72



1.3




22.73



22.44



1.3



Average yield per revenue passenger mile (cents)


28.41



28.59



(0.6)




27.62



27.47



0.5



Aircraft in fleet at end of period


551



475



16.0




551



475



16.0



Average stage length (miles)


552



558



(1.1)




558



565



(1.2)



Average aircraft fuel price per gallon


$

2.38



$

1.71



39.2




$

2.29



$

1.75



30.9



Fuel gallons consumed (millions)


173



156



10.9




334



305



9.5


















Consolidated (Mainline and Regional):















Passengers (thousands)


41,058



38,247



7.3




75,553



71,352



5.9



Revenue passenger miles (millions)


59,945



56,356



6.4




109,794



103,967



5.6



Available seat miles (millions)


70,702



67,467



4.8




132,679



127,275



4.2



Passenger load factor:















Consolidated


84.8%


83.5%


1.3pts.



82.8%


81.7%


1.1pts.


Domestic


87.1%


86.8%


0.3pts.



85.1%


85.2%


(0.1)pts.


International


81.7%


79.5%


2.2pts.



79.7%


77.5%


2.2pts.


Passenger revenue per available seat mile (cents)


13.97



13.56



3.0




13.59



13.20



3.0



Total revenue per available seat mile (cents)


15.24



14.83



2.8




14.93



14.48



3.1



Average yield per revenue passenger mile (cents)


16.48



16.24



1.5




16.42



16.16



1.6



Aircraft in fleet at end of period


1,308



1,223



7.0




1,308



1,223



7.0



Average stage length (miles)


1,460



1,475



(1.0)




1,452



1,464



(0.8)



Average full-time equivalent employees (thousands)


86.7



86.0



0.8




86.2



85.6



0.7



Average aircraft fuel price per gallon


$

2.26



$

1.63



38.7




$

2.19



$

1.67



31.1



Fuel gallons consumed (millions)


1,058



1,023



3.4




1,990



1,933



2.9




Note: See Part II, Item 6, Selected Financial Data, of UAL's Annual Report on Form 10-K for the fiscal year ended December 31, 2017, for definitions of these statistics.

UNITED CONTINENTAL HOLDINGS, INC.

SUMMARY FINANCIAL METRICS (A)




Three Months Ended
June 30,


%
Increase/



Six Months Ended
June 30,


%
Increase/




2018


2017


(Decrease)



2018


2017


(Decrease)


(In millions, except per share data)















Operating income


$

1,161



$

1,437



(19.2)




$

1,437



$

1,757



(18.2)



Operating margin


10.8%


14.4%


(3.6)pts.



7.3%


9.5%


(2.2)pts.


Operating income, excluding special charges (Non-GAAP)


1,290



1,481



(12.9)




1,606



1,852



(13.3)



Operating margin, excluding special charges (Non-GAAP)


12.0%


14.8%


(2.8)pts.



8.1%


10.0%


(1.9)pts.

















EBITDA, excluding special charges and MTM losses on equity investments (Non-GAAP)


$

1,816



$

1,990



(8.7)




$

2,676



$

2,837



(5.7)



EBITDA margin, excluding special charges and MTM losses on equity investments (Non-GAAP)


16.9%


19.9%


(3.0)pts.



13.5%


15.4%


(1.9)pts.

















Pre-tax income


$

857



$

1,277



(32.9)




$

1,041



$

1,427



(27.0)



Pre-tax margin


8.0%


12.8%


(4.8)pts.



5.3%


7.7%


(2.4)pts.


Pre-tax income, excluding special charges and MTM losses on equity investments (Non-GAAP)


1,121



1,321



(15.1)




1,300



1,522



(14.6)



Pre-tax margin, excluding special charges and MTM losses on equity investments (Non-GAAP)


10.4%


13.2%


(2.8)pts.



6.6%


8.3%


(1.7)pts.

















Net income


$

684



$

821



(16.7)




$

831



$

920



(9.7)



Net income, excluding special charges and MTM losses on equity investments (Non-GAAP)


889



849



4.7




1,032



981



5.2


















Diluted earnings per share


$

2.48



$

2.67



(7.1)




$

2.96



$

2.96





Diluted earnings per share, excluding special charges and MTM losses on equity investments (Non-GAAP)


3.23



2.76



17.0




3.68



3.15



16.8


















Net cash provided by operating activities


$

2,442



$

1,561



56.4




$

4,175



$

2,108



98.1


















Capital expenditures


$

755



$

1,089



(30.7)




$

1,734



$

1,780



(2.6)



Adjusted capital expenditures (Non-GAAP)


783



1,247



(37.2)




1,796



2,601



(30.9)


















Free cash flow, net of financings (Non-GAAP)


$

1,687



$

472



257.4



$

2,441



$

328



NM



Free cash flow (Non-GAAP)


1,659



314



428.3



2,379



(493)



NM


















NM Not meaningful











UNITED CONTINENTAL HOLDINGS, INC.

RETURN ON INVESTED CAPITAL (ROIC) - Non-GAAP


ROIC is a non-GAAP financial measure that we believe provides useful supplemental information for management and investors by measuring the effectiveness of our operations' use of invested capital to generate profits.



(in millions)

Twelve Months Ended
June 30, 2018

Net Operating Profit After Tax ("NOPAT")


Pre-tax income

$

2,654


Special charges and MTM losses on equity investments (C):


Impairment of assets

159


MTM losses on equity investments

90


Severance and benefit costs

63


(Gains) losses on sale of assets and other special charges

28


Pre-tax income excluding special charges and MTM losses on equity investments (Non-GAAP)

2,994


add: Interest expense (net of income tax benefit) (a)

689


add: Interest component of capitalized aircraft rent (net of income tax benefit) (a)

260


add: Net interest on pension (net of income tax benefit) (a)

10


less: Income taxes paid

(24)


NOPAT (Non-GAAP)

$

3,929






Average Invested Capital (five-quarter average)


Total assets

$

43,205


add: Capitalized aircraft operating leases (b)

4,227


less: Non-interest bearing liabilities (c)

(16,957)


Average invested capital (Non-GAAP)

$

30,475




Return on invested capital (Non-GAAP)

12.9

%





(a)

Income tax benefit measured based on the effective cash tax rate. The effective cash tax rate is calculated by dividing cash taxes paid by pre-tax income excluding special charges. For the twelve months ended June 30, 2018, the effective cash tax rate was 0.8%.

(b)

The purpose of this adjustment is to capitalize the impact of aircraft operating leases. The company uses a multiple of seven times its annual aircraft rent expense to estimate the potential capitalized value and related liability of its aircraft. This is a simplified method used by many rating agencies and financial analysts to assist with the impact of operating leases on financial measures like return on invested capital.

