More on United Continental's (UAL) Q1: Revenue dipped for domestic, Atlantic, and Latin America routes as the carrier tightened up its capacity. Key metric PRASM improved 5.9% Y/Y during the quarter. The company appears to have done slightly better than peers in managing its fuel expenses. (PR)
More on United Continental's (UAL) Q4: The carrier acknowledges it underperformed during the quarter as integration issues slowed down its performance. Passenger revenue per available seat mile fell 3.6% Y/Y with the Domestic segment lagging. Including special charges, operating expenses were up 3.2% during the period. (PR)
Sterne Agee is reducing its Q4 EPS estimate for United Continental (UAL -0.3%), citing a larger winter storm impact than last year, and earlier than expected accruals for new labor contracts. The firm doesn't expect these issues to affect the company's 2013 results, however, and it maintains a Buy rating on the shares.
More on United Continental Holdings' (UAL) Q3: Passenger revenue fell 2.6% Y/Y to $8.8B with Atlantic and Latin America routes the hardest hit. Cites "tough operational challenges" during the quarter. Average fuel price per gallon was $313.4, inclusive of the impact of hedges. Shares -1.8% premarket. (PR)