Jun 4, 2014, 7:33 am
Last edit by: mkr
UAL
earnings released: Thursday, July 24,2014 9:30 am CST/10:30 EST
If you missed the live webcast of the 2nd Q earnings conference call, it is now available for replay for a limited time and will later be archived.
A transcript is now available also.
Click this link for access to replay and transcript of call:
http://www.flyertalk.com/forum/23227909-post151.html
Current 2Q 2014 UAL guidance (4/24/14 investor update):
PRASM +1-3%
ASM "quarter, flat to +1%, full year +.5 to 1.5%"
CASM ex fuel, "quarter +1.25 to 2.25%, full year +1-2%"
Analyst guidance/actual 2Q 2013 results:
6/5/14 estimates:
1.86/share (using the 367M shares from last release $682M profit ex special items) [2q 2013 actual was $521M; $1.35/share ex specials; $469M GAAP]
Revenue 10.33B (3.3% growth) [2q 2013 was $10B]
Actual results:
- $789m GAAP Net income, $2.34/share. 7.6% margin
- $919m Net Income (excluding specials) or $1.04 per share. 8.9% margin
- $906m Operating Income (8.8% margin)
- $1.08B Operating Income excluding specials (10.4% margin)
- PRASM up 3.7%, yield up 3.0%; domestic yield +6.8%
- ASM -0.1%
- CASM-Ex fuel, profit sharing and special items down 0.2%
- Operating Revenue: $10.33B (up 3.3%); Passenger Revenue $8.98B( up3.6%)
- $1.5B in operating cash flow
Links to UA Press Releases / News Articles / etc.:
DAL
earnings released: Wednesday July 23 at 10 edt. Call link: https://event.on24.com/eventRegistra...epage=register
Actual results:
- $801m GAAP Net income, $0.94/diluted share. 7.5% margin
- $889m Net Income (excluding specials) or $1.04 per share. 8.4% margin
Delta's pre-tax income, ex special items was $1.4 billion.
- $1.58B Operating Income (14.9% margin)
- $1.61B Operating Income excluding specials (15.1% margin)
- PRASM up 5.7%, yield up 3.8%; domestic yield +7.4%
- ASM +3.2%
- CASM-Ex fuel, profit sharing and special items was FLAT
- Operating Revenue: $10.62B (up 9%); Passenger Revenue $9.27B ( up9%)
- Over $2.0B in operating cash flow and $1.5B in free cash, net debt $7.9B
3Q projections: Operating margin +15 to +17%, CASM +0 to 2%, "unit revenues" (I take to be PRASM - spin) +2-4% "driven by continued corporate and domestic strength, along with benefits from our revenue initiatives."
Links to DL Press Releases / News Articles / etc.:
http://news.delta.com/2014-07-23-Del...Quarter-Profit
AAL - earnings call: July 24, 2014 at 12:30 cdt
link to call: http://phx.corporate-ir.net/phoenix....estorrelations
Estimates/AAL guidance:
2Q PRASM +5-7% (updated estimate from 6/9/14 traffic release). YTD ASM +2.5%.
Actual results:
- $864m GAAP Net income
- $1.5B Net Income (excluding specials)
- $11.4B Revenue (+10.2%)
- Yeld +6.5% (17.34)
- PRASM up 5.9%, (14.57)
- ASM +3.1%
- CASM +3.9% (13.61)
earnings released: Thursday, July 24,2014 9:30 am CST/10:30 EST
If you missed the live webcast of the 2nd Q earnings conference call, it is now available for replay for a limited time and will later be archived.
A transcript is now available also.
