United Continental Holdings recently released the second-quarter
2011 financial results in which it recorded a net profit of $577
million or $1.49 per diluted share. This is excluding $39 million
of net special items consisting primarily of integration-related
costs and a one-time non-cash adjustment to revenue, the company
says. The group notes that on a GAAP (Generally Accepted Accounting
Principles) basis, UAL recorded a second-quarter 2011 net profit of
$538 million or $1.39 per diluted share.
The group also notes that
consolidated passenger revenue increased 10.1 percent in the second
quarter of 2011 compared to the pro forma results for the same
period in 2010.
It adds that Second-quarter 2011
consolidated passenger revenue per available seat mile (PRASM)
increased 9.0 percent compared to the pro forma results
year-over-year. Further, UAL states that the Second-quarter 2011
consolidated fuel expense, excluding the impact of hedges,
increased 45.2 percent, or $1.1 billion, year-over-year on a pro
forma basis. UAL says it ended the quarter with $8.6 billion in
unrestricted cash, cash equivalents and short-term investments.