Form 8-K





Washington, D.C. 20549







Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 7, 2013





(Exact name of registrant as specified in its charter)




Delaware   001-06033   36-2675207
Delaware   001-10323   74-2099724

(State or other jurisdiction

of incorporation)



File Number)


(IRS Employer

Identification Number)


233 S. Wacker Drive, Chicago, IL   60606
233 S. Wacker Drive, Chicago, IL   60606
(Address of principal executive offices)   (Zip Code)

(312) 997-8000

(312) 997-8000

Registrant’s telephone number, including area code 

(Former name or former address, if changed since last report.)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Item 8.01 Other Events

On November 7, 2013, United Airlines, Inc., a wholly owned subsidiary of United Continental Holdings, Inc., issued a press release reporting its October 2013 operational results. The press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.


Exhibit No.



99.1*    Press Release issued by United Airlines, Inc. dated November 7, 2013


* Filed herewith electronically.


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.





    By:   /s/ Chris Kenny
    Name:   Chris Kenny
    Title:   Vice President and Controller

Date: November 7, 2013



Exhibit No.



99.1*    Press Release issued by United Airlines, Inc. dated November 7, 2013


* Filed herewith electronically.

Exhibit 99.1


News Release    LOGO

United Airlines

Worldwide Media Relations


United Reports October 2013

Operational Performance

CHICAGO, Nov. 7, 2013 – United Airlines (UAL) today reported October 2013 operational results.

UAL’s October 2013 consolidated traffic (revenue passenger miles) increased 3.1 percent and consolidated capacity (available seat miles) increased 4.3 percent versus October 2012. UAL’s October 2013 consolidated load factor decreased 1.0 point compared to October 2012.

UAL’s October 2013 consolidated passenger revenue per available seat mile (PRASM) was approximately flat compared to October 2012. The Company’s October 2013 year-over-year PRASM was reduced by approximately 3 percentage points in total due to the impact of the government shutdown, Superstorm Sandy’s impact in October 2012 and the depreciation of the yen. These items were mostly offset by larger than normal positive adjustments identified during the month-end close process.

About United

United Airlines and United Express operate an average of more than 5,300 flights a day to more than 360 airports across six continents. In 2012, United and United Express carried more passenger traffic than any other airline in the world and operated nearly two million flights carrying 140 million customers. United is investing in upgrading its onboard products and now offers more flat-bed seats in its premium cabins and more extra-legroom, economy-class seating than any airline in North America. In 2013, United became the first U.S.-based international carrier to offer satellite-based Wi-Fi on long-haul overseas routes. The airline also features DIRECTV® on more than 200 aircraft, offering customers more live television access than any other airline in the world. United operates nearly 700 mainline aircraft and has made large-scale investments in its fleet. In 2013, United continues to modernize its fleet by taking delivery of more than two dozen new Boeing aircraft. The company will have launched 14 new international and 19 new domestic routes, including the addition of seven new cities to its network, by the end of 2013. Business Traveler magazine awarded United Best Airline for North American Travel for 2012, and readers of Global Traveler magazine have voted United’s MileagePlus program the best frequent flyer program for nine consecutive years. According to the 4th annual Switchfly Reward Seat Availability Survey published by IdeaWorksCompany in



United Reports October 2013 Operational Performance / Page 2


May 2013, United has the most saver-style award-seat availability among the largest U.S. global airlines. Air Transport World named United as the Eco-Aviation Airline of the Year Gold Winner in 2013. United is a founding member of Star Alliance, which provides service to 195 countries via 28 member airlines. More than 85,000 United employees reside in every U.S. state and in countries around the world. For more information, visit or follow United on Twitter and Facebook. The common stock of United’s parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol UAL.

Preliminary Operational Results


     October     Year-to-Date
     2013     2012     Change     2013     2012    





     7,668,146        7,464,167        2.7     76,787,539        78,352,032      (2.0%)


     6,994,990        6,799,237        2.9     73,922,195        73,772,194      0.2%


     3,334,162        2,992,464        11.4     32,770,925        32,547,917      0.7%


     2,628,394        2,765,873        (5.0 %)      27,102,205        27,320,161      (0.8%)


     1,032,434        1,040,900        (0.8 %)      14,049,065        13,904,116      1.0%


     14,663,136        14,263,404        2.8     150,709,734        152,124,226      (0.9%)


     2,303,418        2,194,297        5.0     22,244,679        21,952,005      1.3%


     16,966,554        16,457,701        3.1     172,954,413        174,076,231      (0.6%)




     9,108,727        8,706,559        4.6     89,451,782        91,983,575      (2.8%)


     8,809,595        8,463,867        4.1     89,803,307        91,141,191      (1.5%)


     4,183,387        3,800,495        10.1     39,991,759        40,687,158      (1.7%)


