| Exhibit 99.1 |
News Release | |
United Continental Holdings, Inc. | |
Worldwide Media Relations | |
312.997.8640 | 713.324.5080 | |
media.relations@united.com | media.relations@coair.com | |
UNITED CONTINENTAL HOLDINGS REPORTS OCTOBER 2010 OPERATIONAL PERFORMANCE FOR
UNITED AIRLINES AND CONTINENTAL AIRLINES
CHICAGO, Nov. 5, 2010 – United Continental Holdings, Inc. (NYSE: UAL) today reported October 2010 and year-to-date 2010 operational results for United Air Lines, Inc. and Continental Airlines, Inc.
On a combined basis, United and Continental’s consolidated traffic (revenue passenger miles) in October 2010 increased 5.9 percent versus October 2009 on a consolidated capacity increase of 5.0 percent. The carriers’ combined consolidated load factor increased 0.7 points compared to the same period last year.
October 2010 passenger revenue per available seat mile (RASM) estimates for United and Continental are presented based on historical income statement revenue classifications. For October 2010, United’s consolidated RASM increased an estimated 13.0 to 14.0 percent compared to October 2009, while United’s mainline RASM increased an estimated 14.0 to 15.0 percent compared to the same period last year. Continental’s October consolidated RASM increased an estimated 15.5 to 16.5 percent compared to October 2009, while Continental’s mainline RASM increased an estimated 17.0 to 18.0 percent compared to the same period last year.
In December, United Continental Holdings, Inc. will report United and Continental’s November 2010 RASM estimate on a combined basis using an aligned presentation for passenger revenue based on final income statement classifications.
About United Continental Holdings, Inc.
United Continental Holdings, Inc. (NYSE: UAL) is the holding company for both United Airlines and Continental Airlines. Together with United Express, Continental Express and Continental Connection, these airlines operate a total of approximately 5,800 flights a day to 371 airports on six continents from their hubs in Chicago, Cleveland, Denver, Guam, Houston, Los Angeles, New York/Newark Liberty, San Francisco, Tokyo and Washington, D.C. United and Continental are members of Star Alliance, which offers 21,000 daily flights to 1,160 airports in 181 countries. United’s and Continental’s more than 80,000 employees reside in every U.S. state and in many countries around the world. For more information about United Continental Holdings, Inc., go to UnitedContinent alHoldings.com. For more information about the airlines, see united.com and continental.com, and follow each company on Twitter and Facebook.
-tables attached-
(more)

Combined United and Continental Pro Forma Preliminary Operational Results |
| | | | | | | | | | |
| | October | | Year-to-Date |
| | 2010 | 2009 | Change | | 2010 | 2009 | Change |
REVENUE PASSENGER MILES (000) | | | | | | | | |
| North America | 8,298,787 | 8,264,709 | 0.4 | % | | 81,846,298 | 83,197,637 | -1.6 | % |
