Tommy777
ScanFlyer Mile High Club
Hei!
Er imponert over tallene som UA nettopp presenterte. Dette er en kraftig forbedring og i Q3 var det kun CO og UA som kunne presentere slike tall. AA hadde et katastrofalt Q3 i forhold til UA:
Link
UAL Corporation Reports Third Quarter After-Tax Profit of $190 Million
Tuesday October 31, 8:00 am ET
CHICAGO, Oct. 31 /PRNewswire-FirstCall/ -- UAL Corporation (Nasdaq: UAUA - News), the holding company whose primary subsidiary is United Airlines, today reported financial results for the third quarter ended September 30, 2006.
* UAL reported after-tax net income of $190 million. Excluding
reorganization and special items, this constituted a year-over-year
improvement of $95 million.
* Basic earnings per share was $1.62 and diluted earnings per share was
$1.30. The company began recording income tax expense which reduced the
quarter's diluted earnings per share by $0.43.
* Third quarter operating profit of $335 million was an improvement of
$170 million over the comparable quarter in 2005. Excluding special
items, the year-over-year improvement was $140 million.
* Continuing revenue and productivity improvements more than offset a $293
million increase in consolidated fuel expense.
* Operating cash flow totaled $131 million. The company's cash position
was $4.9 billion at September 30, 2006, including $860 million of
restricted cash.
Operating Margin Increases
UAL reported third quarter net income of $190 million. This represents basic earnings per share of $1.62 and fully diluted earnings per share of $1.30, with weighted average shares of 115.6 million and 151.1 million, respectively. The company recorded income tax expense in the quarter and the eight months ending September 30th of $60 million, which reduced the quarter's basic earnings per share by $0.52 and diluted earnings per share by $0.43.
In the quarter the company recognized the benefit of ongoing resolutions of several pre-confirmation contingencies, the largest of which was a special gain to operating income of $30 million, related to a reduction in the estimated liability for the secured interest of bondholders in one of United's leaseholds at San Francisco International Airport. In addition, the company recorded a $19 million accrual for year-end employee incentive programs due to improved earnings expectations, and recorded an unrealized $26 million loss for marking-to-market hedge positions in place at the end of the third quarter which will settle in future quarters.
Total revenues for the third quarter increased 11 percent to $5.2 billion compared with $4.7 billion in the third quarter of 2005. Despite a 23 percent increase in mainline and regional affiliate fuel expense, total operating expenses increased by only 8 percent on a 3 percent increase in consolidated capacity as compared to the third quarter of 2005.
Operating margin improved to 6.5 percent from 3.5 percent in the comparable 2005 quarter. Excluding the one-time special operating item, operating margin improved to 5.9 percent in the third quarter of 2006. Mainline unit earnings, which is mainline revenue per available seat mile (RASM) minus mainline operating cost per available seat mile (CASM), increased 19 percent to 0.74 cents from 0.62 cents a year ago despite higher fuel costs. Mainline unit earnings excluding fuel expense and the special item increased 18 percent to 4.34 cents from 3.67 cents.
Er imponert over tallene som UA nettopp presenterte. Dette er en kraftig forbedring og i Q3 var det kun CO og UA som kunne presentere slike tall. AA hadde et katastrofalt Q3 i forhold til UA:
Link
UAL Corporation Reports Third Quarter After-Tax Profit of $190 Million
Tuesday October 31, 8:00 am ET
CHICAGO, Oct. 31 /PRNewswire-FirstCall/ -- UAL Corporation (Nasdaq: UAUA - News), the holding company whose primary subsidiary is United Airlines, today reported financial results for the third quarter ended September 30, 2006.
* UAL reported after-tax net income of $190 million. Excluding
reorganization and special items, this constituted a year-over-year
improvement of $95 million.
* Basic earnings per share was $1.62 and diluted earnings per share was
$1.30. The company began recording income tax expense which reduced the
quarter's diluted earnings per share by $0.43.
* Third quarter operating profit of $335 million was an improvement of
$170 million over the comparable quarter in 2005. Excluding special
items, the year-over-year improvement was $140 million.
* Continuing revenue and productivity improvements more than offset a $293
million increase in consolidated fuel expense.
* Operating cash flow totaled $131 million. The company's cash position
was $4.9 billion at September 30, 2006, including $860 million of
restricted cash.
Operating Margin Increases
UAL reported third quarter net income of $190 million. This represents basic earnings per share of $1.62 and fully diluted earnings per share of $1.30, with weighted average shares of 115.6 million and 151.1 million, respectively. The company recorded income tax expense in the quarter and the eight months ending September 30th of $60 million, which reduced the quarter's basic earnings per share by $0.52 and diluted earnings per share by $0.43.
In the quarter the company recognized the benefit of ongoing resolutions of several pre-confirmation contingencies, the largest of which was a special gain to operating income of $30 million, related to a reduction in the estimated liability for the secured interest of bondholders in one of United's leaseholds at San Francisco International Airport. In addition, the company recorded a $19 million accrual for year-end employee incentive programs due to improved earnings expectations, and recorded an unrealized $26 million loss for marking-to-market hedge positions in place at the end of the third quarter which will settle in future quarters.
Total revenues for the third quarter increased 11 percent to $5.2 billion compared with $4.7 billion in the third quarter of 2005. Despite a 23 percent increase in mainline and regional affiliate fuel expense, total operating expenses increased by only 8 percent on a 3 percent increase in consolidated capacity as compared to the third quarter of 2005.
Operating margin improved to 6.5 percent from 3.5 percent in the comparable 2005 quarter. Excluding the one-time special operating item, operating margin improved to 5.9 percent in the third quarter of 2006. Mainline unit earnings, which is mainline revenue per available seat mile (RASM) minus mainline operating cost per available seat mile (CASM), increased 19 percent to 0.74 cents from 0.62 cents a year ago despite higher fuel costs. Mainline unit earnings excluding fuel expense and the special item increased 18 percent to 4.34 cents from 3.67 cents.