(c)

Non-interest bearing liabilities include advance ticket sales, frequent flyer deferred revenue, deferred income taxes and other non-interest bearing liabilities.

UNITED CONTINENTAL HOLDINGS, INC.

NON-GAAP FINANCIAL RECONCILIATION


(A) UAL evaluates its financial performance utilizing various accounting principles generally accepted in the United States of America (GAAP) and Non-GAAP financial measures, including operating income (loss), excluding special charges, operating margin excluding special charges, pre-tax income (loss), excluding special charges and MTM gains and losses on equity investments, pre-tax margin, excluding special charges and MTM gains and losses on equity investments, net income (loss), excluding special charges and MTM gains and losses on equity investments, diluted earnings (loss) per share, excluding special charges and MTM gains and losses on equity investments, and CASM, excluding special charges, third-party business expenses, fuel, and profit sharing, among others. UAL believes that adjusting for special charges is useful to investors because special charges are not indicative of UAL's ongoing performance. UAL believes that adjusting for MTM gains and losses on equity investments is useful to investors because those unrealized gains or losses may not ultimately be realized on a cash basis.


CASM is a common metric used in the airline industry to measure an airline's cost structure and efficiency. UAL reports CASM excluding special charges, third-party business expenses, fuel and profit sharing. UAL believes that adjusting for special charges is useful to investors because special charges are not indicative of UAL's ongoing performance. UAL also believes that excluding third-party business expenses, such as maintenance, ground handling and catering services for third parties and fuel sales, provides more meaningful disclosure because these expenses are not directly related to UAL's core business. UAL also believes that excluding fuel costs from certain measures is useful to investors because it provides an additional measure of management's performance excluding the effects of a significant cost item over which management has limited influence. UAL excludes profit sharing because this exclusion allows investors to better understand and analyze our recurring cost performance and provides a more meaningful comparison of our core operating costs to the airline industry.

Reconciliations of reported non-GAAP financial measures to the most directly comparable GAAP financial measures are included below.




Three Months Ended
June 30,


%
Increase/


Six Months Ended
June 30,


%
Increase/



2018


2017


(Decrease)


2018


2017


(Decrease)

CASM Mainline Operations (cents)













Cost per available seat mile (CASM)


13.08



12.27



6.6



13.31



12.68



5.0


Special charges (C)


0.20



0.07



NM



0.14



0.09



NM


Third-party business expenses


0.05



0.07



(28.6)



0.05



0.06



(16.7)


Fuel expense


3.14



2.32



35.3



3.05



2.38



28.2


CASM, excluding special charges, third-party business expenses and fuel


9.69



9.81



(1.2)



10.07



10.15



(0.8)


Profit sharing per available seat mile


0.17



0.25



(32.0)



0.10



0.15



(33.3)


CASM, excluding special charges, third-party business expenses, fuel, and profit sharing


9.52



9.56



(0.4)



9.97



10.00



(0.3)















CASM Consolidated Operations (cents)













Cost per available seat mile (CASM)


13.60



12.70



7.1



13.85



13.10



5.7


Special charges (C)


0.18



0.07



NM



0.13



0.07



NM


Third-party business expenses


0.04



0.05



(20.0)



0.05



0.06



(16.7)


Fuel expense


3.38



2.47



36.8



3.28



2.54



29.1


CASM, excluding special charges, third-party business expenses and fuel


10.00



10.11



(1.1)



10.39



10.43



(0.4)


Profit sharing per available seat mile


0.16



0.23



(30.4)



0.09



0.14



(35.7)


CASM, excluding special charges, third-party business expenses, fuel, and profit sharing


9.84



9.88



(0.4)



10.30



10.29



0.1


UNITED CONTINENTAL HOLDINGS, INC.

NON-GAAP FINANCIAL RECONCILIATION (Continued)




Three Months Ended
June 30,


$
Increase/


%
Increase/


Six Months Ended
June 30,


$
Increase/


%
Increase/

(in millions)


2018


2017


(Decrease)


(Decrease)


2018


2017


(Decrease)


(Decrease)

Operating expenses


$

9,616



$

8,571



$

1,045



12.2



$

18,372



$

16,677



$

1,695



10.2


Special charges (C)


129



44



85



NM



169



95



74



NM


Operating expenses, excluding special charges


9,487



8,527



960



11.3



18,203



16,582



1,621



9.8


Third-party business expenses


29



41



(12)



(29.3)



60



81



(21)



(25.9)


Fuel expense


2,390



1,669



721



43.2



4,355



3,229



1,126



34.9


Profit sharing, including taxes


108



154



(46)



(29.9)



125



174



(49)



(28.2)


Operating expenses, excluding fuel, profit sharing, special charges and third-party business expenses


$

6,960



$

6,663



$

297



4.5



$

13,663



$

13,098



$

565



4.3



















Operating income


$

1,161



$

1,437



$

(276)



(19.2)



$

1,437



$

1,757



$

(320)



(18.2)


Special charges (C)


129



44



85



NM



169



95



74



NM


Operating income, excluding special charges


$

1,290



$

1,481



$

(191)



(12.9)



$

1,606



$

1,852



$

(246)



(13.3)



















Pre-tax income


$

857



$

1,277



$

(420)



(32.9)



$

1,041



$

1,427



$

(386)



(27.0)


Special charges and MTM losses on equity investments before income taxes (C)


264



44



220



NM



259



95



164



NM


Pre-tax income excluding special charges and MTM losses on equity investments


$

1,121



$

1,321



$

(200)



(15.1)



$

1,300



$

1,522



$

(222)



(14.6)



















Net income


$

684



$

821



$

(137)



(16.7)



$

831



$

920



$

(89)



(9.7)


Special charges and MTM losses on equity investments, net of tax (C)


205



28



177



NM



201



61



140



NM


Net income, excluding special charges and MTM losses on equity investments


$

889



$

849



$

40



4.7



$

1,032



$

981



$

51



5.2



















Diluted earnings per share


$

2.48



$

2.67



$

(0.19)



(7.1)



$

2.96



$

2.96



$




Special charges and MTM losses on equity investments


0.96



0.14



0.82



NM



0.92



0.31



0.61



NM


Tax effect related to special charges and MTM losses on equity investments


(0.21)



(0.05)



(0.16)



NM



(0.20)



(0.12)



(0.08)



NM


Diluted earnings per share, excluding special charges and MTM losses on equity investments


$

3.23



$

2.76



$

0.47



17.0



$

3.68



$

3.15



$

0.53



16.8


UNITED CONTINENTAL HOLDINGS, INC.