Click this link for access to replay and transcript of call:
http://www.flyertalk.com/forum/23227909-post151.html
Current 2Q 2014 UAL guidance (4/24/14 investor update):
PRASM +1-3%
ASM "quarter, flat to +1%, full year +.5 to 1.5%"
CASM ex fuel, "quarter +1.25 to 2.25%, full year +1-2%"
Analyst guidance/actual 2Q 2013 results:
6/5/14 estimates:
1.86/share (using the 367M shares from last release $682M profit ex special items) [2q 2013 actual was $521M; $1.35/share ex specials; $469M GAAP]
Revenue 10.33B (3.3% growth) [2q 2013 was $10B]
Actual results:
- $789m GAAP Net income, $2.34/share. 7.6% margin
- $919m Net Income (excluding specials) or $1.04 per share. 8.9% margin
- $906m Operating Income (8.8% margin)
- $1.08B Operating Income excluding specials (10.4% margin)
- PRASM up 3.7%, yield up 3.0%; domestic yield +6.8%
- ASM -0.1%
- CASM-Ex fuel, profit sharing and special items down 0.2%
- Operating Revenue: $10.33B (up 3.3%); Passenger Revenue $8.98B( up3.6%)
- $1.5B in operating cash flow
Links to UA Press Releases / News Articles / etc.:
UA Deutsche Bank Presentation PDF
WSJ Article: United Continental: One Sick Bird - related FT thread on WSJ's One Sick Bird article.
May 2014 UA Traffic Reporting Discussion Thread
Q1 2014 Investor Conference Call FT Discussion Thread
United Continental Is Underestimating the Threat From Delta Air Lines @ The Motley Fool - related FT Discussion Thread
United Should Close Dulles Hub, Analyst Says, as He Cuts Rating - FT Discussion Thread
WSJ Article: United Continental: One Sick Bird - related FT thread on WSJ's One Sick Bird article.
May 2014 UA Traffic Reporting Discussion Thread
Q1 2014 Investor Conference Call FT Discussion Thread
United Continental Is Underestimating the Threat From Delta Air Lines @ The Motley Fool - related FT Discussion Thread
United Should Close Dulles Hub, Analyst Says, as He Cuts Rating - FT Discussion Thread
DAL
earnings released: Wednesday July 23 at 10 edt. Call link: https://event.on24.com/eventRegistra...epage=register
Actual results:
- $801m GAAP Net income, $0.94/diluted share. 7.5% margin
- $889m Net Income (excluding specials) or $1.04 per share. 8.4% margin
Delta's pre-tax income, ex special items was $1.4 billion.
- $1.58B Operating Income (14.9% margin)
- $1.61B Operating Income excluding specials (15.1% margin)
- PRASM up 5.7%, yield up 3.8%; domestic yield +7.4%
- ASM +3.2%
- CASM-Ex fuel, profit sharing and special items was FLAT
- Operating Revenue: $10.62B (up 9%); Passenger Revenue $9.27B ( up9%)
- Over $2.0B in operating cash flow and $1.5B in free cash, net debt $7.9B
3Q projections: Operating margin +15 to +17%, CASM +0 to 2%, "unit revenues" (I take to be PRASM - spin) +2-4% "driven by continued corporate and domestic strength, along with benefits from our revenue initiatives."
Links to DL Press Releases / News Articles / etc.:
http://news.delta.com/2014-07-23-Del...Quarter-Profit
AAL - earnings call: July 24, 2014 at 12:30 cdt
link to call: http://phx.corporate-ir.net/phoenix....estorrelations
Estimates/AAL guidance:
2Q PRASM +5-7% (updated estimate from 6/9/14 traffic release). YTD ASM +2.5%.
Actual results:
- $864m GAAP Net income
- $1.5B Net Income (excluding specials)
- $11.4B Revenue (+10.2%)
- Yeld +6.5% (17.34)
- PRASM up 5.9%, (14.57)
- ASM +3.1%
- CASM +3.9% (13.61)
UAL 2Q 2014 Results/Discussion/News → Results Announced July 24th, 2014 ←
Jan 30, 2014, 4:16 pm
#1
Original Poster
Join Date: Oct 2004
Location: Clinging to the edifices of a decadent past from the biggest city in America nobody really cares about.
