United Airlines' First 737 MAX 9 Takes Flight from Houston's George Bush Intercontinental - United Hub

United Airlines' First 737 MAX 9 Takes Flight from Houston's George Bush Intercontinental

June 07, 2018

HOUSTON, June 7, 2018 /PRNewswire/ -- Today, United Airlines (UAL) became the first North American carrier to operate the fuel efficient Boeing 737 MAX 9 aircraft. The brand new plane entered service as United flight 686 between United's hub at Houston George Bush Intercontinental Airport and Orlando International Airport in Florida. The MAX is also scheduled to operate flights today between Houston and Anchorage, Alaska and Houston and Austin, Texas.

"The Boeing 737 MAX is a great addition to United's fleet, providing approximately 14 percent fuel efficiency compared to previous 737 generations and an improved customer experience onboard," said Rodney Cox, vice president of United's Houston operation. "As we begin the busy summer travel season, Houston is happy to be home for United's first MAX aircraft, as we launch initial 737 MAX service from here, and later this month, add MAX service on flights from Houston to L.A., Sacramento and Tampa."

To celebrate United's newest and "youngest" aircraft, the carrier is gifting 737 MileagePlus miles to all of its youngest MileagePlus members (members age 18 and under) who depart from Houston on one of its MAX flights today. All customers on United's first MAX flights from Houston today will also receive first flight certificates, travel cases and headphones to commemorate their trip on United's newest aircraft.

The 737 MAX utilizes Viasat next-generation satellite Wi-Fi, providing access to faster, more reliable internet connections gate to gate. United will expand Viasat Wi-Fi to more than 70 aircraft, including at least 58 new 737 MAX planes over the next three years.

The 737 MAX uses Boeing's Advanced Technology winglets and fuel efficient engines to provide a quieter ride and the ability to fly farther on less fuel. With a longer range than previous 737 models, United is able to operate the 737 MAX between Houston and Anchorage, Alaska, which previously needed to be served with larger aircraft. United expects to have 10 737 MAX aircraft in its fleet by the end of this year.

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".

SOURCE United Airlines

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

United Airlines Reports Third-Quarter 2018 Performance

October 16, 2018

CHICAGO, Oct. 16, 2018 /PRNewswire/ -- United Airlines (UAL) today announced its third-quarter 2018 financial results, reporting third-quarter net income of $836 million, diluted earnings per share of $3.06, pre-tax earnings of $1.1 billion and pre-tax margin of 9.6 percent. Tropical storms across the system are estimated to have reduced diluted earnings per share by approximately $0.07. Third-quarter diluted earnings per share increased 42 percent year-over-year. The company recaptured approximately 100 percent of its year-over-year fuel expense increase in the third quarter.

"Our stand-out third-quarter performance, which produced double-digit revenue growth as we more than offset the steep increase in fuel costs, is proof that United is building momentum," said Oscar Munoz, chief executive officer of United Airlines. "Our growth plan has been essential to our success, and we're more confident than ever we'll achieve the ambitious adjusted earnings per share1 target of $11 to $13 we laid out for 2020."

  • UAL reported third-quarter adjusted net income of $837 million, adjusted diluted earnings per share of $3.06, adjusted pre-tax earnings of $1.1 billion and adjusted pre-tax margin of 9.7 percent.2 Third-quarter adjusted diluted earnings per share increased 36 percent year-over-year.
  • Consolidated passenger revenue per available seat mile (PRASM) increased 6.1 percent year-over-year, above the high end of the company's third-quarter 2018 guidance range of up 4 percent to 6 percent.
  • Consolidated unit cost per available seat mile (CASM) increased 6.4 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's mid-continent hubs in Chicago, Denver and Houston had year-over-year capacity growth of 9.7 percent in the third quarter and led the system in unit revenue growth performance in the quarter.
  • UAL now expects full-year 2018 adjusted diluted earnings per share3 to be $8.00 to $8.75. The company currently expects to recapture approximately 90 percent of the estimated $2.5 billion year-over year increase in full-year 2018 fuel expense.

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

Third-Quarter Highlights

Customer Experience

  • Introduced a new boarding process at 1,000 gates around the world, designed to reduce customers' stress by spending less time waiting in line and providing them with improved boarding information.
  • United Airlines MileagePlus loyalty program voted Favorite Frequent-Flyer Program in Trazee Awards.
  • The United Polaris lounge at Chicago O'Hare International Airport voted Best Business Class Lounge in the United States by the 2018 World Airline Awards from Skytrax.
  • Debuted United Corporate Preferred, the industry's newest corporate travel program designed to offer top travel benefits to the company's most loyal business customers.
  • Launched the redesigned united.com homepage, featuring a more personalized digital experience for each customer.

Operations and Employees

  • In July, UAL had its best consolidated D :00 month of July in history and its highest consolidated load factor month ever.
  • Carried the most-ever customers to their destinations during the summer.
  • Consolidated completion factor at UAL's hubs in Houston, Chicago, Los Angeles and Washington Dulles reached third-quarter record levels.
  • Achieved the top score of 100 percent on the 2018 Disability Equality Index (DEI), a prominent benchmarking metric that rates U.S. companies on their disability inclusion policies and practices, also earning UAL a place on DEI's 2018 "Best Places to Work" list.

Network and Fleet

  • Announced several new international routes, including year-round nonstop service between Washington Dulles and Tel Aviv, Israel, making UAL the only airline to offer nonstop service between the two cities; daily, year-round service between San Francisco and Amsterdam; and nonstop seasonal summer service between Newark/New York and Naples, Italy, and Newark/New York and Prague, all subject to government approval.
  • Added 100 flights and more than 10,000 seats daily to 12 of the country's top ski destinations during the 2018/2019 ski season, more than 8,500 seats from U.S. hubs and eight other U.S. cities connecting more customers than ever to Las Vegas for CES 2019, and more than 204,000 total seats from September through November to popular college football towns including Madison, Wisconsin, and Columbia, South Carolina.
  • Announced orders to purchase 25 new Embraer E-175 and 13 new Boeing 787-9 aircraft.
  • Took delivery of one Boeing 737 MAX 9 aircraft and two used Boeing 767-300 aircraft.

Community and Environment

  • Committed to reducing the company's greenhouse gas emissions by 50 percent by 2050, the only U.S. airline to commit to emissions reductions, further strengthening UAL's ambition to be the world's most environmentally conscious airline.
  • Launched a Crowdrise fundraising campaign to support those affected by Hurricane Florence, Typhoon Mangkhut, flooding in Western Japan, wildfires in California and other disasters.
  • As part of a previously announced $8 million commitment, announced a $2 million grant to be split between the Community FoodBank of New Jersey, Urban League of Essex County, and Year Up New York, as well as a $1 million grant to First Place for Youth in Los Angeles, and a $1 million grant to the San Francisco Immigrant Legal and Education Network.

Earnings Call

UAL will hold a conference call to discuss third-quarter 2018 financial results and its financial and operational outlook for the fourth quarter and full year of 2018 on Wednesday, October 17, 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 4,700 flights a day to 356 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 760 mainline aircraft and the airline's United Express carriers operate 546 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 Nasdaq under the symbol "UAL".

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

2Excludes special charges, the mark-to-market impact of equity investments and imputed interest on certain capitalized leases. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures are included in the tables accompanying this release.