NON-GAAP FINANCIAL RECONCILIATION (Continued)


UAL provides financial metrics, including earnings before interest, taxes, depreciation and amortization (EBITDA), excluding special charges and MTM gains and losses on equity investments that we believe provide useful supplemental information for management and investors by measuring profit and profit as a percentage of total operating revenues. UAL believes that adjusting for special charges is useful to investors because special charges are not indicative of UAL's ongoing performance. UAL believes that adjusting for MTM gains and losses on equity investments is useful to investors because those unrealized gains or losses may not ultimately be realized on a cash basis.




Three Months Ended
June 30,




Six Months Ended
June 30,


EBITDA, excluding special charges and MTM losses on equity investments (in millions)


2018


2017




2018


2017














Net income


$

684



$

821





$

831



$

920



Adjusted for:












Depreciation and amortization


557



536





1,098



1,054



Interest expense


177



167





353



329



Interest capitalized


(14)



(21)





(33)



(44)



Interest income


(25)



(13)





(42)



(24)



Income tax expense (D)


173



456





210



507



Special charges before income taxes (C)


129



44





169



95



MTM losses on equity investments (C)


135







90





EBITDA, excluding special charges and MTM losses on equity investments (Non-GAAP)


$

1,816



$

1,990





$

2,676



$

2,837





UAL believes that adjusting capital expenditures for assets acquired through the issuance of debt and capital leases, airport construction financing and excluding fully reimbursable projects is useful to investors in order to appropriately reflect the non-reimbursable funds spent on capital expenditures. UAL also believes that adjusting net cash provided by operating activities for capital expenditures and adjusted capital expenditures is useful to allow investors to evaluate the company's ability to generate cash that is available for debt service or general corporate initiatives.




Three Months Ended
June 30,


Six Months Ended
June 30,

Capital Expenditures (in millions)


2018


2017


2018


2017

Capital expenditures


$

755



$

1,089



$

1,734



$

1,780


Property and equipment acquired through the issuance of debt and capital leases


65



196



139



907


Airport construction financing




11



12



32


Fully reimbursable projects


(37)



(49)



(89)



(118)


Adjusted capital expenditures (Non-GAAP)


$

783



$

1,247



$

1,796



$

2,601











Free Cash Flow (in millions)









Net cash provided by operating activities


$

2,442



$

1,561



$

4,175



$

2,108


Less capital expenditures


755



1,089



1,734



1,780


Free cash flow, net of financings (Non-GAAP)


$

1,687



$

472



$

2,441



$

328











Net cash provided by operating activities


$

2,442



$

1,561



$

4,175



$

2,108


Less adjusted capital expenditures (Non-GAAP)


783



1,247



1,796



2,601


Free cash flow (Non-GAAP)


$

1,659



$

314



$

2,379



$

(493)


UNITED CONTINENTAL HOLDINGS, INC.

NOTES (UNAUDITED)


(B) Select passenger revenue information is as follows (in millions):




2Q 2018
Passenger
Revenue
(millions)


Passenger
Revenue
vs.
2Q 2017


PRASM
vs.
2Q 2017


Yield
vs.
2Q 2017


Available
Seat Miles
vs.
2Q 2017












Mainline


$

4,395


8.7%


1.7%


1.6%


6.9%

Regional


1,786


10.6%


0.9%


(1.0%)


9.6%

Domestic


6,181


9.2%


1.7%


1.3%


7.4%












Atlantic


1,824


12.9%


7.9%


0.9%


4.7%

Pacific


1,103


3.7%


3.4%


4.3%


0.2%

Latin America


772


(5.2%)


(2.9%)


(4.2%)


(2.3%)

International


3,699


5.9%


4.3%


1.4%


1.6%












Consolidated


$

9,880


8.0%


3.0%


1.5%


4.8%























Mainline


$

8,045


7.4%


3.0%


1.5%


4.3%

Regional


1,835


10.6%


1.3%


(0.6%)


9.3%

Consolidated


$

9,880









UNITED CONTINENTAL HOLDINGS, INC.

NOTES (UNAUDITED)


(C) Special charges and MTM losses on equity investments include the following:




Three Months Ended
June 30,


Six Months Ended
June 30,

(In millions)


2018


2017


2018


2017

Operating:









Impairment of assets


$

111



$



$

134



$


Severance and benefit costs


11



41



25



78


(Gains) losses on sale of assets and other special charges


7



3



10



17


Total special charges


129



44



169



95


Nonoperating MTM losses on equity investments


135





90




Total special charges and MTM losses on equity investments


264



44



259



95


Income tax benefit related to special charges


(29)



(16)



(38)



(34)


Income tax benefit related to MTM losses on equity investments


(30)





(20)




Total special charges and MTM losses on equity investments, net of income taxes


$

205



$

28



$

201



$

61



Impairment of assets: In May 2018, the Brazil–United States open skies agreement was ratified, which provides air carriers with unrestricted access between the United States and Brazil. The company determined that the approval of the open skies agreement impaired the entire value of its Brazil route authorities because the agreement removes all limitations or reciprocity requirements for flights between the United States and Brazil. Accordingly, the company recorded a $105 million special charge ($82 million net of taxes) to write off the entire value of the intangible asset associated with its Brazil routes. This asset is not part of any collateral pledged against any of the company's borrowings. The company continues to maintain its slot assets related to Brazil since airport access is still restricted by slot allocations that are limited by airport facility constraints. For the three and six months ended June 30, 2018, the company also recorded $6 million ($5 million net of taxes) and $29 million ($22 million net of taxes), respectively, of fair value adjustments related to aircraft purchased off lease and other impairments related to certain fleet types and international slots no longer in use.


Severance and benefit costs: During the three and six months ended June 30, 2018, the company recorded severance and benefit costs related to a voluntary early-out program for its technicians and related employees represented by the International Brotherhood of Teamsters of $6 million ($4 million net of taxes) and $14 million ($11 million net of taxes), respectively. In the first quarter of 2017, approximately 1,000 technicians and related employees elected to voluntarily separate from the company and will receive a severance payment, with a maximum value of $100,000 per participant, based on years of service, with retirement dates through 2018. Also during the three and six months ended June 30, 2018, the company recorded other management severance of $5 million ($4 million net of taxes) and $11 million ($8 million net of taxes), respectively.


During the three and six months ended June 30, 2017, the company recorded $36 million ($23 million net of taxes) and $57 million ($37 million net of taxes), respectively, of severance and benefit costs related to the voluntary early-out program for its technicians and related employees, and $5 million ($3 million net of taxes) and $21 million ($13 million net of taxes), respectively, of management severance.