Programs: (ಠ_ಠ)
Posts: 9,077
UAL 2Q 2014 Results/Discussion/News → Results Announced July 24th, 2014 ←
Continued from http://www.flyertalk.com/forum/unite...-news-etc.html.
Last edited by J.Edward; Jul 21, 2014 at 7:26 am
Jun 3, 2014, 9:42 pm
#2
Join Date: Nov 2010
Location: DEN
Programs: 2012 Plat-2013 Plat-2014 Silver-2015 GM
Posts: 818
Delta May 2014
This is a WOW!
Love the last sentence in the article. "With traffic rising faster than capacity, the average flight was more full — 86.5 percent, up from 84.8 percent a year earlier."
Delta Air Lines reports 7 percent increase in key revenue figure as passenger traffic rises
http://finance.yahoo.com/news/delta-...164803264.html
Love the last sentence in the article. "With traffic rising faster than capacity, the average flight was more full — 86.5 percent, up from 84.8 percent a year earlier."
Delta Air Lines reports 7 percent increase in key revenue figure as passenger traffic rises
http://finance.yahoo.com/news/delta-...164803264.html
Jun 3, 2014, 10:44 pm
#3
Join Date: Jul 2011
Programs: UA 1K, SPG Platinum, Hyatt Diamond, Hilton Platinum, Marriott Platinum
Posts: 568
This is a WOW!
Love the last sentence in the article. "With traffic rising faster than capacity, the average flight was more full — 86.5 percent, up from 84.8 percent a year earlier."
Delta Air Lines reports 7 percent increase in key revenue figure as passenger traffic rises
http://finance.yahoo.com/news/delta-...164803264.html
Love the last sentence in the article. "With traffic rising faster than capacity, the average flight was more full — 86.5 percent, up from 84.8 percent a year earlier."
Delta Air Lines reports 7 percent increase in key revenue figure as passenger traffic rises
http://finance.yahoo.com/news/delta-...164803264.html
Jun 4, 2014, 12:20 am
#4
Join Date: Feb 2008
Programs: 6 year GS, now 2MM Jeff-ugee, *wood LTPlt, SkyPeso PLT
Posts: 6,526
This is a WOW!
Love the last sentence in the article. "With traffic rising faster than capacity, the average flight was more full — 86.5 percent, up from 84.8 percent a year earlier."
Delta Air Lines reports 7 percent increase in key revenue figure as passenger traffic rises
http://finance.yahoo.com/news/delta-...164803264.html
Love the last sentence in the article. "With traffic rising faster than capacity, the average flight was more full — 86.5 percent, up from 84.8 percent a year earlier."
Delta Air Lines reports 7 percent increase in key revenue figure as passenger traffic rises
http://finance.yahoo.com/news/delta-...164803264.html
If UAL hits the midpoint of its guidence if will be badly under-performing Delta once again.
Jun 4, 2014, 12:32 am
#5
Join Date: May 2005
Programs: Million Miler, 1K - Basically spend a lot of time on planes
Posts: 2,202
Everything I've been on lately has been empty. Just went to/from Brazil, wide open in both cabins both directions. They 5500 odd departures every day, so my flying will hardly be a sample, but I am hearing a lot of internal dialog about empty flights
Jun 4, 2014, 12:37 am
#6
Join Date: May 2005
Programs: Million Miler, 1K - Basically spend a lot of time on planes
Posts: 2,202
The latest plan (instead of actually improving the product) is to adjust the schedule banks to create shorter connections in DEN & IAH. They believe that less high revenue flyers are flying them due to the longer connection times at those airports, so they are adjusting the banks to create better connecting times.
