UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 8, 2017
UNITED CONTINENTAL HOLDINGS, INC.
UNITED AIRLINES, INC.
(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) |
(Commission 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) |
(872) 825-4000
(872) 825-4000
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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 7.01 | Regulation FD Disclosure. |
On September 8, 2017, United Airlines, Inc., a wholly owned subsidiary of United Continental Holdings, Inc., issued a press release reporting its August 2017 operational results. The press release is attached as Exhibit 99.1 and is incorporated herein by reference.
The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section and shall not be deemed incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
| Item 9.01 | Financial Statements and Exhibits. |
| Exhibit No. |
Description | |
| 99.1* | Press Release issued by United Airlines, Inc. dated September 8, 2017 | |
| * | Furnished herewith electronically. |
SIGNATURES
Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| UNITED CONTINENTAL HOLDINGS, INC. | ||
| UNITED AIRLINES, INC. | ||
| By: | /s/ Chris Kenny | |
| Name: | Chris Kenny | |
| Title: | Vice President and Controller | |
Date: September 8, 2017
EXHIBIT INDEX
| Exhibit No. |
Description | |
| 99.1* | Press Release issued by United Airlines, Inc. dated September 8, 2017 | |
| * | Furnished herewith electronically. |
Exhibit 99.1
|
|
United Reports August 2017
Operational Performance
CHICAGO, September 8, 2017 – United Airlines (UAL) today reported August 2017 operational results.
UAL’s August 2017 consolidated traffic (revenue passenger miles) increased 2.3 percent and consolidated capacity (available seat miles) increased 2.4 percent versus August 2016. UAL’s August 2017 consolidated load factor decreased 0.2 points compared to August 2016.
Scott Kirby, president of United Airlines, said, “Our thoughts and prayers are with all of those affected by Harvey and those impacted or currently in the path of Hurricane Irma. We are doing all we can to assist during this extraordinary time, and we stand with all of those affected as they prepare and recover from these two unprecedented storms. Last month, faced with the devastating impacts of Harvey, as well as other operational issues, our employees rose to the test to make the most of a very challenging month. Thanks to the resilience and spirit of our dedicated employees, our operation in Houston has returned back to 100 percent today, ahead of schedule.”
About United
United Airlines and United Express operate approximately 4,500 flights a day to 338 airports across five continents. In 2016, United and United Express operated more than 1.6 million flights carrying more than 143 million customers. United is proud to have the world’s most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 748 mainline aircraft and the airline’s United Express carriers operate 475 regional aircraft. The airline is a founding member of Star Alliance, which provides service to more than 190 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United’s parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol “UAL”.
- more -
United Reports August 2017 Operational Performance / Page 2
Preliminary Operational Results
| August | Year-to-Date | |||||||||||||||||||||||
| 2017 | 2016 | Change | 2017 | 2016 | Change | |||||||||||||||||||
| REVENUE PASSENGER MILES (000) |
||||||||||||||||||||||||
| Domestic |
11,474,838 | 11,038,126 | 4.0% | 82,810,385 | 78,820,388 | 5.1% | ||||||||||||||||||
| Mainline |
9,667,919 | 8,981,523 | 7.6% | 68,304,971 | 63,216,700 | 8.0% | ||||||||||||||||||
| Regional |