(Gains) losses on sale of assets and other special charges: During the three and six months ended June 30, 2018, the Company recorded $7 million ($5 million net of taxes) and $10 million ($8 million net of taxes), respectively, of other special charges related primarily to contract termination of regional aircraft operations in Guam.


MTM losses on equity investments: During the three and six months ended June 30, 2018, the company recorded losses of $135 million ($105 million net of taxes) and $90 million ($70 million net of taxes), respectively, for the change in market value of its investment in Azul, S.A. For equity investments subject to MTM accounting, the company records gains and losses to Nonoperating income (expense): Miscellaneous, net in its statements of consolidated operations.


(D) Effective tax rate


The company's effective tax rate for the three and six months ended June 30, 2018 was 20.2%, and the effective tax rate for the three and six months ended June 30, 2017 was 35.7% and 35.5%, respectively. The effective tax rate represents a blend of federal, state and foreign taxes and included the impact of certain nondeductible items. The effective tax rate for the three and six months ended June 30, 2018 also reflects the reduced federal corporate income tax rate as a result of the enactment of the Tax Cuts and Jobs Act (the "Tax Act") in December 2017 and the impact of a change in the company's mix of domestic and foreign earnings. We continue to analyze the different aspects of the Tax Act which could potentially affect the provisional estimates that were recorded at December 31, 2017.

SOURCE United Airlines

For futher information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

United Airlines Announces Fleet Update

July 16, 2018

CHICAGO, July 16, 2018 /PRNewswire/ -- United Airlines (UAL) today announced orders to purchase 25 new Embraer E-175 and 4 new Boeing 787-9 aircraft. United expects to take delivery of the Embraer E-175 aircraft in 2019 and expects to take delivery of the Boeing 787-9 aircraft in 2020.

The 25 new E-175 aircraft will replace 25 CRJ-700 aircraft currently being flown by our United Express partners. These new E-175 purchases will allow United to offer a more comfortable and efficient aircraft to its customers.

The new 787-9 aircraft are part of United's widebody fleet replacement strategy. The 787-9 is the longest-range version of the aircraft, while using 20 percent less fuel than older-generation aircraft. It will offer the airline's all-new United Polaris business class seats and other modern amenities to provide a superior onboard experience to United's customers.

"These new 787 aircraft are another step in our widebody replacement strategy, and we will continue to roll out new announcements in the future as we implement our comprehensive fleet plan," said Gerry Laderman, United's senior vice president of finance and acting chief financial officer. "The new E-175 aircraft will provide our customers with a superior product that offers the latest in onboard amenities and comfort and will be a terrific addition to our fleet."

Today's announcement does not change UAL's previous adjusted capital expenditure guidance. The company will continue to evaluate opportunities to purchase used aircraft.

About United

United Airlines and United Express operate approximately 4,600 flights a day to 357 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 757 mainline aircraft and the airline's United Express carriers operate 551 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol "UAL".

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Certain statements included in this release are forward-looking and thus reflect our current expectations and beliefs with respect to certain current and future events and anticipated financial and operating performance. Such forward-looking statements are and will be subject to many risks and uncertainties relating to our operations and business environment that may cause actual results to differ materially from any future results expressed or implied in such forward-looking statements. Words such as "expects," "will," "plans," "anticipates," "indicates," "believes," "estimates," "forecast," "guidance," "outlook," "goals" and similar expressions are intended to identify forward-looking statements. Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as statements which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. All forward-looking statements in this release are based upon information available to us on the date of this release. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except as required by applicable law. Our actual results could differ materially from these forward-looking statements due to numerous factors including, without limitation, the following: general economic conditions (including interest rates, foreign currency exchange rates, investment or credit market conditions, crude oil prices, costs of aircraft fuel and energy refining capacity in relevant markets); economic and political instability and other risks of doing business globally, including political developments that may impact our operations in certain countries; demand for travel and the impact that global economic and political conditions have on customer travel patterns; competitive pressures on pricing and on demand; demand for transportation in the markets in which we operate; our capacity decisions and the capacity decisions of our competitors; the effects of any hostilities, act of war or terrorist attack; the effects of any technology failures or cybersecurity breaches; the impact of regulatory, investigative and legal proceedings and legal compliance risks; disruptions to our regional network; the ability of other air carriers with whom we have alliances or partnerships to provide the services contemplated by the respective arrangements with such carriers; costs associated with any modification or termination of our aircraft orders; potential reputational or other impact from adverse events in our operations, the operations of our regional carriers or the operations of our code share partners; our ability to attract and retain customers; our ability to execute our operational plans and revenue-generating initiatives, including optimizing our revenue; our ability to control our costs, including realizing benefits from our resource optimization efforts, cost reduction initiatives and fleet replacement programs; the impact of any management changes; our ability to cost-effectively hedge against increases in the price of aircraft fuel if we decide to do so; any potential realized or unrealized gains or losses related to any fuel or currency hedging programs; labor costs; our ability to maintain satisfactory labor relations and the results of any collective bargaining agreement process with our union groups; any disruptions to operations due to any potential actions by our labor groups; an outbreak of a disease that affects travel demand or travel behavior; U.S. or foreign governmental legislation, regulation and other actions (including Open Skies agreements and environmental regulations); industry consolidation or changes in airline alliances; our ability to comply with the terms of our various financing arrangements; the costs and availability of financing; our ability to maintain adequate liquidity; the costs and availability of aviation and other insurance; weather conditions; our ability to utilize our net operating losses to offset future taxable income; the impact of changes in tax laws; the success of our investments in airlines in other parts of the world; and other risks and uncertainties set forth under Part I, Item 1A., "Risk Factors," of our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, as well as other risks and uncertainties set forth from time to time in the reports we file with the U.S. Securities and Exchange Commission.

SOURCE United Airlines

For futher information: United Airlines Worldwide Media Relations, 872-825-8640, media.relations@united.com

United Airlines Announces $1 Million Grant To Help California Foster Youth Succeed

July 13, 2018

LOS ANGELES, July 13, 2018 /PRNewswire/ -- Today, United Airlines announced a $1 million grant to First Place for Youth in support of their My First Place program. The four-year investment will enable First Place to expand wraparound support services to 50 percent more foster youth in the region. First Place will strengthen career-focused programming and provide the tools to help secure meaningful employment and increase lifetime earning potential for Angeleno foster youth.

With this grant, First Place for Youth will dramatically expand its reach, moving more high-risk foster youth 16 to 24 years old from homelessness into safe, affordable apartments and giving them the skills they need to compete in the job market and to realize long-term self-sufficiency. The Los Angeles nonprofit will be able to enroll more young people in academically rigorous linked learning programs that result in industry-recognized certificates that can lead to a living-wage career.