All I see is the potential increased outflow of pissed off misconnecting passengers
All I see is the potential increased outflow of pissed off misconnecting passengers
Jun 4, 2014, 12:48 am
#7
Join Date: Jul 2008
Location: LAS ORD
Programs: AA Pro (mostly B6) OZ♦ (flying BR/UA), BA Silver Hyatt LT, Wynn Black, Cosmo Plat, Mlife Noir
Posts: 5,992
The latest plan (instead of actually improving the product) is to adjust the schedule banks to create shorter connections in DEN & IAH. They believe that less high revenue flyers are flying them due to the longer connection times at those airports, so they are adjusting the banks to create better connecting times.
All I see is the potential increased outflow of pissed off misconnecting passengers
All I see is the potential increased outflow of pissed off misconnecting passengers
Jun 4, 2014, 12:53 am
#8
Join Date: Aug 2013
Location: LAS HNL
Programs: DL DM, 5.7 MM, UA 3.1 MM, MARRIOTT PLATINUM, AVIS FIRST, Amex Black Card
Posts: 4,479
United Continental Holdings, Inc. (UAL)
-NYSE
47.51 Up 0.81(1.73%) Jun 3, 4:00PM EDT
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47.51 Up 0.81(1.73%) Jun 3, 4:00PM EDT
Jun 4, 2014, 2:29 am
#9
Join Date: May 2005
Programs: Million Miler, 1K - Basically spend a lot of time on planes
Posts: 2,202
Jun 4, 2014, 6:27 am
#10
FlyerTalk Evangelist
Join Date: Jan 2005
Location: BWI
Programs: AA Gold, HH Diamond, National Emerald Executive, TSA Disparager Gold
Posts: 15,180
UA would fly an RJ for SFO-LHR if the plane would make it.
Jun 4, 2014, 7:16 am
#12
Ambassador: Alaska Airlines
Join Date: Nov 2008
Location: BWI
Posts: 7,390
Simple, IATA said they were bullish on the North American airline market earlier this week.
The stock market is pathetic right now, everything is all sensational and reactionary. Everybody who is not in the investing business are much better off just putting money in several low fee ETFs [SP500, emerging markets, small/mid cap, international, etc] and just let the institutional investors take care of it for us.
Earlier this year, I wanted to short TWTR about a month after their IPO and was told [by Optionshouse] I had to wait 60 days after the IPO date before I can establish short positions
The stock market is pathetic right now, everything is all sensational and reactionary. Everybody who is not in the investing business are much better off just putting money in several low fee ETFs [SP500, emerging markets, small/mid cap, international, etc] and just let the institutional investors take care of it for us.
Earlier this year, I wanted to short TWTR about a month after their IPO and was told [by Optionshouse] I had to wait 60 days after the IPO date before I can establish short positions
Jun 4, 2014, 7:18 am
#13
Ambassador: Alaska Airlines
Join Date: Nov 2008
Location: BWI
Posts: 7,390
They are also getting a lot of new planes [739s now then A321s in 2016]. Delta is expanding fast domestically, but relatively flat internationally [UA is doing the opposite].
If you look at DL's hub departures by equipment type, almost 78% of ATL departures are mainline, none of UA's hubs come even close to that figure and for comparable hubs, DL has considerably more mainline departures except for LAX.
Last edited by golfingboy; Jun 4, 2014 at 7:24 am
Jun 4, 2014, 8:06 am
#14
FlyerTalk Evangelist
Join Date: Jul 1999
Location: ORD/MDW
Programs: BA/AA/AS/B6/WN/ UA/HH/MR and more like 'em but most felicitously & importantly MUCCI
Posts: 19,718
That's insane. If anything, it's the reverse. People who know what's going on with United will book away from shorter connection times, especially with UX involved, because of the long odds of on-time performance, especially in the back half of the day.
Jun 4, 2014, 8:08 am
#15
FlyerTalk Evangelist
Join Date: Feb 2002
Location: San Francisco/Tel Aviv/YYZ
Programs: CO 1K-MM
Posts: 10,760
They are also getting a lot of new planes [739s now then A321s in 2016]. Delta is expanding fast domestically, but relatively flat internationally [UA is doing the opposite].