     3,316,215        3,351,989        (1.1 %)      32,506,539        33,183,362      (2.0%)


     1,309,993        1,311,383        (0.1 %)      17,305,009        17,270,671      0.2%


     17,918,322        17,170,426        4.4     179,255,089        183,124,766      (2.1%)


     2,785,985        2,673,624        4.2     27,112,202        27,413,772      (1.1%)


     20,704,307        19,844,050        4.3     206,367,291        210,538,538      (2.0%)




     84.2     85.7     (1.5 ) pts      85.8     85.2   0.6 pts


     79.4     80.3     (0.9 ) pts      82.3     80.9   1.4 pts


     79.7     78.7     1.0  pt      81.9     80.0   1.9 pts


     79.3     82.5     (3.2 ) pts      83.4     82.3   1.1 pts


     78.8     79.4     (0.6 ) pts      81.2     80.5   0.7 pts


     81.8     83.1     (1.3 ) pts      84.1     83.1   1.0 pt


     82.7     82.1     0.6  pts      82.0     80.1   1.9 pts


     81.9     82.9     (1.0 ) pt      83.8     82.7   1.1 pts




     7,521        7,445        1.0     76,695        79,229      (3.2%)


     4,181        3,966        5.4     40,109        39,368      1.9%


     11,702        11,411        2.6     116,804        118,597      (1.5%)




     196,399        205,193        (4.3 %)      1,810,837        2,063,954      (12.3%)


United Reports October 2013 Operational Performance / Page 3


Preliminary Financial Results


September 2013 year-over-year consolidated PRASM change

   0.2 %

September 2013 year-over-year mainline PRASM change

   (1.5) %

October 2013 estimated year-over-year consolidated PRASM change

   Approximately flat

October 2013 estimated year-over-year mainline PRASM change

   (1.0) - (2.0) %

October 2013 estimated consolidated average price per gallon of fuel, including the impact of all cash settled hedges and fuel taxes

   3.10 Dollars

Fourth Quarter 2013 estimated consolidated average price per gallon of fuel, including the impact of all cash settled hedges and fuel taxes

   3.00 - 3.05 Dollars

Preliminary Operational Results


     2013     2012     Change  

October On-Time Performance1

     85.0     76.7     8.3  pts 

October Completion Factor2

     99.5     95.6     3.9  pts 


1 Based on domestic mainline scheduled flights arriving within 14 minutes of scheduled arrival time, according to data published in the DOT Air Travel Consumer Report
2 Mainline completion percentage

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements included in this release are forward-looking and thus reflect our current expectations and beliefs with respect to certain current and future events and financial performance. Such forward-looking statements are and will be subject to many risks and uncertainties relating to our operations and business environment that may cause actual results to differ materially from any future results expressed or implied in such forward-looking statements. Words such as “expects,” “will,” “plans,” “anticipates,” “indicates,” “believes,” “forecast,” “guidance,” “outlook” and similar expressions are intended to identify forward-looking statements. Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as statements which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. All forward-looking statements in this report are based upon information available to us on the date of this report. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except as required by applicable law. Our actual results could differ materially from these forward-looking statements due to numerous factors including, without limitation, the following: our ability to comply with the terms of our various financing arrangements; the costs and availability of financing; our ability to maintain adequate liquidity; our ability to execute our operational plans; our ability to control our costs, including realizing benefits from our resource optimization efforts, cost reduction initiatives and fleet replacement programs; our ability to utilize our net operating losses; our ability to attract and retain customers; demand for transportation in the markets in which we operate; an outbreak of a disease that affects travel demand or travel behavior; demand for travel and the impact that global economic conditions have on customer travel patterns; excessive taxation and the inability to offset future taxable income; general economic conditions (including interest rates, foreign currency exchange rates, investment or credit market conditions, crude oil prices, costs of aircraft fuel and energy refining capacity in relevant markets); our ability to cost-effectively hedge against increases in the price of aircraft fuel; any potential realized or unrealized gains or losses related to fuel or currency hedging programs; the effects of any hostilities, act of war or terrorist attack; the ability of other air carriers with whom we have alliances or partnerships to provide the services contemplated by the respective arrangements with such carriers; the costs and availability of aviation and other insurance; industry consolidation or changes in airline alliances; competitive pressures on pricing and on demand; our capacity decisions and the capacity decisions of our competitors; U.S. or foreign governmental legislation, regulation and other actions (including open skies agreements and environmental regulations); labor costs; our ability to maintain satisfactory labor relations and the results of the collective bargaining agreement process with our union groups; any disruptions to operations due to any potential actions by our labor groups; weather conditions; the possibility that expected merger synergies will not be realized or will not be realized within the expected time period; and other risks and uncertainties set forth under Item 1A, Risk Factors, of UAL’s Annual Report on Form 10-K, as well as other risks and uncertainties set forth from time to time in the reports we file with the SEC.

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