"As California's global airline, United cares deeply about investing in the state's future," said United's President of California Janet Lamkin. "Los Angeles County is home to one-third of California's foster youth and we are proud to help First Place target growth in high-needs areas of the community, like South Los Angeles, and help ensure California's youth have increased access to high-quality programs that lead to employment in a wide variety of fields, including aviation."

"Everyone deserves access to the opportunity to earn a paycheck and succeed, especially our most vulnerable young people," said Los Angeles Mayor Eric Garcetti. "Through our HIRE LA's Youth program, partners like United Airlines and First Place For Youth are helping our young people find jobs, start careers, and realize their dreams."

Over the next four years, United's investment in the My First Place program will help First Place for Youth provide Los Angeles' foster youth with safe, stable housing, individualized education and employment counseling and healthy living support services. United will work hand-in-hand with the local organization and engage with city and community leadership to create profound, sustainable advancements for the city's foster youth population.

"We are so grateful for the incredible generosity of United Airlines as they expand their impact in Los Angeles. With this investment, First Place will support more than 650 young people who grew up in foster care, helping them move into their first apartment, make progress in school, and secure jobs that lead to living-wage careers. We believe that all young people deserve the opportunity to achieve their full potential in life," said Hellen Hong, Interim CEO and Chief Regional Office at First Place for Youth.

Today's announcement is the fifth in a series of announcements United is making in all of its domestic hub markets over the coming weeks. Each grant is a part of a total of $8 million in grants to help address critical needs identified by local leadership in each of its hub market communities – Chicago, Denver, Houston, Los Angeles, San Francisco, Newark/New York and Washington, D.C. The announcement represents United's commitment to invest in and lift up the communities where many of its customers and employees live and work.

About United

United Airlines and United Express operate approximately 4,600 flights a day to 357 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 757 mainline aircraft and the airline's United Express carriers operate 551 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol "UAL".

About First Place For Youth

First Place for Youth serves nearly 2,000 foster youth, ages 16-24, across California each year and is the state's largest provider of housing and support services for this vulnerable population. Program participants receive safe, stable housing, individualized education and employment counseling, and healthy living support services so that they can build the skills necessary to make a successful transition to adulthood. Headquartered in Oakland, CA, First Place operates its Southern California regional office in Los Angeles, and county offices in Contra Costa, San Francisco, Santa Clara, and Solano, as well as through affiliate partnerships in Boston, MA and the state of Mississippi. Since 1998, First Place has supported more than 10,000 foster kids in beating the odds and proving that more is possible. For more information, visit firstplaceforyouth.com, follow @FPFY on Twitter, or connect on Facebook.

SOURCE United Airlines

For futher information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

United Airlines' Redesigned Homepage Takes Off

July 12, 2018

CHICAGO, July 12, 2018 /PRNewswire/ -- Today, United Airlines (UAL) announced the redesigned united.com homepage, featuring a more personalized digital experience for each customer and an updated, more modern, user-friendly design. The new homepage was created to better tailor the experience for customers, while also improving functionality and ease of use.

For additional images visit United's media library


Some of the key highlights of the new homepage include:

  • A more contemporary, user-friendly design
  • Content personalized based on customer's MileagePlus status as well as upcoming, current and previous trips
  • A new display that is fully responsive for optimal viewing on desktop and mobile devices
  • A travel inspiration integration section that allows customers to explore curated content from different destinations United serves will be available later this year
Each one of our customers is unique and has different needs for his or her travel, and our goal with this new homepage is to provide customers with a more seamless experience, said Praveen Sharma, vice president of digital products and analytics. "Personalizing our digital offerings is just another step towards giving our customers the experience and the products that they ask for."

United's homepage is the starting point where most of its customers begin their journey. These latest efforts reiterate the airline's dedication to improving the travel experience for its customers, beginning before they book a flight.

The airline first began rolling out the new homepage in April, and continued expanding to more and more users, while adding additional functionality throughout the phased roll out. The site will be live to all customers in early August.

Earlier this year, United updated its mobile website, adding a more optimized display, additional flexibility to adjust flights throughout the site, Japanese language and point of sale and more. The new design of United's homepage will also appear on the airline's mobile website, creating a more seamless experience when managing travel and bookings across a variety of different devices.

Today's announcement is just the latest in United's commitment to invest in all of its platforms to give customers the tools and information they desire to travel with ease.

About United

United Airlines and United Express operate approximately 4,600 flights a day to 357 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 757 mainline aircraft and the airline's United Express carriers operate 551 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol "UAL".

SOURCE United Airlines

For futher information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

United Airlines to Hold Live Webcast of Second-Quarter 2018 Financial Results

July 06, 2018

CHICAGO, July 6, 2018 /PRNewswire/ -- United Airlines will hold a conference call to discuss second-quarter 2018 financial results on Wednesday, July 18, at 9:30 a.m. CT/10:30 a.m. ET. A live, listen-only webcast of the conference call will be available at ir.united.com. The company will issue its second-quarter financial results and third-quarter investor update after market close on Tuesday, July 17.

The webcast will be available for replay within 24 hours of the conference call and then archived on the website for three months.

Impairment of Brazil Routes

For second quarter 2018, the company expects to record a special charge of $105 million ($82 million net of taxes) related to an expected non-cash impairment associated with its Brazil routes. In May 2018, the Brazil–United States open skies agreement was ratified, which provides air carriers with unrestricted access between the United States and Brazil. The company determined that the approval of the open skies agreement impaired the entire value of its Brazil route authorities because the agreement removes all limitations or reciprocity requirements for flights between the United States and Brazil. Accordingly, the company expects to record this special charge to write off the entire value of the intangible asset associated with its Brazil routes. This asset is not part of any collateral pledged against any of the company's borrowings.

About United

United Airlines and United Express operate approximately 4,600 flights a day to 357 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 757 mainline aircraft and the airline's United Express carriers operate 551 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol "UAL".

