United Airlines 2012 Q3 Earnings

Discussion in 'United Airlines | MileagePlus' started by davef139, Oct 25, 2012.  |  Print Topic

  1. davef139

    davef139 Gold Member

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  2. davef139

    davef139 Gold Member

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    Out of the new release here are the Q3 highlights.

    Third-Quarter 2012 Events
    • United recorded a U.S. Department of Transportation domestic on-time arrival rate of 72.4 percent and a system completion factor of 98.6 percent for the quarter. For international flights, United recorded an on-time arrival rate of 71.0 percent. The on-time arrival rates are based on flights arriving within 14 minutes of scheduled arrival time.
    • On Aug. 2, the company reached an agreement in principle for a joint collective bargaining agreement with the Air Line Pilots Association representing pilots from the company's United and Continental subsidiaries. Flight attendants from the company's Continental and Continental Micronesia subsidiaries ratified new labor agreements, and the company began the joint collective bargaining process with the Association of Flight Attendants, which represents all flight attendants. The company and the International Association of Machinistsannounced that they would engage in expedited joint collective bargaining agreement negotiations for fleet service employees, passenger service employees and certain other work groups. The company is also in the process of commencing joint negotiations with the International Brotherhood of Teamsters, which represents maintenance technicians.
    • United employees earned cash incentive payments totaling $5 million for exceeding 80 percent domestic on-time arrival performance for the month of September.
    • United took delivery of its first Boeing 787. United is the first North American carrier to take delivery of the 787, and the aircraft is the first of five new Dreamliners the airline expects to receive this year from its total order for 50 of the aircraft.
    • United announced routes for its Boeing 787 aircraft, in addition to the previously announced service from itsDenver hub to Tokyo Narita, including service between its Houston hub and Lagos, Nigeria, and from its Los Angeles hub to Tokyo Narita and Shanghai. The airline will also operate Dreamliner service from its Houston hub to Amsterdam and London Heathrow on a temporary basis.
    • The company announced an order to purchase 150 narrowbody Boeing 737 aircraft, including 100 Boeing 737 MAX 9 aircraft and 50 Boeing 737-900ER aircraft for delivery between 2013 and 2022. These new aircraft will allowUnited to replace older, less-efficient aircraft to reduce fuel and operating costs, enhance the customer experience and maximize network opportunities.
    • During the quarter, United launched service from Newark to Istanbul. In addition, the carrier launched service fromSan Francisco to Raleigh-Durham, N.C., from Denver to Shreveport, La., and from Newark to Columbia, S.C.United also announced 12 new routes during the quarter, including flights from its San Francisco hub to Taipei, Taiwan, and Paris, as well as from Washington, D.C. to San Salvador, from Cleveland to Nashville and fromChicago to Monterrey, Mexico, Thunder Bay, Canada, and Nassau, Bahamas.
    • Emphasizing the importance of service and reliability, United awarded new Ford vehicles to 11 employees for their perfect attendance. Thousands of employees were eligible, and United selected the winners during a random drawing.
    • United now has 180 airplanes featuring DIRECTV®, offering customers more live television access than any other airline in the world.
    • United Economy Plus seating is now on 90 percent of United's entire mainline fleet, and the company continues to install flat-bed seats in premium cabins on its international fleet. United now has 159 aircraft featuring flat-bed seats, more than any other U.S. carrier.
    • United launched its MileagePlus Digital Media Store, a first-of-its-kind in the airline industry, giving MileagePlus members the opportunity to use miles for music tracks, albums and movies.
     
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  3. Wandering Aramean
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    Wandering Aramean Gold Member

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    PRASM is 13.35 cents.

    DL's PRASM is 13.96 cents.
    AA's PRASM is 12.6 cents.
    US's PRASM is 11.85 cents.
     
  4. davef139

    davef139 Gold Member

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    In Q2 he said he wanted to go to a more reliable airline. So he claims with 82% ontime UA is reliable. Mishandled bagged improved 30% in June/July

    lol.. comparing construction to lower rev. during the massive irrops
     
  5. davef139

    davef139 Gold Member

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    Jeff hopes to reclaim customers that went other ways during all the bad Juneness
     
  6. davef139

    davef139 Gold Member

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    Sat wifi aircraft should be up in Nov. 1 plane equipped.
     