3Excludes special charges and the mark-to-market impact of equity investments, the nature of which are not determinable at this time, and imputed interest on certain capitalized leases. 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
September 30,


%
Increase/
(Decrease)



Nine Months Ended
September 30,


%
Increase/
(Decrease)


(In millions, except per share data)


2018


2017




2018


2017



Operating revenue:















Passenger (B)


$

10,120



$

9,069



11.6




$

28,150



$

25,873



8.8



Cargo


296



279



6.1




903



790



14.3



Other operating revenue


587



551



6.5




1,759



1,670



5.3



Total operating revenue


11,003



9,899



11.2




30,812



28,333



8.7


















Operating expense:















Salaries and related costs


2,930



2,785



5.2




8,534



8,263



3.3



Aircraft fuel


2,572



1,809



42.2




6,927



5,038



37.5



Regional capacity purchase


663



567



16.9




1,963



1,652



18.8



Landing fees and other rent


596



585



1.9




1,757



1,670



5.2



Depreciation and amortization


564



556



1.4




1,662



1,610



3.2



Aircraft maintenance materials and outside repairs


455



451



0.9




1,333



1,377



(3.2)



Distribution expenses


427



377



13.3




1,162



1,081



7.5



Aircraft rent


109



145



(24.8)




355



476



(25.4)



Special charges (C)


17



50



NM




186



145



NM



Other operating expenses


1,467



1,436



2.2




4,293



4,126



4.0



Total operating expense


9,800



8,761



11.9




28,172



25,438



10.7


















Operating income


1,203



1,138



5.7




2,640



2,895



(8.8)


















Operating margin


10.9

%


11.5

%


(0.6)


pts.


8.6

%


10.2

%


(1.6)


pts.

Adjusted operating margin (Non-GAAP)


11.1

%


12.0

%


(0.9)


pts.


9.2

%


10.7

%


(1.5)


pts.
















Nonoperating income (expense):















Interest expense


(187)



(169)



10.7




(540)



(498)



8.4



Interest capitalized


18



20



(10.0)




51



64



(20.3)



Interest income


28



17



64.7




70



41



70.7



Miscellaneous, net (C)


(1)



(13)



(92.3)




(119)



(82)



45.1



Total nonoperating expense


(142)



(145)



(2.1)




(538)



(475)



13.3


















Income before income taxes


1,061



993



6.8




2,102



2,420



(13.1)


















Pre-tax margin


9.6

%


10.0

%


(0.4)


pts.


6.8

%


8.5

%


(1.7)


pts.

Adjusted pre-tax margin (Non-GAAP)


9.7

%


10.5

%


(0.8)


pts.


7.7

%


9.1

%


(1.4)


pts.
















Income tax expense (E)


225



348



(35.3)




435



855



(49.1)



Net income


$

836



$

645



29.6




$

1,667



$

1,565



6.5


















Diluted earnings per share


$

3.06



$

2.15



42.3




$

5.99



$

5.09



17.7



Diluted weighted average shares


273.6



300.6



(9.0)




278.0



307.6



(9.6)


















NM Not meaningful
















UNITED CONTINENTAL HOLDINGS, INC.

STATISTICS




Three Months Ended
September 30,


%

Increase/

(Decrease)



Nine Months Ended
September 30,


%

Increase/

(Decrease)




2018


2017



2018


2017


Mainline:















Passengers (thousands)


31,157



29,182



6.8




85,348



81,091



5.2



Revenue passenger miles (millions)


56,787



53,515



6.1




154,382



146,252



5.6



Available seat miles (millions)


65,819



63,183



4.2




183,678



176,710



3.9



Cargo ton miles (millions)


851



830



2.5




2,523



2,406



4.9



Passenger revenue per available seat mile (cents)


12.62



11.93



5.8




12.50



12.03



3.9



Average yield per revenue passenger mile (cents)


14.62



14.09



3.8




14.88



14.53



2.4



Aircraft in fleet at end of period


760



751



1.2




760



751



1.2



Average stage length (miles)


1,807



1,825



(1.0)




1,814



1,817



(0.2)



Average daily utilization of each aircraft (hours: minutes)


11:23



10:58



3.8




10:49



10:30



3.0



Average aircraft fuel price per gallon


$

2.29



$

1.68



36.3




$

2.21



$

1.66



33.1



Fuel gallons consumed (millions)


931



909



2.4




2,587



2,537



2.0


















Regional:















Passengers (thousands)


11,729



10,120



15.9




33,091



29,563



11.9



Revenue passenger miles (millions)


6,606



5,630



17.3




18,805



16,860



11.5



Available seat miles (millions)


7,862



6,900



13.9




22,682



20,648



9.9



Passenger revenue per available seat mile (cents)


23.10



22.19



4.1




22.86



22.36



2.2



Average yield per revenue passenger mile (cents)


27.49



27.19



1.1




27.57



27.38



0.7



Aircraft in fleet at end of period


546



489



11.7




546



489



11.7



Average stage length (miles)


552



542



1.8




556



558



(0.4)



Average aircraft fuel price per gallon


$

2.43



$

1.81



34.3




$

2.34



$

1.77



32.2



Fuel gallons consumed (millions)


180



156



15.4




514



461



11.5


















Consolidated (Mainline and Regional):















Passengers (thousands)


42,886



39,302



9.1




118,439



110,654



7.0



Revenue passenger miles (millions)


63,393



59,145



7.2




173,187



163,112



6.2



Available seat miles (millions)


73,681



70,083



5.1




206,360



197,358



4.6



Passenger load factor:















Consolidated


86.0

%


84.4

%


1.6


pts.


83.9

%


82.6

%


1.3


pts.

Domestic


86.7

%


85.3

%


1.4


pts.


85.7

%


85.2

%


0.5


pts.

International


85.2

%


83.3

%


1.9


pts.


81.6

%


79.5

%


2.1


pts.

Passenger revenue per available seat mile (cents)


13.73



12.94



6.1




13.64



13.11



4.0



Total revenue per available seat mile (cents)


14.93



14.12



5.7




14.93



14.36



4.0



Average yield per revenue passenger mile (cents)


15.96



15.33



4.1




16.25



15.86



2.5



Aircraft in fleet at end of period


1,306



1,240



5.3




1,306



1,240



5.3



Average stage length (miles)


1,454



1,480



(1.8)




1,453



1,470



(1.2)



Average full-time equivalent employees (thousands)


89.0



87.3



1.9




87.1



86.2



1.0



Average aircraft fuel price per gallon


$

2.32



$

1.70



36.5




$

2.23



$

1.68



32.7



Fuel gallons consumed (millions)


1,111



1,065



4.3




3,101



2,998



3.4




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.

RETURN ON INVESTED CAPITAL (ROIC) - Non-GAAP


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




(in millions)

Twelve Months Ended
September 30, 2018

Net Operating Profit After Tax ("NOPAT")


Pre-tax income

$

2,722


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


Impairment of assets

155


MTM losses on equity investments

61


Severance and benefit costs

49


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

13


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

3,000


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

707


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

243


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

(3)


less: Income taxes paid

(26)


NOPAT (Non-GAAP)

$

3,921






Average Invested Capital (five-quarter average)


Total assets

$

43,697


add: Capitalized aircraft operating leases (b)

4,005


less: Non-interest bearing liabilities (c)

(17,095)


Average invested capital (Non-GAAP)

$

30,607




ROIC (Non-GAAP)

12.8

%



(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 September 30, 2018, the effective cash tax rate was 0.9%.

(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 adjusted operating income (loss), adjusted operating margin, adjusted pre-tax income (loss), adjusted pre-tax margin, adjusted net income (loss), adjusted diluted earnings (loss) per share 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. UAL believes that adjusting for interest expense related to capital leases of Embraer ERJ 145 aircraft is useful to investors because of the accelerated recognition of interest expense.