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

Certain statements included in this release are forward-looking and thus reflect our current expectations and beliefs with respect to certain current and future events and anticipated financial and operating performance. Such forward-looking statements are and will be subject to many risks and uncertainties relating to our operations and business environment that may cause actual results to differ materially from any future results expressed or implied in such forward-looking statements. Words such as "expects," "will," "plans," "anticipates," "indicates," "believes," "estimates," "forecast," "guidance," "outlook," "goals" and similar expressions are intended to identify forward-looking statements. Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as statements which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. All forward-looking statements in this release are based upon information available to us on the date of this release. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except as required by applicable law. Our actual results could differ materially from these forward-looking statements due to numerous factors including, without limitation, the following: general economic conditions (including interest rates, foreign currency exchange rates, investment or credit market conditions, crude oil prices, costs of aircraft fuel and energy refining capacity in relevant markets); economic and political instability and other risks of doing business globally, including political developments that may impact our operations in certain countries; demand for travel and the impact that global economic and political conditions have on customer travel patterns; competitive pressures on pricing and on demand; demand for transportation in the markets in which we operate; our capacity decisions and the capacity decisions of our competitors; the effects of any hostilities, act of war or terrorist attack; the effects of any technology failures or cybersecurity breaches; the impact of regulatory, investigative and legal proceedings and legal compliance risks; disruptions to our regional network; the ability of other air carriers with whom we have alliances or partnerships to provide the services contemplated by the respective arrangements with such carriers; costs associated with any modification or termination of our aircraft orders; potential reputational or other impact from adverse events in our operations, the operations of our regional carriers or the operations of our code share partners; our ability to attract and retain customers; our ability to execute our operational plans and revenue-generating initiatives, including optimizing our revenue; our ability to control our costs, including realizing benefits from our resource optimization efforts, cost reduction initiatives and fleet replacement programs; the impact of any management changes; our ability to cost-effectively hedge against increases in the price of aircraft fuel if we decide to do so; any potential realized or unrealized gains or losses related to any fuel or currency hedging programs; labor costs; our ability to maintain satisfactory labor relations and the results of any collective bargaining agreement process with our union groups; any disruptions to operations due to any potential actions by our labor groups; an outbreak of a disease that affects travel demand or travel behavior; U.S. or foreign governmental legislation, regulation and other actions (including Open Skies agreements and environmental regulations); industry consolidation or changes in airline alliances; our ability to comply with the terms of our various financing arrangements; the costs and availability of financing; our ability to maintain adequate liquidity; the costs and availability of aviation and other insurance; weather conditions; our ability to utilize our net operating losses to offset future taxable income; the impact of changes in tax laws; the success of our investments in airlines in other parts of the world; and other risks and uncertainties set forth under Part I, Item 1A., "Risk Factors," of our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, as well as other risks and uncertainties set forth from time to time in the reports we file with the U.S. Securities and Exchange Commission.

SOURCE United Airlines

For futher information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

United Reports June 2018 Operational Performance

July 10, 2018

CHICAGO, July 10, 2018 /PRNewswire/ -- United Airlines (UAL) today reported June 2018 operational results.

UAL's June 2018 consolidated traffic (revenue passenger miles) increased 7.2 percent and consolidated capacity (available seat miles) increased 4.2 percent versus June 2017. UAL's June 2018 consolidated load factor increased 2.5 points compared to June 2017.

June Highlights

  • As part of a previously announced $8 million commitment, announced a total of $3 million in grants to our hub communities in Houston; Washington, DC; and Denver - $1 million to the Houston Food Bank in support of its School Market program, $1 million to the Year Up National Capital Region, and $1 million to Warren Village, a Denver nonprofit organization.
  • Completed the best on-time departure rate of any summer month and the fewest controllable cancellations of any June in United history.
  • Introduced the new United Explorer Card which offers additional benefits, travel credits and discounts.
  • Became the first North American carrier to operate the fuel efficient Boeing 737 MAX 9 aircraft.
  • Opened the new United Polaris lounge at George Bush Intercontinental Airport in Houston, the third of four Polaris lounges expected to open this year.

About United

United Airlines and United Express operate approximately 4,600 flights a day to 357 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 757 mainline aircraft and the airline's United Express carriers operate 551 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol "UAL".

Preliminary Operational Results




June


Year-to-Date



2018

2017

Change


2018

2017

Change










REVENUE PASSENGER MILES (000)









Domestic

12,402,046

11,486,442

8.0%


63,090,862

59,337,722

6.3%


Mainline

10,252,388

9,606,457

6.7%


51,344,799

48,546,418

5.8%


Regional

2,149,658

1,879,985

14.3%


11,746,063

10,791,304

8.8%


International

9,339,438

8,802,176

6.1%


46,702,674

44,629,377

4.6%


Atlantic

4,337,220

3,840,347

12.9%


18,188,214

16,309,965

11.5%


Pacific

3,038,212

3,020,271

0.6%


16,987,537

16,763,543

1.3%


Latin

1,964,006

1,941,558

1.2%


11,526,923

11,555,869

(0.3%)


Mainline

1,886,125

1,871,725

0.8%


11,074,497

11,116,666

(0.4%)


Regional

77,881

69,833

11.5%


452,426

439,203

3.0%


Consolidated

21,741,484

20,288,618

7.2%


109,793,536

103,967,099

5.6%










AVAILABLE SEAT MILES (000)









Domestic

13,935,904

13,140,909

6.0%


74,100,164

69,663,220

6.4%


Mainline

11,444,210

10,900,210

5.0%


59,892,389

56,547,402

5.9%


Regional

2,491,694

2,240,699

11.2%


14,207,775

13,115,818

8.3%


International

10,720,097

10,523,689

1.9%


58,578,845

57,611,511

1.7%


Atlantic

4,893,280

4,691,113

4.3%


23,157,597

22,262,483

4.0%


Pacific

3,534,361

3,530,620

0.1%


21,625,592

21,279,851

1.6%


Latin

2,292,456

2,301,956

(0.4%)


13,795,656

14,069,177

(1.9%)


Mainline

2,191,939

2,209,517

(0.8%)


13,183,048

13,437,289

(1.9%)


Regional

100,517

92,439

8.7%


612,608

631,888

(3.1%)


Consolidated

24,656,001

23,664,598

4.2%


132,679,009

127,274,731

4.2%










PASSENGER LOAD FACTOR









Domestic

89.0%

87.4%

1.6 pts


85.1%

85.2%

(0.1) pts


Mainline

89.6%

88.1%

1.5 pts


85.7%

85.9%

(0.2) pts


Regional

86.3%

83.9%

2.4 pts


82.7%

82.3%

0.4 pts


International

87.1%

83.6%

3.5 pts


79.7%

77.5%

2.2 pts


Atlantic

88.6%

81.9%

6.7 pts


78.5%

73.3%

5.2 pts


Pacific

86.0%

85.5%

0.5 pts


78.6%

78.8%

(0.2) pts


Latin

85.7%

84.3%

1.4 pts


83.6%

82.1%

1.5 pts


Mainline

86.0%

84.7%

1.3 pts


84.0%

82.7%

1.3 pts


Regional

77.5%

75.5%

2.0 pts


73.9%

69.5%

4.4 pts


Consolidated

88.2%

85.7%

2.5 pts


82.8%

81.7%

1.1 pts










ONBOARD PASSENGERS (000)









