United Airlines (UAL) Dec. Traffic Up 1.5%, Capacity Up 2.2%

Preliminary Operational Results

2015

2014

Change

2015

2014

Change

REVENUE PASSENGER MILES (000)

Domestic

7,763,750

7,475,993

3.8%

93,310,381

90,621,955

3.0%

International

7,348,858

7,190,719

2.2%

90,332,113

88,393,537

2.2%

Atlantic

2,587,269

2,674,077

(3.2%)

37,492,500

37,816,354

(0.9%)

Pacific

2,746,177

2,743,507

0.1%

33,299,439

32,436,250

2.7%

Latin

2,015,412

1,773,135

13.7%

19,540,174

18,140,933

7.7%

Mainline

15,112,608

14,666,712

3.0%

183,642,494

179,015,492

2.6%

Regional

2,036,267

2,222,396

(8.4%)

24,968,714

26,543,723

(5.9%)

Consolidated

17,148,875

16,889,108

1.5%

208,611,208

205,559,215

1.5%

AVAILABLE SEAT MILES (000)

Domestic

9,070,643

8,707,926

4.2%

108,140,642

105,385,056

2.6%

International

9,149,908

8,842,788

3.5%

111,848,191

108,720,099

2.9%

Atlantic

3,335,361

3,323,183

0.4%

47,188,858

46,962,844

0.5%

Pacific

3,369,717

3,376,541

(0.2%)

40,841,434

39,894,823

2.4%

Latin

2,444,830

2,143,064

14.1%

23,817,899

21,862,432

8.9%

Mainline

18,220,551

17,550,714

3.8%

219,988,833

214,105,155

2.7%

Regional

2,434,232

2,665,909

(8.7%)

30,014,601

31,915,444

(6.0%)

Consolidated

20,654,783

20,216,623

2.2%

250,003,434

246,020,599

1.6%

PASSENGER LOAD FACTOR

Domestic

85.6%

85.9%

(0.3) pts

86.3%

86.0%

0.3 pts

International

80.3%

81.3%

(1.0) pt

80.8%

81.3%

(0.5) pts

Atlantic

77.6%

80.5%

(2.9) pts

79.5%

80.5%

(1.0) pt

Pacific

81.5%

81.3%

0.2 pts

81.5%

81.3%

0.2 pts

Latin

82.4%

82.7%

(0.3) pts

82.0%

83.0%

(1.0) pt

Mainline

82.9%

83.6%

(0.7) pts

83.5%

83.6%

(0.1) pts

Regional

83.7%

83.4%

0.3 pts

83.2%

83.2%

0.0 pts

Consolidated

83.0%

83.5%

(0.5) pts

83.4%

83.6%

(0.2) pts

ONBOARD PASSENGERS (000)

Mainline

8,086

7,516

7.6%

96,327

91,475

5.3%

Regional

3,517

3,810

(7.7%)

44,042

46,554

(5.4%)

Consolidated

11,603

11,326

2.4%

140,369

138,029

1.7%

CARGO REVENUE TON MILES (000)

Total

223,908

224,393

(0.2%)

2,614,125

2,486,785

5.1%

Fourth Quarter Preliminary Fuel Costs Per Gallon

Estimated average price per gallon of fuel, excluding hedges

$1.52

Operating cash-settled hedge loss price per gallon

$0.18

Estimated average price per gallon of fuel, including operating cash-settled hedges1

$1.70

Non-operating cash-settled hedge loss price per gallon2

$0.12

Estimated average price per gallon of fuel, including all cash-settled hedges3

$1.82

1This price per gallon corresponds to fuel expense in the income statement

2This price per gallon corresponds to the impact of non-operating hedges that appear in non-operating expense in the income statement

3This price per gallon corresponds to the total economic cost of the company's fuel consumption including all cash-settled hedges but does not directly correspond to fuel expense in the income statement

Preliminary Operational Results

2015

2014

Change

December On-Time Performance4

77.9%

72.4%

5.5

pts

December Completion Factor5

98.4%

99.2%

(0.8)

pts

4Based on domestic mainline scheduled flights arriving within 14 minutes of scheduled arrival time, according to data published in the DOT Air Travel Consumer Report

5Mainline completion percentage