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
September 30,


%

Increase/

(Decrease)


Nine Months Ended
September 30,


%

Increase/

(Decrease)



2018


2017



2018


2017


CASM Mainline Operations (cents)













Cost per available seat mile (CASM) (GAAP)


12.82



11.98



7.0



13.13



12.43



5.6


Special charges (C)


0.03



0.08



NM



0.10



0.08



NM


Third-party business expenses


0.04



0.05



(20.0)



0.04



0.06



(33.3)


Fuel expense


3.25



2.41



34.9



3.12



2.39



30.5


Profit sharing, including taxes


0.19



0.21



(9.5)



0.14



0.17



(17.6)


CASM, excluding special charges, third-party business expenses, fuel, and profit sharing (Non-GAAP)


9.31



9.23



0.9



9.73



9.73

















CASM Consolidated Operations (cents)













Cost per available seat mile (CASM) (GAAP)


13.30



12.50



6.4



13.65



12.89



5.9


Special charges (C)


0.02



0.07



NM



0.09



0.08



NM


Third-party business expenses


0.04



0.04





0.04



0.05



(20.0)


Fuel expense


3.49



2.58



35.3



3.36



2.55



31.8


Profit sharing, including taxes


0.17



0.19



(10.5)



0.12



0.16



(25.0)


CASM, excluding special charges, third-party business expenses, fuel, and profit sharing (Non-GAAP)


9.58



9.62



(0.4)



10.04



10.05



(0.1)



NM Not Meaningful

UNITED CONTINENTAL HOLDINGS, INC.

NON-GAAP FINANCIAL RECONCILIATION (Continued)




Three Months Ended
September 30,


$

Increase/

(Decrease)


%

Increase/

(Decrease)


Nine Months Ended
September 30,


$

Increase/

(Decrease)


%

Increase/

(Decrease)

(in millions)


2018


2017



2018


2017


Operating expenses (GAAP)


$

9,800



$

8,761



$

1,039



11.9



$

28,172



$

25,438



$

2,734



10.7


Special charges (C)


17



50



(33)



NM



186



145



41



NM


Operating expenses, excluding special charges


9,783



8,711



1,072



12.3



27,986



25,293



2,693



10.6


Adjusted to exclude:

















Third-party business expenses


29



33



(4)



(12.1)



89



114



(25)



(21.9)


Fuel expense


2,572



1,809



763



42.2



6,927



5,038



1,889



37.5


Profit sharing, including taxes


127



130



(3)



(2.3)



252



304



(52)



(17.1)


Adjusted operating expenses (Non-GAAP)


$

7,055



$

6,739



$

316



4.7



$

20,718



$

19,837



$

881



4.4



















Operating income (GAAP)


$

1,203



$

1,138



$

65



5.7



$

2,640



$

2,895



$

(255)



(8.8)


Adjusted to exclude:

















Special charges (C)


17



50



(33)



NM



186



145



41



NM


Adjusted operating income (Non-GAAP)


$

1,220



$

1,188



$

32



2.7



$

2,826



$

3,040



$

(214)



(7.0)



















Pre-tax income (GAAP)


$

1,061



$

993



$

68



6.8



$

2,102



$

2,420



$

(318)



(13.1)


Adjusted to exclude:

















Special charges (C)


17



50



(33)



NM



186



145



41



NM


MTM (gains) losses on equity investments (C)


(29)





(29)



NM



61





61



NM


Interest expense on ERJ 145 capital leases (D)


13





13



NM



13





13



NM


Adjusted pre-tax income (Non-GAAP)


$

1,062



$

1,043



$

19



1.8



$

2,362



$

2,565



$

(203)



(7.9)



















Net income (GAAP)


$

836



$

645



$

191



29.6



$

1,667



$

1,565



$

102



6.5


Adjusted to exclude:

















Special charges (C)


17



50



(33)



NM



186



145



41



NM


MTM (gains) losses on equity investments (C)


(29)





(29)



NM



61





61



NM


Interest expense on ERJ 145 capital leases (D)


13





13



NM



13





13



NM


Income tax expense (benefit) related to adjustments




(18)



18



NM



(58)



(52)



(6)



NM


Adjusted net income (Non-GAAP)


$

837



$

677



$

160



23.6



$

1,869



$

1,658



$

211



12.7



















Diluted earnings per share (GAAP)


$

3.06



$

2.15



$

0.91



42.3



$

5.99



$

5.09



$

0.90



17.7


Adjusted to exclude:

















Special charges (C)


0.06



0.16



(0.10)



NM



0.67



0.47



0.20



NM


MTM (gains) losses on equity investments (C)


(0.11)





(0.11)



NM



0.22





0.22



NM


Interest expense on ERJ 145 capital leases (D)


0.05





0.05



NM



0.05





0.05



NM


Income tax expense (benefit) related to adjustments




(0.06)



0.06



NM



(0.21)



(0.17)



(0.04)



NM


Adjusted diluted earnings per share (Non-GAAP)


$

3.06



$

2.25



$

0.81



36.0



$

6.72



$

5.39



$

1.33



24.7



NM Not Meaningful

UNITED CONTINENTAL HOLDINGS, INC.

NON-GAAP FINANCIAL RECONCILIATION (Continued)


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
September 30,


Nine Months Ended
September 30,

Capital Expenditures (in millions)


2018


2017


2018


2017

Capital expenditures (GAAP)


$

858



$

1,120



$

2,592



$

2,900


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




11



139



918


Airport construction financing




9



12



41


Fully reimbursable projects


(51)



(58)



(140)



(176)


Adjusted capital expenditures (Non-GAAP)


$

807



$

1,082



$

2,603



$

3,683











Free Cash Flow (in millions)









Net cash provided by operating activities (GAAP)


$

905



$

577



$

5,080



$

2,685


Less capital expenditures


858



1,120



2,592



2,900


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


$

47



$

(543)



$

2,488



$

(215)











Net cash provided by operating activities (GAAP)


$

905



$

577



$

5,080



$

2,685


Less adjusted capital expenditures (Non-GAAP)


807



1,082



2,603



3,683


Free cash flow (Non-GAAP)


$

98



$

(505)



$

2,477



$

(998)


UNITED CONTINENTAL HOLDINGS, INC.

NOTES (UNAUDITED)


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




3Q 2018

Passenger

Revenue

(millions)


Passenger

Revenue

vs.

3Q 2017


PRASM

vs.

3Q 2017


Yield

vs.

3Q 2017


Available

Seat Miles

vs.

3Q 2017












Mainline


$

4,489



13.6%


6.8%


5.4%


6.4%

Regional


1,764



18.3%


4.1%


0.8%


13.7%

Domestic


6,253



14.9%


6.7%


5.0%


7.6%












Atlantic


1,933



12.1%


7.1%


1.3%


4.7%

Pacific


1,163



3.4%


5.3%


5.1%


(1.9%)

Latin America


771



(0.8%)


(3.4%)


(1.2%)


2.7%

International


3,867



6.6%


4.5%


2.2%


2.0%












Consolidated


$

10,120



11.6%


6.1%


4.1%


5.1%























Mainline


$

8,304



10.2%


5.8%


3.8%


4.2%

Regional


1,816



18.6%


4.1%


1.1%


13.9%

Consolidated


$

10,120










UNITED CONTINENTAL HOLDINGS, INC.