Mainline

10,663

10,087

5.7%


54,191

51,909

4.4%


Regional

3,992

3,476

14.8%


21,362

19,443

9.9%


Consolidated

14,655

13,563

8.1%


75,553

71,352

5.9%










CARGO REVENUE TON MILES (000)









Total

287,874

279,974

2.8%


1,672,216

1,575,732

6.1%










OPERATIONAL PERFORMANCE









Mainline Departure Performance1

63.2

64.5

(1.3)






Mainline Completion Factor

99.5

99.5

0.0






1 Based on mainline scheduled flights departing by or before scheduled departure time

Note: See Part II, Item 6, Selected Financial Data, of the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2017 for the definitions of these statistics

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements included in this release are forward-looking and thus reflect our current expectations and beliefs with respect to certain current and future events and anticipated financial and operating performance. Such forward-looking statements are and will be subject to many risks and uncertainties relating to our operations and business environment that may cause actual results to differ materially from any future results expressed or implied in such forward-looking statements. Words such as "expects," "will," "plans," "anticipates," "indicates," "believes," "estimates," "forecast," "guidance," "outlook," "goals" and similar expressions are intended to identify forward-looking statements. Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as statements which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. All forward-looking statements in this release are based upon information available to us on the date of this release. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except as required by applicable law. Our actual results could differ materially from these forward-looking statements due to numerous factors including, without limitation, the following: general economic conditions (including interest rates, foreign currency exchange rates, investment or credit market conditions, crude oil prices, costs of aircraft fuel and energy refining capacity in relevant markets); economic and political instability and other risks of doing business globally, including political developments that may impact our operations in certain countries; demand for travel and the impact that global economic and political conditions have on customer travel patterns; competitive pressures on pricing and on demand; demand for transportation in the markets in which we operate; our capacity decisions and the capacity decisions of our competitors; the effects of any hostilities, act of war or terrorist attack; the effects of any technology failures or cybersecurity breaches; the impact of regulatory, investigative and legal proceedings and legal compliance risks; disruptions to our regional network; the ability of other air carriers with whom we have alliances or partnerships to provide the services contemplated by the respective arrangements with such carriers; costs associated with any modification or termination of our aircraft orders; potential reputational or other impact from adverse events in our operations, the operations of our regional carriers or the operations of our code share partners; our ability to attract and retain customers; our ability to execute our operational plans and revenue-generating initiatives, including optimizing our revenue; our ability to control our costs, including realizing benefits from our resource optimization efforts, cost reduction initiatives and fleet replacement programs; the impact of any management changes; our ability to cost-effectively hedge against increases in the price of aircraft fuel if we decide to do so; any potential realized or unrealized gains or losses related to any fuel or currency hedging programs; labor costs; our ability to maintain satisfactory labor relations and the results of any collective bargaining agreement process with our union groups; any disruptions to operations due to any potential actions by our labor groups; an outbreak of a disease that affects travel demand or travel behavior; U.S. or foreign governmental legislation, regulation and other actions (including Open Skies agreements and environmental regulations); industry consolidation or changes in airline alliances; our ability to comply with the terms of our various financing arrangements; the costs and availability of financing; our ability to maintain adequate liquidity; the costs and availability of aviation and other insurance; weather conditions; our ability to utilize our net operating losses to offset future taxable income; the impact of changes in tax laws; the success of our investments in airlines in other parts of the world; and other risks and uncertainties set forth under Part I, Item 1A., "Risk Factors," of our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, as well as other risks and uncertainties set forth from time to time in the reports we file with the U.S. Securities and Exchange Commission.

SOURCE United Airlines

For futher information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

United Airlines Earns Top Marks on Disability Equality Index

July 09, 2018

CHICAGO, July 9, 2018 /PRNewswire/ -- Announced today, United Airlines (UAL) achieved the top score of 100 percent on the 2018 Disability Equality Index, a prominent benchmarking metric that rates U.S. companies on their disability inclusion policies and practices. This designation also earns United a place on DEI's 2018 "Best Places to Work" list.

The DEI is a dual initiative between the American Association of People with Disabilities and the US Business Leadership Network, jointly designed by disability advocates and business leaders as a highly trusted comprehensive benchmarking tool for disability inclusion. The Index measures key performance indicators across organizational culture, leadership, accessibility, employment, community engagement, support services and supplier diversity.

United hopes to build a more inclusive economy and world for all people through such actions as developing and employing anti-discrimination policies, implementing employee training focused on inclusion and creating and expanding Business Resource Groups across the U.S. and internationally for employees, which, beginning in the fall, will include a disability-focused Business Resource Group.

"United's leading diversity and inclusion initiatives represent the company's commitment to engaging with and advocating for people with disabilities," said Kate Gebo, Executive Vice President of Human Resources and Labor Relations at United Airlines. "Across our company, we continuously evaluate ways to build a more inclusive workforce so that all people feel included in the United family."

Earlier this year, United also announced its partnership with Special Olympics, which has a strong history of bringing people together around the world. Both organizations share a common vision to end discrimination against people with intellectual disabilities. Additionally, United works closely with airports across all its hubs to host initiatives such as Wings for All, a program that enables young travelers on the autism spectrum to visit the airport and practice going through the full travel experience without ever leaving the ground.

United is one of 126 Fortune 1000 companies that received 100 percent on the 2018 DEI. This perfect score is partly due to advancements in United's e-commerce and digital accessibility, giving employees the option to voluntarily disclose disabilities on an internal human resources portal, and a robust supplier diversity program. United also collaborates with different divisions to develop training programming that trains employees on how to effectively work with diverse colleagues.

About United

United Airlines and United Express operate approximately 4,600 flights a day to 357 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 757 mainline aircraft and the airline's United Express carriers operate 551 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol "UAL".

SOURCE United Airlines

For futher information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

United Airlines Announces $1 Million Grant To Denver Nonprofit Warren Village

June 29, 2018

DENVER, June 29, 2018 /PRNewswire/ -- United Airlines announced today a $1 million grant to Warren Village, a Denver nonprofit organization that has been helping low-income, single-parent families make the journey from poverty to self-sufficiency using a two-generational model since 1974.

"Warren Village is a wonderful organization that is helping address Denver's homelessness through a comprehensive program designed to help single parents achieve sustainable stability for not only themselves, but their families, too," United's Vice President of Denver Operations Steve Jaquith said. "We're looking forward to partnering with Warren Village to help them in their mission to provide education, skills, hope and a bright future for those who need it most."

