Last Update: 28-Dec-12 07:52 ET
United shares little changed following revised Q4 miles guidance
United Continental (UAL $23.28 +0.09) estimates its Q4 consolidated system available seat miles to decrease 4.2% YoY. Weather, including Superstorm Sandy, impacted UAL's operations during the fourth quarter, reducing year-over-year consolidated ASMs by ~1.5 percentage points. The Company estimates its fourth quarter 2012 consolidated domestic ASMs to decrease 4.1% and consolidated international ASMs to decrease 4.3% year-over-year. The company expects Q4 consolidated passenger revenue per available seat mile ("PRASM") to increase between 0.5% and 1.5% and full year PRASM to increase between 1.7% and 1.9% year-over-year. The co expects Q4 cargo and other revenue to be between $1.10 billion and $1.15 billion and full year 2012 cargo and other revenue to be between $4.50 billion and $4.55 billion. The company estimates its consolidated fuel price, including the impact of cash settled hedges, to be $3.28 per gallon for the fourth quarter and $3.27 for the full year based on the forward curve as of December 19, 2012. The co estimates Q4 non-operating expense to be between $165 million and $175 million.
United Continental (UAL $23.28 +0.09) estimates its Q4 consolidated system available seat miles to decrease 4.2% YoY. Weather, including Superstorm