NOTES (UNAUDITED)


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




Three Months Ended
September 30,


Nine Months Ended
September 30,

(In millions)


2018


2017


2018


2017

Operating:









Impairment of assets


$

11



$

15



$

145



$

15



















Severance and benefit costs


9



23



34



101


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


(3)



12



7



29


Total special charges


17



50



186



145


Nonoperating MTM (gains) losses on equity investments


(29)





61




Total special charges and MTM (gains) losses on equity investments


(12)



50



247



145


Income tax benefit related to special charges


(3)



(18)



(41)



(52)


Income tax expense (benefit) related to MTM (gains) losses on equity investments


6





(14)




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


$

(9)



$

32



$

192



$

93



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, in the second quarter of 2018, 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 regulated by slot allocations that are limited by airport facility constraints. For the three and nine months ended September 30, 2018, the company also recorded $11 million ($9 million net of taxes) and $40 million ($31 million net of taxes), respectively, of fair value adjustments related to aircraft purchased off lease, write-off of unexercised aircraft purchase options and other impairments related to certain fleet types and international slots no longer in use.


During the three months ended September 30, 2017, the company recorded a $15 million ($10 million net of taxes) intangible asset impairment charge related to a maintenance service agreement.


Severance and benefit costs: During the three and nine months ended September 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 $5 million ($4 million net of taxes) and $19 million ($15 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 nine months ended September 30, 2018, the company recorded other management severance of $4 million ($3 million net of taxes) and $15 million ($12 million net of taxes), respectively.


During the three and nine months ended September 30, 2017, the company recorded $16 million ($10 million net of taxes) and $73 million ($47 million net of taxes), respectively, of severance and benefit costs related to the voluntary early-out program for its technicians and related employees, and $7 million ($5 million net of taxes) and $28 million ($18 million net of taxes), respectively, of management severance.


(Gains) losses on sale of assets and other special charges: During the three and nine months ended September 30, 2018, the company recorded $3 million ($2 million net of taxes) of gains primarily related to the sale of aircraft engines and $7 million ($5 million net of taxes) of losses primarily related to contract termination of regional aircraft operations in Guam, respectively.


During the three months ended September 30, 2017, the company recorded $12 million ($7 million net of taxes) of charges primarily related to damages from tropical storms. During the nine months ended September 30, 2017, in addition to the $12 million of third-quarter charges, the company recorded $17 million ($11 million net of taxes) of charges primarily associated with aircraft gains and losses.


MTM gains and losses on equity investments: During the three and nine months ended September 30, 2018, the company recorded gains of $29 million ($23 million net of taxes) and losses of $61 million ($47 million net of taxes), respectively, for the change in market value of certain of its equity investments. 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) Interest expense related to capital leases of Embraer ERJ 145 aircraft


During the third quarter of 2018, United entered into an agreement with the lessor of 54 Embraer ERJ 145 aircraft to purchase those aircraft in 2019. The provisions of the new lease agreement resulted in a change in accounting classification of these new leases from operating leases to capital leases up until the purchase date. The company recognized $13 million of additional interest expense in the third quarter as a result of this change.


(E) Effective tax rate


The company's effective tax rate for the three and nine months ended September 30, 2018 was 21.2% and 20.7%, respectively, and the effective tax rate for the three and nine months ended September 30, 2017 was 35.0% and 35.3%, 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 nine months ended September 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. The company continues 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 further information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

United Airlines Bolsters Domestic Network: Adds 22 New Routes for 2019

October 15, 2018

CHICAGO, Oct. 15, 2018 /PRNewswire/ -- United Airlines today announced it is continuing to strengthen its domestic route network by offering more ways for customers to connect to 22 destinations from six of its U.S. hubs. The airline also announced it will begin nonstop service to Hilton Head Island, South Carolina, from Chicago, New York/Newark and Washington, D.C. With the new service, United will offer more nonstop service from more cities to Hilton Head Island than any other airline. Tickets are available now for purchase.

"With more than 40 new domestic routes added this year, we remain committed to expanding our network to offer customers even more choices in their travel destinations," said Ankit Gupta, United's vice president of Domestic Network Planning. "The expansion to Hilton Head Island from three of our hub cities and the introduction of New York's only nonstop service to Anchorage and Pensacola, are just some of the ways we are responding to customer interest and demand."

Maximizing the Unique Strengths of its East Coast hubs

Beginning this month, United's enhanced East Coast schedule, announced in May, takes effect. The adjustments maximize the airline's unique strengths of its East Coast hubs in New York/Newark and Washington Dulles. The additional routes announced today will continue optimizing access to key business and leisure destinations from Newark while shifting short-haul connecting flights to Washington Dulles.

"No other airline flies to more cities from the New York/Newark area than United Airlines, and today we are excited to add three more nonstops, including the only nonstop service between New York/Newark and Hilton Head Island, and Pensacola, as well as the area's only nonstop service to Anchorage. We're also expanding service to key business destinations, including Detroit, St. Louis, Omaha, Richmond, and Kansas City, Missouri," said Jill Kaplan, United's president of New York/New Jersey. "New Yorkers don't stop and neither should their flights."

United is shifting shorter-haul flights to Elmira, New York; Lexington, Kentucky; and Manchester, New Hampshire from New York/Newark to its Washington Dulles hub. Additionally, United will introduce new nonstop service between Washington Dulles and Asheville, North Carolina.

Growing California's global airline in Los Angeles and San Francisco

United Airlines, California's global airline, offers customers more destinations within California than any other airline and serves more U.S. destinations from San Francisco than any other U.S. airline. Beginning June 6, 2019, United will begin nonstop service between San Francisco and Columbus, Ohio. From its hub at Los Angeles International Airport, United will begin nonstop service to Eugene, Oregon; Madison, Wisconsin; and Pasco/Tri-Cities, Washington, beginning March 31, 2019.

"There's no substitute for a great network; serving destinations with convenient flight times that our customers want. This is something we continue to expand on in California," said Janet Lamkin, United's president of California. "We look forward to connecting more of the country with California, for example Columbus and Madison, two important markets for higher learning."

Enhancing United's mid-continent hub operations in Chicago and Denver

Beginning April 6, 2019, United will begin nonstop weekend service between Chicago O'Hare and Hilton Head Island, South Carolina. United is the only airline offering nonstop service between Chicago and Hilton Head Island.

From O'Hare, United operates more flights than any other airline. Earlier this year, United made schedule improvements at its Chicago hub to enable more departures and more connections while reducing the amount of time customers spend waiting at the airport.

United announced last week its enhanced schedule offering at Denver International Airport, the airline's fastest growing hub, offering more flights, better flight times and more connections. United also announced it will begin new service between Denver and Charleston, South Carolina; Eureka, California; and Fairbanks, Alaska.

About United

United Airlines and United Express operate approximately 4,700 flights a day to 356 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 760 mainline aircraft and the airline's United Express carriers operate 546 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 Nasdaq under the symbol "UAL".

SOURCE United Airlines

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

United Airlines Announces Additional Matching Funds for Hurricane Michael and Other Disaster Relief Efforts

October 12, 2018

CHICAGO, Oct. 12, 2018 /PRNewswire/ -- United Airlines today reaffirmed its commitment to lifting up communities in need by announcing the matching of an additional $100,000 for those affected by Hurricane Michael, while continuing to award up to 5 million bonus miles for individuals who make donations of $50 or more for hurricane and typhoon relief efforts.

Today's announcement builds upon the ongoing Crowdrise fundraising campaign for those affected in the U.S. and around the world by hurricane and typhoon season. Since the initial launch of the Crowdrise fundraising campaign in September, the airline has raised nearly $200,000 from which relief partners were able to begin providing immediate relief to those affected by hurricane and typhoon season. Following the devastation from Hurricane Michael, United added $100,000 in matching funds, and will continue to award up to 5 million bonus miles for individuals who make donations of $50 or more.

Donations support the airline's relief partners that aid in the U.S. and internationally: AirLink, American Red Cross, Americares, Global Giving and Feeding America.