1,806,919 | 2,056,603 | (12.1%) | 14,505,414 | 15,603,688 | (7.0%) | ||||||||||||||||||
| International |
8,920,114 | 8,904,870 | 0.2% | 63,065,426 | 62,431,009 | 1.0% | ||||||||||||||||||
| Atlantic |
4,033,026 | 3,934,187 | 2.5% | 24,381,385 | 24,403,472 | (0.1%) | ||||||||||||||||||
| Pacific |
3,137,243 | 3,170,592 | (1.1%) | 23,035,961 | 22,745,076 | 1.3% | ||||||||||||||||||
| Latin |
1,749,845 | 1,800,091 | (2.8%) | 15,648,080 | 15,282,461 | 2.4% | ||||||||||||||||||
| Mainline |
1,685,704 | 1,719,563 | (2.0%) | 15,060,517 | 14,660,448 | 2.7% | ||||||||||||||||||
| Regional |
64,141 | 80,528 | (20.3%) | 587,563 | 622,013 | (5.5%) | ||||||||||||||||||
| Consolidated |
20,394,952 | 19,942,996 | 2.3% | 145,875,811 | 141,251,397 | 3.3% | ||||||||||||||||||
| AVAILABLE SEAT MILES (000) |
||||||||||||||||||||||||
| Domestic |
13,443,106 | 12,830,282 | 4.8% | 96,757,336 | 92,227,485 | 4.9% | ||||||||||||||||||
| Mainline |
11,217,255 | 10,381,833 | 8.0% | 79,119,993 | 73,633,033 | 7.5% | ||||||||||||||||||
| Regional |
2,225,851 | 2,448,449 | (9.1%) | 17,637,343 | 18,594,452 | (5.1%) | ||||||||||||||||||
| International |
10,459,670 | 10,508,143 | (0.5%) | 79,185,424 | 77,780,487 | 1.8% | ||||||||||||||||||
| Atlantic |
4,801,308 | 4,826,353 | (0.5%) | 31,928,945 | 32,262,883 | (1.0%) | ||||||||||||||||||
| Pacific |
3,628,052 | 3,599,738 | 0.8% | 28,569,999 | 27,274,550 | 4.7% | ||||||||||||||||||
| Latin |
2,030,310 | 2,082,052 | (2.5%) | 18,686,480 | 18,243,054 | 2.4% | ||||||||||||||||||
| Mainline |
1,954,655 | 1,977,284 | (1.1%) | 17,884,020 | 17,377,741 | 2.9% | ||||||||||||||||||
| Regional |
75,655 | 104,768 | (27.8%) | 802,460 | 865,313 | (7.3%) | ||||||||||||||||||
| Consolidated |
23,902,776 | 23,338,425 | 2.4% | 175,942,760 | 170,007,972 | 3.5% | ||||||||||||||||||
| PASSENGER LOAD FACTOR |
||||||||||||||||||||||||
| Domestic |
85.4% | 86.0% | (0.6) pts | 85.6% | 85.5% | 0.1 pts | ||||||||||||||||||
| Mainline |
86.2% | 86.5% | (0.3) pts | 86.3% | 85.9% | 0.4 pts | ||||||||||||||||||
| Regional |
81.2% | 84.0% | (2.8) pts | 82.2% | 83.9% | (1.7) pts | ||||||||||||||||||
| International |
85.3% | 84.7% | 0.6 pts | 79.6% | 80.3% | (0.7) pts | ||||||||||||||||||
| Atlantic |
84.0% | 81.5% | 2.5 pts | 76.4% | 75.6% | 0.8 pts | ||||||||||||||||||
| Pacific |
86.5% | 88.1% | (1.6) pts | 80.6% | 83.4% | (2.8) pts | ||||||||||||||||||
| Latin |
86.2% | 86.5% | (0.3) pts | 83.7% | 83.8% | (0.1) pts | ||||||||||||||||||
| Mainline |
86.2% | 87.0% | (0.8) pts | 84.2% | 84.4% | (0.2) pts | ||||||||||||||||||
| Regional |
84.8% | 76.9% | 7.9 pts | 73.2% | 71.9% | 1.3 pts | ||||||||||||||||||
| Consolidated |
85.3% | 85.5% | (0.2) pts | 82.9% | 83.1% | (0.2) pts | ||||||||||||||||||
| ONBOARD PASSENGERS (000) |
||||||||||||||||||||||||
| Mainline |
10,071 | 9,407 | 7.1% | 72,630 | 66,997 | 8.4% | ||||||||||||||||||
| Regional |
3,386 | 3,771 | (10.2%) | 26,371 | 28,176 | (6.4%) | ||||||||||||||||||
| Consolidated |
13,457 | 13,178 | 2.1% | 99,001 | 95,173 | 4.0% | ||||||||||||||||||
| CARGO REVENUE TON MILES (000) |
||||||||||||||||||||||||
| Total |
270,465 | 230,523 | 17.3% | 2,124,940 | 1,769,859 | 20.1% | ||||||||||||||||||
| OPERATIONAL PERFORMANCE |
||||||||||||||||||||||||
| Mainline Departure Performance1 |
63.0% | 58.8% | 4.2 pts | |||||||||||||||||||||
| Mainline Completion Factor |
95.9% | 99.3% | (3.4) pts | |||||||||||||||||||||
1Based on mainline scheduled flights departing by or before scheduled departure time
Note: See Part II, Item 6 Selected Financial Data of the company’s Annual Report on Form 10-K for the year ended December 31, 2016 for the definition of these statistics
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