United Announces Full-Year and Fourth-Quarter 2013 Profit

[700UW]

UAL Reports $1.1 Billion Full-Year 2013 Profit Excluding Special Charges, an 84 Percent Increase over 2012 Results; $571 Million Profit Including Special Charges

UAL Reports $298 Million Fourth-Quarter 2013 Profit Excluding Special Charges; $140 Million Profit Including Special Charges
 
http://finance.yahoo.com/news/united-announces-full-fourth-quarter-123000061.html

 

[FWAAA]

Much better than the dismal 2012 results, but a tiny profit compared to that Atlanta-based airline.    Excluding special items, DL earned $3.2 billion (before profit sharing expense) while UAL earned but $1.274 billion before profit sharing expense, or $1.9 billion less than DL.   

 

[700UW]

Its a huge improvement for them, from barely $39M in 2012 to $1.249B in 2013.

 

[swamt]

Very nice improvement on the numbers guys.  Congrats to all for a job well done and enjoy the profit sharing.  It's great to hear these positive numbers coming back to the airline industry.  Can only hope 14 will just as impressive for all of us...

 

[metopower]

Does UAL have profit sharing? What is the percentage?

 

[swamt]

Actually I'm not sure.  I hope they do.  I thought all airlines enjoyed PS.

 

[700UW]

$140 Million Profit Including Special Charges

 

[FWAAA]

Does UAL have profit sharing? What is the percentage?

Yes, UA employees have profit sharing.    15% of the net profits (excluding special items).     
 
For 2013,  UA employees will get $190 million in profit sharing on February 14.   

 

[metopower]

Thanks

 

[SharoninSAT]

.
Congratulations to all at United...

 

[robbedagain]

Congrats to all the hard working folks at ual

 

[WorldTraveler]

and in the latest month, UA's traffic report shows that it continues to shrink, flying 1.6% less RPMs than in the year before.

UA quit reporting its estimated monthly RASM, the first large carrier to do so since it became a standard part of large US airline traffic reports.

UA also reported its expected fuel price for the quarter will be $3.14-3.19 for the quarter. DL and UA are the only two airlines that are reporting estimated fuel prices since AA dropped it as part of the merger; US did not report it pre-merger. Based on DL's estimate, UA is paying about 15 cents more gallon for fuel than DL.

 

[dfw gen]

and in the latest month, UA's traffic report shows that it continues to shrink, flying 1.6% less RPMs than in the year before.

UA quit reporting its estimated monthly RASM, the first large carrier to do so since it became a standard part of large US airline traffic reports.

UA also reported its expected fuel price for the quarter will be $3.14-3.19 for the quarter. DL and UA are the only two airlines that are reporting estimated fuel prices since AA dropped it as part of the merger; US did not report it pre-merger. Based on DL's estimate, UA is paying about 15 cents more gallon for fuel than DL.

sorry guys we ran the DWEEB off of the aa forum so your stuck with him till he builds his courage up.....

 

[WorldTraveler]

does the defintion of dweeb mean that talking about the truth is off limits?

perhaps you have an explanation of why UA quit reporting its RASM and how it will compete with a network carrier that has a 15 cent cost advantage on fuel - which amounts to about a 5% advantage on the biggest cost item.

 

[eolesen]

That's an estimated $0.15 cost advantage...

UA and other airlines are free to provide whatever forward looking guidance they want to which goes beyond the mandated reporting requirements. In UA's case, RASM isn't required to be reported monthly. Neither are estimated fuel expenses.

As for UA's 1.6% reduction year over year.... did you by any chance consider the YOY impact of weather cancellations?

Yeah, didn't think so.

Everyone else who read the traffic report in any detail figured that out after about three or four seconds, and didn't jump to the conclusion that UA is suddenly shrinking.

You want to talk about the truth? Start actually posting the whole truth, and not those convenient slivers which happen to cast UA in a dim light and DL in a positive one.