| | | | | | | | | | |
| International | 7,391,028 | 6,642,240 | 11.3 | % | | 73,553,683 | 68,808,045 | 6.9 | % |
| Atlantic | 3,594,319 | 3,225,731 | 11.4 | % | | 33,935,880 | 32,279,448 | 5.1 | % |
| Pacific | 2,761,033 | 2,466,377 | 11.9 | % | | 26,648,100 | 24,217,308 | 10.0 | % |
| Latin America | 1,035,676 | 950,132 | 9.0 | % | | 12,969,703 | 12,311,289 | 5.3 | % |
| | | | | | | | | | |
| Mainline | 15,689,815 | 14,906,949 | 5.3 | % | | 155,399,981 | 152,005,682 | 2.2 | % |
| Regional | 2,239,243 | 2,026,698 | 10.5 | % | | 21,862,558 | 19,235,112 | 13.7 | % |
| Consolidated | 17,929,058 | 16,933,647 | 5.9 | % | | 177,262,539 | 171,240,794 | 3.5 | % |
| | | | | | | | | | |
AVAILABLE SEAT MILES (000) | | | | | | | | |
| North America | 9,682,695 | 9,694,657 | -0.1 | % | | 95,965,128 | 98,494,748 | -2.6 | % |
| | | | | | | | | | |
| International | 8,991,119 | 8,164,238 | 10.1 | % | | 88,488,777 | 87,228,395 | 1.4 | % |
| Atlantic | 4,368,780 | 3,793,434 | 15.2 | % | | 40,815,547 | 40,268,017 | 1.4 | % |
| Pacific | 3,313,341 | 3,185,506 | 4.0 | % | | 31,636,463 | 31,614,914 | 0.1 | % |
| Latin America | 1,308,998 | 1,185,298 | 10.4 | % | | 16,036,767 | 15,345,464 | 4.5 | % |
| | | | | | | | | | |
| Mainline | 18,673,814 | 17,858,895 | 4.6 | % | | 184,453,905 | 185,723,143 | -0.7 | % |
| Regional | 2,798,319 | 2,583,006 | 8.3 | % | | 27,683,445 | 25,067,112 | 10.4 | % |
| Consolidated | 21,472,133 | 20,441,901 | 5.0 | % | | 212,137,350 | 210,790,255 | 0.6 | % |
| | | | | | | | | | |
PASSENGER LOAD FACTOR | | | | | | | | |
| North America | 85.7% | 85.3% | 0.4 | pts | 85.3% | 84.5% | 0.8 | pts |
| | | | | | | | | | |
| International | 82.2% | 81.4% | 0.8 | pts | 83.1% | 78.9% | 4.2 | pts |
| Atlantic | 82.3% | 85.0% | -2.7 | pts | | 83.1% | 80.2% | 2.9 | pts |
| Pacific | 83.3% | 77.4% | 5.9 | pts | | 84.2% | 76.6% | 7.6 | pts |
| Latin America | 79.1% | 80.2% | -1.1 | pts | | 80.9% | 80.2% | 0.7 | pts |
| | | | | | | | | | |
| Mainline | 84.0% | 83.5% | 0.5 | pts | 84.2% | 81.8% | 2.4 | pts |
| Regional | 80.0% | 78.5% | 1.5 | pts | 79.0% | 76.7% | 2.3 | pts |
| Consolidated | 83.5% | 82.8% | 0.7 | pts | 83.6% | 81.2% | 2.4 | pts |
| | | | | | | | | | |
ONBOARD PASSENGERS (000) | | | | | | | | |
| Mainline | 8,427 | 8,320 | 1.3 | % | | 83,462 | 85,871 | -2.8 | % |
| Regional | 4,001 | 3,750 | 6.7 | % | | 38,784 | 35,557 | 9.1 | % |
| Consolidated | 12,428 | 12,070 | 3.0 | % | | 122,246 | 121,428 | 0.7 | % |
| | | | | | | | | | |
CARGO REVENUE TON MILES (000) | | | | | | | | |
| Total | 266,974 | 256,666 | 4.0 | % | | 2,511,703 | 2,049,696 | 22.5 | % |
| | | | | | | | | | |
(more) |
United Preliminary Operational Results |
| | | | | | | | | | |
| | October | | Year-to-Date |
| | 2010 | 2009 | Change | | 2010 | 2009 | Change |
REVENUE PASSENGER MILES (000) | | | | | | | | | |
| North America | 4,897,230 | 4,821,391 | 1.6 | % | | 48,268,771 | 49,232,185 | -2.0 | % |