"Working with each of our unique relief partners is critical in supporting relief efforts and we at United are proud to do what we can to help those communities impacted this year," said Community Affairs Vice President Sharon Grant. "United will continue to engage our generous customers, employees and MileagePlus members in providing support throughout this 2018 hurricane and typhoon season."

"The Red Cross is proud to partner with United to provide urgently needed relief for people affected by disasters big and small across the country," said Don Herring, chief development officer at the American Red Cross.

"The number and intensity of recent disasters have put a real strain on the disaster response community," says Airlink President and CEO Steven Smith. "United Airlines' disaster relief campaign is a critical component of Airlink's response to Hurricane Michael and other humanitarian events around the world. This support enables us to get more responders on flights and into communities affected by disaster."

Throughout the Crowdrise campaign, United will continue working directly with its partner organizations and engage with community leaderships to properly address disaster impact and provide assistance to rebuild affected communities. The online platform is currently scheduled to be available for donations through Oct. 31. As the level of impact on affected communities develops, United continues to monitor assistance to customers and communities around the world in need.

About United

United Airlines and United Express operate approximately 4,700 flights a day to 356 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 760 mainline aircraft and the airline's United Express carriers operate 546 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 Nasdaq under the symbol "UAL".

SOURCE United Airlines

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

United Airlines Unveils World's Largest and Industry-Leading Flight Training Center

October 09, 2018

DENVER, Oct. 9, 2018 /PRNewswire/ -- Today, United Airlines unveiled its state-of-the-art flight training center in Denver, Colorado. The single-site training center is the largest in the world and home to the company's more than 30 full flight simulators representing all of United's fleet types.


The flight training center is visited by United's more than 12,000 pilots at least once a year for new and recurrent training and is also the largest single-site training facility for other airline pilots. More than two dozen other airlines and government agencies send their personnel to train at the industry-leading facility. In addition to pilot training, the facility hosts flight attendants and maintenance technicians for emergency training and other activities.

"This state-of-the-art flight training center symbolizes the investments we're making in our people and our company, both in Denver and throughout our network," said Oscar Munoz, CEO of United Airlines. "In addition to providing industry-leading training for our pilots, flight attendants and other vital work groups, this facility will become a thriving center where we foster the professional culture, commitment to safety and dedication to customer service that's at the heart of the United success story we are seeing take shape."

United has been training pilots in Denver since 1943. The current campus first opened in 1968 with four buildings, expanded in 1992 with a fifth building and expanded again in 1997 with the addition of a sixth building. In 2015, the company made the decision to consolidate its flight training centers in Denver, kicking off the renovation and nearly doubling the number of flight simulators at the facility. United recently broke ground on a seventh building, which will bring the campus to nearly 540,000 square feet including eight more full flight simulator bays.

United in Denver

United is Denver's largest airline offering more flights and more seats from the Mile High City to more destinations around the world than any other carrier. United operates more than 450 daily flights to over 150 airports worldwide from Denver. United will launch 12 new markets in Denver by the end of 2018 and is planning additional new markets for 2019. United has a storied history in Denver, serving the community for more than 80 years, and benefits from a great partnership with local leaders at the city and state levels, including Governor John Hickenlooper and Denver Mayor Michael B. Hancock, who understand the importance of a thriving aviation sector. The company has a commitment to giving back to the community where many of its customers and employees live and work. United supports local organizations like Girls Inc., Mile High Youth Corps, Wings Over the Rockies and the Denver Public Schools Foundation and, earlier this year, announced a $1 million grant to local Denver nonprofit Warren Village.

About United

United Airlines and United Express operate approximately 4,700 flights a day to 356 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 760 mainline aircraft and the airline's United Express carriers operate 546 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 Nasdaq under the symbol "UAL".

SOURCE United Airlines

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

United Reports September 2018 Operational Performance

October 09, 2018

CHICAGO, Oct. 9, 2018 /PRNewswire/ -- United Airlines (UAL) today reported September 2018 operational results.

UAL's September 2018 consolidated traffic (revenue passenger miles) increased 6.7 percent and consolidated capacity (available seat miles) increased 6.1 percent versus September 2017. UAL's September 2018 consolidated load factor increased 0.5 points compared to September 2017.

September Highlights

  • Introduced a better boarding process at gates in airports around the world, giving customers more space at the gate, less time waiting in line and improved boarding information to create a less stressful environment.
  • Committed to reducing the company's greenhouse gas emissions by 50 percent by 2050, further strengthening UAL's ambition to be the world's most environmentally conscious airline.
  • Launched a Crowdrise fundraising campaign to support those affected by Hurricane Florence, Typhoon Mangkhut, flooding in Western Japan, wildfires in California and other disasters.
  • Announced an additional 100 flights and more than 10,000 seats daily to 12 of the country's top ski destinations during the 2018/2019 ski season, as well as the addition of more than 8,500 seats from U.S. hubs and eight other U.S. cities to Las Vegas for the 2019 Consumer Electronics Show.

About United

United Airlines and United Express operate approximately 4,700 flights a day to 356 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 760 mainline aircraft and the airline's United Express carriers operate 546 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 Nasdaq under the symbol "UAL".

Preliminary Operational Results




September


Year-to-Date



2018


2017


Change


2018


2017


Change

REVENUE PASSENGER MILES (000)













Domestic

10,660,187



9,782,843



9.0

%


99,472,078



92,593,228



7.4

%


Mainline

8,718,315



8,071,718



8.0

%


81,354,821



76,376,689



6.5

%


Regional

1,941,872



1,711,125



13.5

%


18,117,257



16,216,539



11.7

%


International

7,736,096



7,453,318



3.8

%


73,714,600



70,518,744



4.5

%


Atlantic

3,969,532



3,568,218



11.2

%


31,070,975



27,949,603



11.2

%


Pacific

2,563,279



2,648,870



(3.2)

%


25,766,965



25,684,831



0.3

%


Latin

1,203,285



1,236,230



(2.7)

%


16,876,660



16,884,310



%


Mainline

1,136,677



1,180,071



(3.7)

%


16,189,485



16,240,588



(0.3)

%


Regional

66,608



56,159



18.6

%


687,175



643,722



6.8

%


Consolidated

18,396,283



17,236,161



6.7

%


173,186,678



163,111,972



6.2

%














AVAILABLE SEAT MILES (000)













Domestic

13,051,259



11,892,412



9.7

%


116,059,368



108,649,748



6.8

%


Mainline

10,653,255



9,761,966



9.1

%


94,292,078



88,881,959



6.1

%


Regional

2,398,004



2,130,446



12.6

%


21,767,290



19,767,789



10.1

%


International

9,668,341



9,523,059



1.5

%


90,300,169



88,708,483



1.8

%


Atlantic

4,719,849



4,481,266



5.3

%


37,964,764



36,410,211



4.3

%


Pacific

3,388,601



3,522,608



(3.8)

%


32,233,717



32,092,607



0.4

%


Latin

1,559,891



1,519,185



2.7

%


20,101,688



20,205,665



(0.5)

%


Mainline

1,463,177



1,441,244



1.5

%


19,187,347



19,325,264



(0.7)