  7. davef139

    davef139 Gold Member

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    UA will own all hardware and portal for wifi, easily to make free sites and pricing models.

    300 aircraft by end of 2013 should be equipped.
     
  8. davef139

    davef139 Gold Member

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    E+ on 90%
    100% by early 2013
    Feb 13 All TATL should have flat bed and all international craft by next spring.
     
  9. davef139

    davef139 Gold Member

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    wow latam is down big. I dont think it will matter is WN enters the market for them to cut at IAH
     
  10. davef139

    davef139 Gold Member

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    E+ Sales rose 20% Mostly due to more sseats avail
     
  11. davef139

    davef139 Gold Member

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    Aircraft redeployment should be done by Q1 2013
     
  12. davef139

    davef139 Gold Member

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    Adding jet bridges at ORD T2 YES YES YES!
     
  13. davef139

    davef139 Gold Member

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    Year end
    6 739ER
    4 787
    to be delivered

    Q3
    it was 4-5 739 delivered 1 787.
    1 757 removed and 737 classics? removed
     
  14. davef139

    davef139 Gold Member

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    Ok question/answer time!
     
  15. davef139

    davef139 Gold Member

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    haha

    Q asked about Pilot contract and jeff just shot him down totally not saying anything
     
  16. davef139

    davef139 Gold Member

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    Hmm last week UA raised prices $2-5? I didn't know that
     
  17. ssullivan
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    ssullivan Gold Member

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    This project is moving along quickly. I've already used some of the new jet bridges in recent weeks.
     
  18. davef139

    davef139 Gold Member

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    Hmm shorter call more analyst side questions. only a couple PR and I missed the last one about how UA is going to try to get customers back.
     
  19. Seacarl
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    Seacarl Gold Member

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    What they need is a new concourse at IAD
     
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  20. unavaca
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    unavaca Gold Member

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    Disappointed that they didn't go with a Gogo solution; Gogo even has satellite capabilities now, too.
     
  21. Wandering Aramean
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    Wandering Aramean Gold Member

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    Why are you disappointed in that? Is there something particularly special about gogo?

    Their satellite capabilities are limited versus the Panasonic solution and they aren't going to be anywhere close to the Ka satellite speeds that the LiveTV planes will sport. Plus, the company owning the portal interface is a good thing for customers.
     
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  22. KenInEscazu

    KenInEscazu Gold Member

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    Just an observer's view, but it looks like it's down to SJO because they have fewer flights. UGs are so few and far between that I am now buying 90% Z fares. I guess they know what they are doing, but the schedules are often quite inconvenient (first flight departs at 6:59 AM) without afternoon departures. Sometimes they have a 1:XX departure, but I haven't studied the scheduling of that flight. All I know for sure is that I haven't been on a flight all year that wasn't completely booked.
     
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  23. unavaca
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    unavaca Gold Member

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    Unified pricing and promotions across all US carriers is a huge plus for me. Corporate agreement with Gogo help keep prices down; much of that through volume that could only be accomplished by covering multiple carriers.
     
  24. davef139

    davef139 Gold Member

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    Are you a UA elite? I have a feeling with their own portal you aren't going to be paying for access, also opens up the ability for miles burn for internet. Sat based also allows for international flights to be equipped right?
     
  25. KenInEscazu

    KenInEscazu Gold Member

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    I sure hope you are right. Having web access in the air is going to convert many hours/year into productive ones for me. I'm going to use it, paid or free, but it does seem reasonable that at least Platinums and up would have free access.

    Sometimes status doesn't pay. My flight from IAH-SJO was delayed over 1.5 hours Tuesday. First due to a no-show resulting in baggage being pulled, and later because they broke a containment net when trying to pull the bags. Everyone in coach got free food and IFE for the inconvenience. I paid for my UBF seat and was equally delayed, but didn't get anything but a couple of extra plastic cups of water for the delay. :confused:
     

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