What is going on at United???

[KarmaPolice]

Delta and AA make about 400 million, and United loses 489?



United Announces First-Quarter 2014 Results

CHICAGO, April 24, 2014 /PRNewswire/ -- United Airlines (UAL) today reported a first-quarter 2014 net loss of $489 million, or $1.33 per share, excluding $120 million of special items. Including special items, UAL reported a first-quarter 2014 net loss of $609 million, or $1.66 per share.

Historic severe weather increased United's first-quarter loss by approximately $200 million.
United's consolidated passenger revenue per available seat mile (PRASM) decreased 2.0 percent in the first quarter of 2014 compared to the first quarter of 2013. Weather-related cancellations reduced first-quarter 2014 consolidated PRASM by approximately 1.5 percentage points.
First-quarter 2014 consolidated unit costs (CASM) increased 1.0 percent year-over-year. First-quarter 2014 consolidated CASM, excluding special charges, third-party business expenses, fuel and profit sharing, increased 3.1 percent year-over-year on a consolidated capacity reduction of 0.3 percent.
"This quarter's financial performance is well below what we can and should achieve. We are taking the appropriate steps with our operations, network, service and product to deliver significantly better financial results," said Jeff Smisek, UAL's chairman, president and chief executive officer. "The entire United team is sharply focused on accomplishing the goals we have laid out for long-term financial success."
First-Quarter Revenue and Capacity

For the first quarter of 2014, total revenue was $8.7 billion, a decrease of 0.3 percent year-over-year. First-quarter consolidated passenger revenue decreased 2.3 percent to $7.4 billion, compared to the same period in 2013. Ancillary revenue per passenger in the first quarter increased 7.6 percent year-over-year to more than $21 per passenger. First-quarter cargo revenue decreased 7.9 percent versus the first quarter of 2013 to $209 million. Other revenue in the first quarter increased 18.0 percent year-over-year to $1.1 billion, in large part due to an agreement to sell jet fuel to a third party.

Consolidated revenue passenger miles and consolidated available seat miles each decreased 0.3 percent year-over-year for the first quarter, driven largely by adverse weather, resulting in a first-quarter consolidated load factor of 81.1 percent.

First-quarter 2014 consolidated PRASM and consolidated yield each decreased 2.0 percent compared to the first quarter of 2013.

 

[redflyer65]

One word..

Smisek.


It seems the only thing he knows how to do well is paint planes. Very sad.

 

[DUBLINFLYER]

You pay for what you get, bad service (CSA's and FA's don't care you're just a piece of meat to them), high ticket prices, huge change fess and not to mention baggage fees = less people flying lower revenues and losses
Keep going its a great business model for Jeff

 

[bluefin]

TOO MANY "$%^&*(#" RJ'S during the great melt down in Jan, 86% of the cancellations were express!!! Some brain child in Management said, "those were mostly, express cancellations, and we really dont controll what goes on over there!", WTF!!! better learn how to control, that schit!! and the solution? DUMP MORE FLYING TO COMPANIES THAT CANT HANDLE IT!!!! that's whats wrong with UAL!!! Anybody got the number for truck master?? I fell #3 coming!!

 

[CaptSeth]

The service issues I suspect are due to the very high percentage of operations that are conducted by fee-for-departure contract carriers. There is a severe crew shortage at those places, largely due to low wages and working conditions more than anything else, and the general quality of service is low due to a number of issues, not least of which is lack of operational expertise in all of the contract carrier's departments.

The solution is going to be expensive and time consuming. If they can't make money in good times, it does beg the question regarding the bad times.

 

[TMMT]

"This quarter's financial performance is well below what we can and should achieve. We are taking the appropriate steps with our operations, network, service and product to deliver significantly better financial results," said Jeff Smisek, UAL's chairman, president and chief executive officer. "The entire United team is sharply focused on accomplishing the goals we have laid out for long-term financial success."

Read that, management will demand pay cuts from everyone else.

 

[Grandpa +65]

No flame UAL guys. But this what he told me....Recently, Had a UAL J/S the who thinks "they are headed for BK again the way things are running over there". Good luck

 

[bluefin]

Has all doubt been removed yet?

 

[Freebrd]

To be fair many times the major cancels the connector flights during WX & run the mainline flights.

 

[tie1on]

Bankruptcy in 22 months. Mark my words