%


Regional

96,714



77,941



24.1

%


914,341



880,401



3.9

%


Consolidated

22,719,600



21,415,471



6.1

%


206,359,537



197,358,231



4.6

%














PASSENGER LOAD FACTOR













Domestic

81.7

%


82.3

%


(0.6) pts


85.7

%


85.2

%


0.5 pts


Mainline

81.8

%


82.7

%


(0.9) pts


86.3

%


85.9

%


0.4 pts


Regional

81.0

%


80.3

%


0.7 pts


83.2

%


82.0

%


1.2 pts


International

80.0

%


78.3

%


1.7 pts


81.6

%


79.5

%


2.1 pts


Atlantic

84.1

%


79.6

%


4.5 pts


81.8

%


76.8

%


5.0 pts


Pacific

75.6

%


75.2

%


0.4 pts


79.9

%


80.0

%


(0.1) pts


Latin

77.1

%


81.4

%


(4.3) pts


84.0

%


83.6

%


0.4 pts


Mainline

77.7

%


81.9

%


(4.2) pts


84.4

%


84.0

%


0.4 pts


Regional

68.9

%


72.1

%


(3.2) pts


75.2

%


73.1

%


2.1 pts


Consolidated

81.0

%


80.5

%


0.5 pts


83.9

%


82.6

%


1.3 pts














ONBOARD PASSENGERS (000)













Mainline

9,027



8,461



6.7

%


85,348



81,091



5.2

%


Regional

3,616



3,192



13.3

%


33,091



29,563



11.9

%


Consolidated

12,643



11,653



8.5

%


118,439



110,654



7.0

%














CARGO REVENUE TON MILES (000)












Total

277,426



280,871



(1.2)

%


2,522,845



2,405,811



4.9

%














OPERATIONAL PERFORMANCE













Mainline Departure Performance 1

72.8

%


74.3

%


(1.5) pts








Mainline Completion Factor

99.4

%


97.3

%


2.1 pts




















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

United Airlines Enhances Schedule at Denver International Airport

October 08, 2018

DENVER, Oct. 8, 2018 – United Airlines, Denver's largest carrier, today announced it is enhancing its schedule at Denver International Airport to offer customers more flights, better flight times and more connections beginning in February 2019. The updated schedule also increases the number of morning flights available to business customers traveling from Denver to the East and West Coasts while improving connectivity to Midwest and Mountain Region destinations.

"United's optimized schedule allows us to offer our Denver-area customers more flights and greater access to more destinations than ever before," said Ankit Gupta, United's vice president of Domestic Network Panning.

The schedule enhancements at Denver enable United to increase the number of departures; offer more connections and reduce the amount of time customers spend waiting at the airport. Customers arriving on flights from smaller markets to connect at Denver will have more connection opportunities to get to destinations east and west of Denver. For example, a customer traveling between Billings, Montana and San Diego, California or between Sioux Falls, South Dakota and Detroit now has more connection opportunities to more destinations east and west of Denver.

The enhanced schedule will also enable more customers to easily and conveniently connect to United's newest destinations. The airline announced it will begin daily nonstop year-round service between Denver and Charleston, South Carolina and Eureka, California and seasonal summer service between Denver and Fairbanks, Alaska beginning next year. In 2018, United has added more than 50 daily flights and started service to 12 new destinations from Denver including Flagstaff, Arizona; Sonoma County, California; and Monterrey, California.

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 Nasdaq under the symbol "UAL".

Surf's Up! Surfboard Fees Wiped Out in California on United Airlines

October 04, 2018

SAN FRANCISCO, Oct. 4, 2018 /PRNewswire/ -- To celebrate California recently naming surfing as the state's official sport, United Airlines, California's global airline, is getting onboard and removing the service fees for surfboards for customers traveling to or from California. Effective October 5, customers traveling with a surfboard, wakeboard or paddleboard on direct United Airlines or United Express itineraries that originate or end at any California airport will not have to pay the previous $150 or $200 service fee to check these items. The regular checked-bag fee will apply.

To help preserve California's coast and oceans, United is donating $50,000 to Sustainable Surf, a California-based environmental nonprofit that operates as an innovation lab using surfing as a force for good—to solve the ocean health crisis by 2050.

"California made it official: surfing is our state sport. We want to make it easier for customers to surf our beautiful beaches, whether they're visiting or call the Golden State home," said Janet Lamkin, United's president for California. "This partnership continues our commitment to the environment by supporting an organization like Sustainable Surf, which helps keep our beaches beautiful."

"Sustainable Surf is thrilled to receive support from United Airlines to help us protect and regenerate ocean health," said Sustainable Surf co-founder Michael Stewart. "We see a very close alignment between our own work and United's Eco-Skies sustainability program. We are looking forward to partnering with United to better enable our shared goals and values of keeping the world clean."

Through United's donation, Sustainable Surf will continue to focus on a variety of programs that address environmental impacts on the ocean by educating local and global communities.

United has operated in California for more than 90 years and connects almost 18 million annual passengers through its hubs in Los Angeles and San Francisco. United brings the world to California and Californians to the world, flying to more California, U.S. and international destinations than any other airline.

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 Nasdaq under the symbol "UAL".

About Sustainable Surf
Sustainable Surf is a California-based environmental nonprofit organization – that protects and regenerates ocean health by shifting people to a more ocean friendly, low-carbon, lifestyle. Sustainable Surf operates as an innovation lab in partnership with leading brands, organizations and ambassadors to authentically harness the mass appeal of "surf culture", to inspire and activate people all around the world to start making more sustainable lifestyle choices on a daily basis.

SOURCE United Airlines

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

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

October 04, 2018

CHICAGO, Oct. 4, 2018 /PRNewswire/ -- United Airlines will hold a conference call to discuss third-quarter 2018 financial results on Wednesday, Oct. 17, 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 third-quarter financial results and fourth-quarter investor update after market close on Tuesday, Oct. 16.

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 Nasdaq under the symbol "UAL".

SOURCE United Airlines

For further information: United Airlines Worldwide Media Relations, 872.825.8640, media.relations@united.com

United Airlines Enhances Transcontinental Schedules on New 787-10 Dreamliner

October 01, 2018

CHICAGO, Oct. 1, 2018 /PRNewswire/ -- United Airlines today announced it is enhancing its transcontinental service offering customers more flights and more seats between New York/Newark and Los Angeles and San Francisco, more than any other airline. Beginning Jan. 7, 2019, United will be the first North American airline to operate the Boeing 787-10, the newest aircraft in the Dreamliner family, on select transcontinental flights between New York/Newark and Los Angeles and New York/Newark and San Francisco.

United's transcontinental schedule and the aircraft give customers traveling cross-country the choice of more than 7,200 seats, with more than 1,000 premium seats per day, more than any other airline. Tickets are now available for purchase.

Boosting transcontinental service
United has enhanced its transcontinental schedule by increasing the number of flights between New York and Los Angeles and San Francisco to 27 daily flights and by adding more than 700 daily seats and 125 daily premium seats and giving customers more optimal flight times.

"We have created the best schedule for our business and leisure customers by offering more choice and more convenience when planning travel between coasts. Combined with the addition of our newest aircraft, the Boeing 787-10, the schedule enhancements build on United's industry-leading on-board experience," said Ankit Gupta, United's vice president of Domestic Network Planning and Scheduling.

United's new transcontinental schedule:

New York/Newark to Los Angeles*

City

Departure

City

Arrival

Aircraft

New York/Newark

6:00 a.m.

Los Angeles

9:04 a.m.

757-200

New York/Newark

7:00 a.m.

Los Angeles

9:49 a.m.

787-10

New York/Newark

8:50 a.m.

Los Angeles

11:43 a.m.

777-200

New York/Newark

10:00 a.m.

Los Angeles

1:04 p.m.

757-200

New York/Newark

11:00 a.m.

Los Angeles

1:48 p.m.

757-200

New York/Newark

1:00 p.m.

Los Angeles

3:48 p.m.

757-200

New York/Newark

3:00 p.m.