| | | | | | | | | | |
| International | 3,960,587 | 3,611,550 | 9.7 | % | | 38,022,135 | 35,710,947 | 6.5 | % |
| Pacific | 2,014,503 | 1,819,380 | 10.7 | % | | 19,309,604 | 17,929,194 | 7.7 | % |
| Atlantic | 1,697,820 | 1,581,667 | 7.3 | % | | 15,999,487 | 15,209,278 | 5.2 | % |
| Latin America | 248,264 | 210,503 | 17.9 | % | | 2,713,044 | 2,572,475 | 5.5 | % |
| | | | | | | | | | |
| Mainline | 8,857,817 | 8,432,941 | 5.0 | % | | 86,290,906 | 84,943,132 | 1.6 | % |
| Regional | 1,448,973 | 1,244,706 | 16.4 | % | | 13,785,724 | 11,468,865 | 20.2 | % |
| Consolidated | 10,306,790 | 9,677,647 | 6.5 | % | | 100,076,630 | 96,411,997 | 3.8 | % |
| | | | | | | | | | |
AVAILABLE SEAT MILES (000) | | | | | | | | | |
| North America | 5,676,910 | 5,663,358 | 0.2 | % | | 56,537,073 | 58,497,282 | -3.4 | % |
| | | | | | | | | | |
| International | 4,816,594 | 4,396,710 | 9.5 | % | | 45,590,549 | 45,308,929 | 0.6 | % |
| Pacific | 2,403,855 | 2,301,698 | 4.4 | % | | 22,791,902 | 23,222,944 | -1.9 | % |
| Atlantic | 2,111,618 | 1,832,001 | 15.3 | % | | 19,420,991 | 18,724,058 | 3.7 | % |
| Latin America | 301,121 | 263,011 | 14.5 | % | | 3,377,656 | 3,361,927 | 0.5 | % |
| | | | | | | | | | |
| Mainline | 10,493,504 | 10,060,068 | 4.3 | % | | 102,127,622 | 103,806,211 | -1.6 | % |
| Regional | 1,813,426 | 1,583,086 | 14.6 | % | | 17,480,188 | 14,922,494 | 17.1 | % |
| Consolidated | 12,306,930 | 11,643,154 | 5.7 | % | | 119,607,810 | 118,728,705 | 0.7 | % |
| | | | | | | | | | |
PASSENGER LOAD FACTOR | | | | | | | | | |
| North America | 86.3% | 85.1% | 1.2 | pts | 85.4% | 84.2% | 1.2 | pts |
| | | | | | | | | | |
| International | 82.2% | 82.1% | 0.1 | pts | 83.4% | 78.8% | 4.6 | pts |
| Pacific | 83.8% | 79.0% | 4.8 | pts | | 84.7% | 77.2% | 7.5 | pts |
| Atlantic | 80.4% | 86.3% | -5.9 | pts | | 82.4% | 81.2% | 1.2 | pts |
| Latin America | 82.4% | 80.0% | 2.4 | pts | | 80.3% | 76.5% | 3.8 | pts |
| | | | | | | | | | |
| Mainline | 84.4% | 83.8% | 0.6 | pts | 84.5% | 81.8% | 2.7 | pts |
| Regional | 79.9% | 78.6% | 1.3 | pts | 78.9% | 76.9% | 2.0 | pts |
| Consolidated | 83.7% | 83.1% | 0.6 | pts | 83.7% | 81.2% | 2.5 | pts |
| | | | | | | | | | |
ONBOARD PASSENGERS (000) | | | | | | | | | |
| Mainline | 4,664 | 4,668 | -0.1 | % | | 45,612 | 47,601 | -4.2 | % |
| Regional | 2,517 | 2,281 | 10.4 | % | | 23,965 | 21,156 | 13.3 | % |
| Consolidated | 7,181 | 6,949 | 3.3 | % | | 69,577 | 68,757 | 1.2 | % |
| | | | | | | | | | |
CARGO REVENUE TON MILES (000) | | | | | | | | | |
| Total | 165,383 | 161,185 | 2.6 | % | | 1,587,157 | 1,289,446 | 23.1 | % |
| | | | | | | | | | |
(more) |
United Preliminary Operational and Financial Results |
| | | | | | | Change |
September 2010 year-over-year consolidated RASM change | | | | 13.8 | Percent |
September 2010 year-over-year mainline RASM change | | | | 14.5 | Percent |
October 2010 estimated year-over-year consolidated RASM change | | | 13.0 - 14.0 | Percent |