United's investment will provide both program and growth support for Warren Village, including improvements to the program and a focus on increasing participation. Additionally, United will be engaging their Denver employees in a variety of volunteer activities with Warren Village.

"United's extraordinary generosity demonstrates their commitment to Denver and will enable us to enhance the strength and quality of our core programs and support our desire to expand our positive impact in the community," said Ethan Hemming, President and CEO of Warren Village.

Warren Village takes a holistic, multi-generational approach to supporting families as they work towards becoming self-sufficient by providing safe and affordable housing, comprehensive educational and career guidance for adults, and by providing nurturing and caring early education for children while parents are working hard to change their trajectory.

"United's investment is exactly the kind of private support our nonprofits need," said Governor John Hickenlooper. "Warren Village provides parents a 'hand-up' to build steady foundations for families. This donation will go a long way in their ability to advance this life-changing work."

Today's announcement is the fourth in a series of announcements United is making in all of its domestic hub markets over the coming weeks. Each grant is a part of a total of $8 million in grants to help address critical needs identified by local leadership in each of its hub market communities – Chicago, Denver, Houston, Los Angeles, San Francisco, Newark/New York and Washington, D.C. The announcement represents United's commitment to invest in and lift up the communities where many of its customers and employees live and work.

"The generous grant from United is a tremendous investment in Warren Village and the important work they are doing to help Denver's low-income families in a sustainable and transformational way," said Denver Mayor Michael B. Hancock. "We're proud to support Warren Village and United in their partnership to help Denver families thrive."

Throughout these four-year grants, United will work hand-in-hand with local organizations and engage with city and community leadership to create profound, sustainable advancements. Future announcements will include grant recipients in New York/New Jersey, Los Angeles and San Francisco.

"Our shared purpose is connecting people and uniting the world, and we're thrilled to support that purpose by using our people, planes and network to do good," said Sharon Grant, United's Vice President of Community Affairs. "Supporting organizations like Warren Village in Denver helps the community thrive, and United is proud to be a partner in making that happen."

About United

United Airlines and United Express operate approximately 4,600 flights a day to 354 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 750 mainline aircraft and the airline's United Express carriers operate 545 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 191 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol "UAL".

About Warren Village

Warren Village has been a trusted partner in the Denver community since 1974 and exists so that low-income, single-parent families can achieve sustainable personal and economic self-sufficiency. Warren Village offers a safe place to call home; wrap-around family support services including workforce training, educational advancement, and life-skills classes; and a nationally accredited early learning center for children six weeks to 10 years of age. www.warrenvillage.org

SOURCE United Airlines

For futher information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

United Airlines Announces $1 Million Grant in National Capital Region

June 27, 2018

WASHINGTON, June 27, 2018 /PRNewswire/ -- United Airlines announced today a $1 million grant to the Year Up National Capital Region to provide professional skills and transportation resources to the students in the program. The announcement represents United's commitment to invest in and lift up the communities where many of its customers and employees live and work.

At its Washington Dulles hub, United shared that it will work with the nonprofit organization Year Up to help close the "Opportunity Divide," specifically addressing the main barriers to the organization's program participants in the capital region: transportation and examination fees. By providing needed stipends and shuttle transportation from Year Up locations to internships and training opportunities in the region that would be difficult to reach without a personal vehicle, this grant will enable Year Up to provide motivated and talented young adults with technical and professional skills training to achieve upward economic mobility and access to meaningful careers within one year.

"Lifting up communities to provide a better life for our fellow citizens and brighter future for all people is at the heart of what we do at United to give back, which is why this partnership is fitting," said Sharon Grant, United Vice President of Community Affairs. "We are proud to provide the resources Year Up needs in securing a brighter future for youth in the National Capital Region."

"More than 40 percent of our young adults face transportation challenges, and this grant will allow us to provide more transportation resources at all stages of the program, as well as deepen other student services support," said Guylaine Saint Juste, Executive Director of Year Up National Capital Region. "The generous grant from United Airlines will be able provide our students with more resources and remove barriers to their success."

Nearly 100 United Airlines employees based at Washington Dulles and Year Up students from around the region attended today's $1 million event. Following the announcement, Year Up students paired up with United employees for one-on-one mentoring, career coaching and a tour of the airfield and a 767 aircraft.

"The United Dulles hub has a long history of helping the communities we serve. Today's announcement underscores the importance of taking the lead to partner with local organizations like Year Up to make a meaningful impact in the region," said Omar Idris, Managing Director, United's Washington Dulles hub. "We hope that our efforts to immerse students into the airline industry will encourage and motivate them to dream big."

Today's event is the third in a series of announcements United is making in all of its domestic hub markets over the coming weeks. Each grant is part of a total of $8 million in grants to help address pressing issues identified by local leadership in each of its domestic hub market communities – Washington, D.C., Chicago, Denver, Houston, Los Angeles, San Francisco and Newark/New York. The announcement represents United's commitment to invest in and lift up the communities where many of its customers and employees live and work.

Throughout these four-year grants, United will work hand-in-hand with local organizations and engage with city and community leadership to create profound, sustainable advancements. Future announcements will include grant recipients in New York/New Jersey; Denver; Los Angeles and San Francisco.

About United

United Airlines and United Express operate approximately 4,600 flights a day to 354 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 750 mainline aircraft and the airline's United Express carriers operate 545 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 191 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol "UAL".

About Year Up

Year Up is an award-winning, national 501(c)3 organization that provides talented and motivated young adults ages 18-24 with the skills, experience, and support that will empower them to reach their potential through professional careers and higher education. Through a one-year, intensive training program, Year Up utilizes a high support, high expectations model that combines marketable job skills, stipends, coursework eligible for college credit, and corporate internships at more than 250 top companies. Its holistic approach focuses on students' professional and personal development to enable young adults with a viable path to economic self-sufficiency and meaningful careers. Year Up has served more than 19,500 young adults since its founding in 2000, and will serve more than 4,000 young adults in 2018 across 21 U.S. cities in Arizona, Baltimore, Bay Area, Chicago, Dallas/Fort Worth, Greater Atlanta, Greater Boston, Greater Philadelphia, Jacksonville, Los Angeles, National Capital Region, New York City, Providence, Puget Sound, South Florida and Wilmington. Year Up has been voted one of the "Best Non-Profits to Work For" by The NonProfit Times for eight consecutive years, and rated a 4-star charity by Charity Navigator for twelve consecutive years, placing them in the top 1% of tracked organizations.

SOURCE United Airlines

For futher information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

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