Los Angeles

6:09 p.m.

757-200

New York/Newark

4:00 p.m.

Los Angeles

6:53 p.m.

787-10

New York/Newark

5:00 p.m.

Los Angeles

8:09 p.m.

757-200

New York/Newark

6:00 p.m.

Los Angeles

9:09 p.m.

757-200

New York/Newark

7:00 p.m.

Los Angeles

10:09 p.m.

757-200

New York/Newark

8:00 p.m.

Los Angeles

11:04 p.m.

757-200

New York/Newark to San Francisco*

City

Departure

City

Arrival

Aircraft

New York/Newark

6:00 a.m.

San Francisco

9:14 a.m.

757-200

New York/Newark

7:00 a.m.

San Francisco

10:14 a.m.

757-200

New York/Newark

8:15 a.m.

San Francisco

11:27 a.m.

777-200

New York/Newark

9:30 a.m.

San Francisco

12:36 p.m.

777-200

New York/Newark

11:00 a.m.

San Francisco

2:18 p.m.

757-200

New York/Newark

12:00 p.m.

San Francisco

3:18 p.m.

757-200

New York/Newark

2:00 p.m.

San Francisco

5:18 p.m.

757-200

New York/Newark

3:00 p.m.

San Francisco

6:09 p.m.

777-200

New York/Newark

4:00 p.m.

San Francisco

7:13 p.m.

787-10

New York/Newark

5:00 p.m.

San Francisco

8:30 p.m.

757-200

New York/Newark

6:00 p.m.

San Francisco

9:40 p.m.

757-200

New York/Newark

7:00 p.m.

San Francisco

10:40 p.m.

757-200

New York/Newark

8:00 p.m.

San Francisco

11:40 p.m.

757-200

New York/Newark

9:00 p.m.

San Francisco

12:18am

757-200

New York/Newark

10:00 p.m.

San Francisco

1:18 a.m.

757-200

*schedule reflects peak summer travel, subject to change

United's first 787-10 will operate on transcontinental routes
United Airlines is the first North American carrier to operate the Boeing 787-10 aircraft. While United typically operates its widebody aircraft for international routes, it will operate its first -10 aircraft between New York/Newark and Los Angeles and San Francisco. The aircraft features 44 of United's exclusive United Polaris seats; 21 United Premium Plus seats which will initially be sold as Economy Plus; 54 Economy Plus seats; and 199 United Economy seats.

The 787-10 is 18 feet longer than the 787-9 and can carry more passengers and more cargo. The 787-10 can fly up to 6,430 nautical miles, while using 20 percent less fuel than older generation airplanes. United currently operates 25 787-9 and 12 787-8 Dreamliner aircraft.

United fleet update
As the airline continues to execute on its comprehensive fleet plan which includes its widebody replacement strategy, United today announced an order to purchase an additional nine 787-9 aircraft. The company expects to begin taking delivery of the additional aircraft in 2020. The aircraft will be used to replace older widebody aircraft currently in service. By the end of this year United will have 40 Dreamliner aircraft in its fleet and 24 on order. United will continue to evaluate opportunities to purchase used aircraft.

United premium transcontinental service
United's premium transcontinental routes operate between New York/Newark and Los Angeles, New York/Newark and San Francisco and Boston and San Francisco. Customers ticketed in premium transcontinental business class enjoy a flat-bed seat and benefit from enhanced food and beverage offerings inspired by United Polaris onboard dining, as well as deluxe amenities and benefits including:

  • 180 degree flat-bed seats for a more relaxing and sleep-enhancing flight.
  • Custom-designed duvet and pillow provided by leading luxury specialty store and New York-bred retailer Saks Fifth Avenue.
  • Saks-themed amenity kits featuring product from Soho House & Co's Cowshed Spa.
  • A specialty craft beverage – The Old Fashioned – by On The Rocks Cocktails. Served with a candied orange peel skewer.
  • Hot towel service will be offered after take-off and prior to landing.
  • Seasonally refreshed menus, developed in partnership with The Trotter Project and its critically recognized chefs including several from cities served by United's premium transcontinental service.
  • Dining is topped off with items inspired by the popular United Polaris dessert menu which includes Ghirardelli sundae toppings with Barista Dark Chocolate Mini Chips, Ghirardelli Hot Fudge sauce, Ghirardelli Caramel sauce and Barista Caramel Flavored Mini Chips.
  • Before arrival, a selection of snacks and hot towel service is offered. United Club access to freshen up, relax and enjoy complimentary food and beverages prior to departure or upon arrival, as well as Premier Access priority check-in and boarding.
  • Customers seated in Economy Plus also enjoy a coastal-city-inspired menu, at no additional charge, including a complimentary hot fresh entrée, dessert and fruit, a pre-arrival snack and alcoholic beverages.

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 Nasdaq under the symbol "UAL".

SOURCE United Airlines

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

United Airlines and Winter Just Got a Lot Cooler

September 26, 2018

CHICAGO, Sept. 26, 2018 /PRNewswire/ -- United Airlines today announced it is offering customers more than 100 flights and more than 10,000 seats daily to conveniently get to 12 of the country's top ski destinations during the 2018/2019 ski season.

United and United Express offer service to more ski destinations in the United States than any other airline including new flights this year between Denver and Mammoth Lakes, California and between Los Angeles and Eagle/Vail, Colorado; Sun Valley, Idaho; and Mammoth Lakes, California. Tickets are available to purchase today. https://flights.united.com/en-us/flights-to-ski-destinations.

"We are excited to offer our customers more options to enjoy skiing and other winter sports this season," said Ankit Gupta, United's vice president of Domestic Network Planning and Scheduling. "Our schedule is designed to help customers get to new or favorite ski resorts conveniently."

Booking travel to ski destinations is also an opportunity for United MileagePlus members to enjoy the benefits and perks of their membership. Whether it's a weekend away with friends or a family vacation, MileagePlus Premier and eligible United MileagePlus Chase cardmembers can book Everyday Awards on flights operated by United and United Express. If a seat is available, eligible members have unrestricted access to book an Everyday Award, even if it is the last seat on the plane. Tickets are available to purchase on united.com.

In addition to new service from Denver and Los Angeles, United is offering customers increased daily service between San Francisco and Eagle/Vail, Colorado; and Jackson Hole, Wyoming throughout the winter season. United will also offer a second daily flight from Chicago to Eagle/Vail and between San Francisco and Bozeman, Montana around the holidays.

More runs more routes

United Airlines offers more flights to more U.S. ski destinations than any other carrier

10,000
Seats daily to the best skiing in the U.S.

100
Daily flights to the best ski destinations in the U.S.

12
U.S. world-class ski destinations

2018/2019 Ski destinations

In addition to serving the most ski destinations west of the Rockies, United Airlines also offers daily service to dozens of other winter destinations across the United States and around the world.