October 2010 estimated year-over-year mainline RASM change | | | 14.0 - 15.0 | Percent |
| | | | | | | | |
October | | | 2010 | 2009 | Change |
On-Time Performance 1 | | | 89.9% | 81.7% | 8.2 | Points |
Completion Factor 2 | | | 99.5% | 98.7% | 0.8 | Points |
| | | | | | | | |
1 Department of Transportation Arrivals within 14 minutes | | | | | |
2 Mainline Segment Completion Percentage | | | | | | |
| | | | | | | | |
(more) |
Continental Preliminary Operational Results |
| | | | | | | | | | |
| | October | | Year-to-Date |
| | 2010 | 2009 | Change | | 2010 | 2009 | Change |
REVENUE PASSENGER MILES (000) | | | | | | | | |
| North America | 3,401,557 | 3,443,318 | -1.2 | % | | 33,577,527 | 33,965,452 | -1.1 | % |
| | | | | | | | | | |
| International | 3,430,441 | 3,030,690 | 13.2 | % | | 35,531,548 | 33,097,098 | 7.4 | % |
| Atlantic | 1,896,499 | 1,644,064 | 15.4 | % | | 17,936,393 | 17,070,170 | 5.1 | % |
| Latin America | 787,412 | 739,629 | 6.5 | % | | 10,256,659 | 9,738,814 | 5.3 | % |
| Pacific | 746,530 | 646,997 | 15.4 | % | | 7,338,496 | 6,288,114 | 16.7 | % |
| | | | | | | | | | |
| Mainline | 6,831,998 | 6,474,008 | 5.5 | % | | 69,109,075 | 67,062,550 | 3.1 | % |
| Regional & Other | 790,270 | 781,992 | 1.1 | % | | 8,076,834 | 7,766,247 | 4.0 | % |
| Consolidated | 7,622,268 | 7,256,000 | 5.0 | % | | 77,185,909 | 74,828,797 | 3.2 | % |
| | | | | | | | | | |
AVAILABLE SEAT MILES (000) | | | | | | | | | |
| North America | 4,005,785 | 4,031,299 | -0.6 | % | | 39,428,055 | 39,997,466 | -1.4 | % |
| | | | | | | | | | |
| International | 4,174,525 | 3,767,528 | 10.8 | % | | 42,898,228 | 41,919,466 | 2.3 | % |
| Atlantic | 2,257,162 | 1,961,433 | 15.1 | % | | 21,394,556 | 21,543,959 | -0.7 | % |
| Latin America | 1,007,877 | 922,287 | 9.3 | % | | 12,659,111 | 11,983,537 | 5.6 | % |
| Pacific | 909,486 | 883,808 | 2.9 | % | | 8,844,561 | 8,391,970 | 5.4 | % |
| | | | | | | | | | |
| Mainline | 8,180,310 | 7,798,827 | 4.9 | % | | 82,326,283 | 81,916,932 | 0.5 | % |
| Regional & Other | 984,893 | 999,920 | -1.5 | % | | 10,203,257 | 10,144,618 | 0.6 | % |
| Consolidated | 9,165,203 | 8,798,747 | 4.2 | % | | 92,529,540 | 92,061,550 | 0.5 | % |
| | | | | | | | | | |
PASSENGER LOAD FACTOR | | | | | | | | | |
| North America | 84.9% | 85.4% | -0.5 | pts | | 85.2% | 84.9% | 0.3 | pts |
| | | | | | | | | | |
| International | 82.2% | 80.4% | 1.8 | pts | | 82.8% | 79.0% | 3.8 | pts |
| Atlantic | 84.0% | 83.8% | 0.2 | pts | | 83.8% | 79.2% | 4.6 | pts |
| Latin America | 78.1% | 80.2% | -2.1 | pts | | 81.0% | 81.3% | -0.3 | pts |
| Pacific | 82.1% | 73.2% | 8.9 | pts | | 83.0% | 74.9% | 8.1 | pts |
| | | | | | | | | | |
| Mainline | 83.5% | 83.0% | 0.5 | pts | | 83.9% | 81.9% | 2.0 | pts |
| Regional & Other | 80.2% | 78.2% | 2.0 | pts | | 79.2% | 76.6% | 2.6 | pts |
| Consolidated | 83.2% | 82.5% | 0.7 | pts | | 83.4% | 81.3% | 2.1 | pts |
| | | | | | | | | | |
ONBOARD PASSENGERS (000) | | | | | | | | | |
