UAL Q1 2013 Earnings Call

Discussion in 'United Airlines | MileagePlus' started by davef139, Apr 25, 2013.  |  Print Topic

  1. davef139

    davef139 Gold Member

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    As usual will post highlights from the call.

    Highlights from the new release.

    LOSS 325million / $0.89/sh
    81% mainline ontime
    6.4billion in unrestricted liq.
    return on invested cap only 8%

    VS 2012
    TPAC/Regional up while ASM fell across the board 10% hit on TATL.
    LATAM was down across all comps
    PRASM/Yield was up elsewhere TATL 11% jump in PRASM


    The big cust service push Jeff talked about last call.. 13000 people have completed training.

    Took deliver of 6 737-900ER
    retired 2x 752 and 3x 735's
    FedEx to buy up to 30 752's

    Wifi is on 38 aircraft

    As for a disclaimer, I do hold PUT options against UAL on various strikes at time of posting.
     
  2. davef139

    davef139 Gold Member

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    and it starts..
     
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  3. davef139

    davef139 Gold Member

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    Push on ontime, he thinks they are boarding ontime
    AERO is new PSS frontend for UA
     
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  4. davef139

    davef139 Gold Member

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    7000 flat bed seats almost all have E+ (mainline)

    51aircraft with wifi and power

    747 x8 have wifi

    787 flights in May. DEN-NRT june 10th first intl flight for 787
     
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  5. davef139

    davef139 Gold Member

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    3 agreements made but not ratified
    New boarding process to be rolled out in hubs and big areas
    3 more UCs to be renovated like ORDt2
     
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  6. davef139

    davef139 Gold Member

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    Cost Cuts/Rev

    19billion in taxes/fees yearly for airlines ex:income tax

    new 5bln in taxes more then the entire industry made in profit last year

    Blaming FAA about ATC delays/impacts

    "We are running United like a real business for long term sucess" They were running it for short term before? :rolleyes:
     
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  7. davef139

    davef139 Gold Member

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    AERO;
    GUI, should make frontline agents tasks easier, more point and click.
    Build with feedback from employees
    BY June all departure mgnt will be done viathis platform
    2014 res agents get it
     
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  8. davef139

    davef139 Gold Member

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    787
    LAX-Narita/Shangai
    IAH-LAGOS
    in AUG
    Cap hits blamed partially on Easter in late March and Spring break happening the sametime. Storm
     
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  9. davef139

    davef139 Gold Member

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    Corp Rev up 4%
    Gov Contract travel decline 25% - expects it to last to next qtr
    Gov Contract is only 2% of overall rev
    Prasm down in Q2 due to Virigin competition and lower fares
     
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  10. davef139

    davef139 Gold Member

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    April PRASM flat to down
    40% YOY growth on paid upgrades E+/F
    More direct channel booking allows for more paid upgrades
    10% growth on service charges and fees
    UC in SEA Q2 mimic ORDt2
    182 aircraft with lie flat
    51 wifi birds
    38 aircraft are Sat Based
    13 ground based wifi (PS aircraft?)
     
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  11. RRK

    RRK Silver Member

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    The biggest storm "JEFF" will destroy it all ;)
     
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  12. davef139

    davef139 Gold Member

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    Launch cust for split scimitar winglet
    1 752 was delivered to FDX this week
    Q2
    6 new 737-900ER deliveries
    retire 12aircraft
    last 5 737-500 and 5 767-200
     
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  13. davef139

    davef139 Gold Member

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    Q/A time
     
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  14. davef139

    davef139 Gold Member

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    Q: Impact of 787
    A: Costs 11million, didn't really say much else but they took a charge for 11
     
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  15. davef139

    davef139 Gold Member

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    Hmm possible schedule changes due to expected cap cuts, that haven't been put into current schedule.
     
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  16. davef139

    davef139 Gold Member

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    Sequester Q: effects about 20000 UApax/day
     
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  17. davef139

    davef139 Gold Member

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    and done
     
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  18. genemk2

    genemk2 Gold Member

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    Thank you davef139 for the play-by-play. Always appreciated.
     
  19. Wandering Aramean
    Original Member

    Wandering Aramean Gold Member

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    Yup..the 13 are p.s..
     
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  20. edcho

    edcho Silver Member

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    Thanks davef139!

    New boarding process that we have to learn?!?
     
  21. genemk2

    genemk2 Gold Member

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    It's a reference to the pilot program that involves five (?) separate boarding lanes to help people board at the appropriate time (and which also encourages gate licing). Supposed to be expanded throughout the main hubs and stations.
     
  22. edcho

    edcho Silver Member

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    Oh... the cattle herding lanes.
     
  23. stephenbgarvan

    stephenbgarvan Silver Member

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    Are you kidding us?
     
  24. mattsteg
    Original Member

    mattsteg Gold Member

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    He thinks you'll like it.
     
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  25. genemk2

    genemk2 Gold Member

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    No.
     
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