DEN Denver to

ASE

Aspen

9 Daily

BZN

Bozeman/Big Sky

5 Daily

MMH

Mammoth Yosemite

NEW
1 Daily

EGE

Eagle/Vail

3 Daily

FCA

Glacier/Whitefish

4 Daily

GUC

Gunnison/Crested Butte

2 Daily

HDN

Steamboat Springs

3 Daily

JAC

Jackson Hole

3 Daily

MTJ

Montrose/Telluride

4 Daily

RNO

Reno/Lake Tahoe

3 Daily

SLC

Salt Lake City

7 Daily

SUN

Sun Valley

1 Daily

ORD Chicago to

ASE

Aspen

5 Daily

BZN

Bozeman/Big Sky

3 Daily

EGE

Eagle/Vail

2 Daily

FCA

Glacier/Whitefish

1 Daily

HDN

Steamboat Springs

1 Daily

JAC

Jackson Hole

1 Daily

MTJ

Montrose/Telluride

1 Daily

RNO

Reno/Lake Tahoe

2 Weekly

SLC

Salt Lake City

3 Daily

SUN

Sun Valley

Most Saturdays

LAX Los Angeles to

ASE

Aspen

4 Daily

BZN

Bozeman/Big Sky

1 Daily

MMH

Mammoth Yosemite

NEW
1 Daily

EGE

Eagle/Vail

NEW
Saturdays

HDN

Steamboat Springs

Saturdays

JAC

Jackson Hole

1 Daily

MTJ

Montrose/Telluride

2 Weekly

RNO

Reno/Lake Tahoe

3 Daily

SLC

Salt Lake City

2 Daily

SUN

Sun Valley

NEW
1 Daily
SFO San Francisco to

ASE

Aspen

3 Daily

BZN

Bozeman/Big Sky

2 Daily

MMH

Mammoth Yosemite

1 Daily

EGE

Eagle/Vail

1 Daily

HDN

Steamboat Springs

Saturdays

JAC

Jackson Hole

2 Daily

MTJ

Montrose/Telluride

1 Daily

RNO

Reno/Lake Tahoe

1 Daily

SLC

Salt Lake City

5 Daily

SUN

Sun Valley

1 Daily

IAH Houston to

ASE

Aspen

4 Daily

BZN

Bozeman/Big Sky

1 Daily

EGE

Eagle/Vail

1 Daily

GUC

Gunnison/Crested Butte

1 Daily

HDN

Steamboat Springs

1 Daily

JAC

Jackson Hole

1 Daily

MTJ

Montrose/Telluride

1 Daily

RNO

Reno/Lake Tahoe

5 Weekly

SLC

Salt Lake City

5 Daily

EWR Newark to

BZN

Bozeman/Big Sky

1 Daily

EGE

Eagle/Vail

1 Daily

JAC

Jackson Hole

1 Daily

HDN

Steamboat Springs

2 Weekly

MTJ

Montrose/Telluride

1 Daily

SLC

Salt Lake City

2 Daily

IAD Washington D.C. to

EGE

Eagle/Vail

1 Daily

HDN

Steamboat Springs

1 Weekly

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 Nasdaq under the symbol "UAL".

SOURCE United Airlines

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

United Airlines Offers Customers More Ways to Get to Las Vegas for CES 2019 from 15 U.S. Cities

September 24, 2018

CHICAGO, Sept. 24, 2018 /PRNewswire/ -- United Airlines today announced it is offering customers more ways to get to Las Vegas in January by adding more than 8,500 seats from its U.S. hubs and eight other U.S. cities connecting more customers than ever to Las Vegas for CES 2019, the popular trade show where new products are unveiled and next-generation innovations are introduced to the marketplace. Tickets are now available for purchase.

"We want United Airlines to be the first choice for business and leisure travelers planning to visit Las Vegas for CES," said Ankit Gupta, United's vice president of Domestic Network Planning. "Our enhanced schedule to Las Vegas offers customers more nonstop flights from our hubs and new nonstop flights from eight of the country's top technology and business centers."

In addition to United's regularly scheduled daily nonstop services between its seven hubs and Las Vegas, United has added nonstop service to Las Vegas from eight other cities across the United States including Austin, Texas; Fort Lauderdale, Florida; Raleigh-Durham, North Carolina; San Jose, California; Boston; Pittsburgh; San Diego; and Seattle.

"We are delighted that our partners at United Airlines will be expanding service to Las Vegas during CES," said Cathy Tull, chief marketing officer for the Las Vegas Convention and Visitors Authority. "Helping visitors connect to Las Vegas with the convenience of additional nonstop service during such a high-profile event is critical to the continued growth and success of the show and our destination as a whole."

Inbound to Las Vegas

Date

Depart

Depart

Arrive

Time

Aircraft

Jan. 6

Boston (BOS)

9:00 a.m.

Las Vegas (LAS)

11:58 a.m.

B737-900

Jan. 7

Boston (BOS)

9:00 a.m.

Las Vegas (LAS)

11:58 a.m.

B737-900

Jan. 7

Austin (AUS)

4:05 p.m.

Las Vegas (LAS)

5:05 p.m.

B737-700

Jan. 7

Fort Lauderdale (FLL)

1:00 p.m.

Las Vegas (LAS)

3:55 p.m.

B737-900

Jan. 7

Pittsburgh (PIT)

3:45 p.m.

Las Vegas (LAS)

5:20 p.m.

A319

Jan. 7

Raleigh-Durham (RDU)

12:35 p.m.

Las Vegas (LAS)

3:00 p.m.

B737-900

Jan. 7

San Diego (SAN)

4:00 p.m.

Las Vegas (LAS)

5:15 p.m.

E175

Jan. 7

San Diego (SAN)

7:45 p.m.

Las Vegas (LAS)

9:00 p.m.

E175

Jan. 7

Seattle (SEA)

4:00 p.m.

Las Vegas (LAS)

6:30 p.m.

B737-900

Jan. 7

San Jose (SJC)

10:30 a.m.

Las Vegas (LAS)

12:00 p.m.

E175

Jan. 7

San Jose (SJC)

3:30 p.m.

Las Vegas (LAS)

5:00 p.m.

B737-900

Jan. 7

San Jose (SJC)

7:30 p.m.

Las Vegas (LAS)

9:00 p.m.

B737-900

Outbound from Las Vegas

Date

Depart

Depart

Arrive

Time

Aircraft

Jan. 11

Las Vegas (LAS)

3:30 p.m.

Boston (BOS)

11:35 p.m.

B737-900

Jan. 11

Las Vegas (LAS)

4:30 p.m.

Austin (AUS)

9:10 p.m.

B737-700

Jan. 11

Las Vegas (LAS)

12:30 p.m.

Fort Lauderdale (FLL)

8:05 p.m.

B737-900

Jan. 11

Las Vegas (LAS)

12:40 p.m.

Pittsburgh (PIT)

7:55 p.m.

A319

Jan. 11

Las Vegas (LAS)

12:45 p.m.

Raleigh-Durham (RDU)

8:10 p.m.

B737-900

Jan. 11

Las Vegas (LAS)

11:00 a.m.

San Diego (SAN)

12:10 p.m.

E175

Jan. 11

Las Vegas (LAS)

7:00 p.m.

San Diego (SAN)

8:10 p.m.

E175

Jan. 11

Las Vegas (LAS)

3:00 p.m.

Seattle (SEA)

5:40 p.m.

B737-900

Jan. 11

Las Vegas (LAS)

10:30 a.m.

San Jose (SJC)

12:00 p.m.

B737-900

Jan. 11

Las Vegas (LAS)

2:40 p.m.

San Jose (SJC)

4:10 p.m.

E175

Jan. 11

Las Vegas (LAS)

6:50 p.m.

San Jose (SJC)

8:20 p.m.

B737-900

Jan. 12

Las Vegas (LAS)

3:30 p.m.

Boston (BOS)

11:35 p.m.

B737-900

From its hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C. United will offer up to 48 nonstop daily flights to Las Vegas between Jan. 6 and Jan. 12, 2019. To help connect more customers to Las Vegas and CES 2019, United will operate select flights between Las Vegas and New York/Newark and San Francisco with Boeing 777-200 widebody aircraft, which are typically reserved for international flights.

Beginning January 13, United will resume regularly scheduled flights between Las Vegas and its hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C.

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 Nasdaq under the symbol "UAL".

SOURCE United Airlines

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

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