| Mainline | 3,763 | 3,652 | 3.0 | % | | 37,850 | 38,270 | -1.1 | % |
| Regional & Other | 1,484 | 1,469 | 1.0 | % | | 14,819 | 14,401 | 2.9 | % |
| Consolidated | 5,247 | 5,121 | 2.5 | % | | 52,669 | 52,671 | 0.0 | % |
| | | | | | | | | | |
CARGO REVENUE TON MILES (000) | | | | | | | | |
| Total | 101,591 | 95,482 | 6.4 | % | | 924,546 | 760,250 | 21.6 | % |
| | | | | | | | | | |
(more) |
Continental Preliminary Operational and Financial Results |
| | | | | | | Change |
September 2010 year-over-year consolidated RASM change | | | | 19.3 | Percent |
September 2010 year-over-year mainline RASM change | | | | 21.1 | Percent |
October 2010 estimated year-over-year consolidated RASM change 1 | | | 15.5 - 16.5 | Percent |
October 2010 estimated year-over-year mainline RASM change 1 | | | 17.0 - 18.0 | Percent |
| | | | | | | | |
October | | | 2010 | 2009 | Change |
On-Time Performance 2 | | | 87.5% | 75.1% | 12.4 | Points |
Completion Factor 3 | | | 99.9% | 99.8% | 0.1 | Points |
| | | | | | | | |
1 Does not reflect the impact of the purchase accounting adjustments to be made in conjunction with the merger that closed on Oct. 1, 2010 |
2 Department of Transportation Arrivals within 14 minutes | | | | | |
3 Mainline Segment Completion Percentage | | | | | | |
| | | | | | | | |
(more) |
Combined United and Continental Pro Forma Preliminary Financial Results |
| | | | | | | Change |
October 2010 consolidated estimated average price per gallon of fuel, including fuel taxes1 | | | 2.40 | Dollars |
Fourth Quarter 2010 consolidated estimated average price per gallon of fuel, including fuel taxes1 | | 2.42 | Dollars |
| | | | | | | | |
1 Excluding non-cash, net mark-to-market gains and losses | | | | |
| | | | | | | | |
GAAP to Non-GAAP Reconciliations
Pursuant to SEC Regulation G, the Company has included the following reconciliation of reported non-GAAP financial measures to comparable financial measures reported on a GAAP basis. Since the Company did not apply cash flow hedge accounting prior to April 1, 2010, the Company believes that the net fuel hedge adjustments provide management and investors with a better perspective of its performance and comparison to its peers because the adjustments reflect the economic fuel cost during the periods presented and many of our peers apply cash flow hedge accounting. The non-cash mark-to-market gain/loss adjustment includes the reversal of prior period non-cash mark-to-market gain/loss related to September hedge settlements.
Combined United and Continental Pro Forma | | |
| | | | | October 2010 | 4Q 2010 |
Consolidated fuel price per gallon (GAAP) | 2.41 | Dollars | 2.43 | Dollars |
Less: Non-cash, net mark-to-market gains and (losses) per gallon | (0.01) | Dollars | (0.01) | Dollars |
Consolidated fuel price per gallon excluding non-cash, net mark-to-market gains and losses | 2.40 | Dollars | 2.42 | Dollars |
| | | | | | | | |
| | | | | | | | |
### |