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United Airlines reports first-quarter 2017 performance

For the first quarter of 2017, United Airlines reported that revenue was US$8.4bn, an increase of 2.7% year-over-year. First-quarter 2017 consolidated pssenger revenue per available seat mile (PRASM) was flat and consolidated yield increased 0.4% compared to the first quarter of 2016. Operating expense was US$8.1bn in the first quarter, up 7.9% year-over-year. Excluding special charges, operating expense was US$8.1bn, a 10.0% increase year-over-year. Consolidated unit cost per available seat mile (CASM) increased 5.1% compared to the first quarter of 2016 due largely to higher fuel expense and the impact of labor agreements ratified in 2016. First-quarter consolidated CASM, excluding special charges, third-party business expenses, fuel and profit sharing, increased 5.0% year-over-year, driven mainly by higher labor expense. In the first quarter of 2017, UAL increased its revolving credit facility by US$650m to a total capacity of US$2.0bn with the full amount currently undrawn and increased its existing term loan by approximately US$440m with more favorable terms and rates. Also in the first quarter, the company raised US$300m of unsecured debt at 5%.
UAL generated US$547m million in operating cash flow and ended the quarter with US$6.4bn in unrestricted liquidity, including its US$2.0bn revolving credit facility. The company’s capital expenditures were US$691m in the first quarter. Including assets acquired through the issuance of debt and airport construction financing and excluding fully reimbursable projects, the company invested US$1.4bn during the first quarter in adjusted capital expenditures. The company contributed US$80m to its pension plans and made debt and capital lease principal payments of US$346m in the first quarter.

Tuesday May 30, 2023
Global Airlines is getting ready for launch this summer with its first Airbus A380
Global Airlines has announced that it is to acquire its first Airbus A380 from Doric Aviation, looking to redefine the long-haul travel experience for its passengers. The new carrier has chosen to purchase its first four aircraft, all A380s, as opposed to goin... Read More »
Tuesday May 30, 2023
On May 27, airBaltic, the national airline of Latvia, celebrated the arrival of its 42nd Airbus A220-300 aircraft, bearing the registration YL-ABP, in Riga. This marked the third delivery of an Airbus A220-300 to airBaltic in 2023, as part of its order for a t... Read More »
Tuesday May 30, 2023
Allegiant and the International Brotherhood of Teamsters (IBT), representing Allegiant dispatchers, have ratified a new contract agreement on a two-year extension to the union’s initial collective bargaining agreement.     The tentative agreement, ... Read More »
Tuesday May 30, 2023
Elbe Flugzeugwerke will supply Airspace L Bins for the Airbus A320 family
Elbe Flugzeugwerke GmbH (EFW), competence centre for Airbus Aircraft Conversions (P2F) and for lightweight components, has been appointed by Airbus as supplier and manufacturer of upsized overhead bins, the Airspace L Bins, a new retrofit solution for single-a... Read More »
Tuesday May 30, 2023
Richard Sell will assume the role of CEO for HAECO Group on July 1. 2023
HAECO Group, a leading global provider of aircraft maintenance, repair and overhaul services, has appointed Richard Sell as its new Chief Executive Officer. He will assume the role on July 1, 2023, succeeding Frank Walschot, who will remain as an advisor to ... Read More »
Tuesday May 30, 2023
Swiss Aviation Software (Swiss-AS) and Volocopter have co-signed a landmark multi-year contract for AMOS, Swiss-AS’s maintenance, repair, and overhaul (MRO) software. AMOS will be used to manage Volocopter’s electric vertical take-off and landing (eVTO... Read More »
Tuesday May 30, 2023
AMETEK MRO AEM, a provider of aviation MRO services, has expanded heat exchanger capabilities at its Ramsgate facility in the UK. This is due to increased customer demand from operators of A320, B737 and B757 aircraft fleets. These are all platforms currently ... Read More »
Monday May 29, 2023
China’s first ‘home-grown’ commercial airliner the C919
Delivered to launch customer China Eastern Airlines in December 2022, and after considerable flight testing, the COMAC C919 has completed its first commercial flight. Built by Commercial Aircraft Corporation of China (COMAC) the narrow-body C919 left Shanghai ... Read More »
Monday May 29, 2023
Frederico Lemos has been appointed CCO for Defense & Security international businesses
Embraer has appointed Frederico Lemos to the position of Chief Commercial Officer (CCO) for international businesses of Embraer Defense & Security. Following the appointment of Bosco da Costa Junior as President & CEO of Embraer Defense & Security ... Read More »
Monday May 29, 2023
All of QantasLink’s 20 Boeing 717s will be gradually replaced
Qantas will mark the end of an era with the departure of one of its Boeing 717 jets, the first of its type to be registered and flown in Australia. The departing 717 (registration VH-NXI) holds a special place in the Qantas Group’s modern history, having ope... Read More »
Monday May 29, 2023
Torbjorn Sjogren, VP and GM, Government Services, Boeing Global Services and Sarbjit Singh, President, Defence Aerospace, ST Engineering
Boeing and ST Engineering have signed a Memorandum of Understanding (MoU) to outline potential areas of collaboration in systems integration, training, local parts distribution, support and sustainment work for the P-8A Poseidon. Boeing and ST Engineering have... Read More »
Monday May 29, 2023
Eve Air Mobility began testing its vertical lift rotors aboard a new custom truck-mounted platform
Eve Air Mobility (Eve) has released that it continues to advance its electric vertical take-off and landing (eVTOL) testing phase as it continues to make strides toward key programme milestones. The various tests performed throughout this phase are part of Eve... Read More »
Monday May 29, 2023
ITA has taken delivery of its first A330neo aircraft during a ceremony held in Toulouse, France
ITA Airways, Italy’s national carrier, has taken delivery of its first Airbus A330neo aircraft, on lease from Air Lease Corporation (ALC). The A330-900 will join the ITA Airways’ fleet in June to serve its long-haul routes and new intercontinental dest... Read More »
Friday May 26, 2023
Deutsche Lufthansa AG will acquire a minority stake in ITA Airways
Deutsche Lufthansa AG (Lufthansa) has agreed with the Italian Ministry of Economy (Ministero dell’Economia e delle Finanze, MEF) to acquire a 41% stake in ITA Airways through a capital increase of €325 million (£283 million). As part of the agreement, the... Read More »
Friday May 26, 2023
The Ministry of Defence of Malaysia has signed a contract with Leonardo to supply two ATR 72 MPA (Maritime Patrol Aircraft) platforms. A signing ceremony took place at LIMA 2023, a key maritime and defence exhibition in the Asia-Pacific region held in Langkawi... Read More »
Friday May 26, 2023
GE’s 360 Foam Wash is an alternative to water wash for engine maintenance
SkyWest Airlines, a subsidiary of SkyWest, has been awarded a technical license from GE to use its 360 Foam Wash system on its CF34 aircraft engines, making SkyWest the first North American operator to license the patented engine cleaning system. Estimates are... Read More »
Friday May 26, 2023
Signing ceremony of the MRO services agreement between MAB Engineering and Spirit AeroSystems
Spirit AeroSystems (Spirit) has finalised a partnership agreement with MAB Engineering Services (MAB Engineering) to provide MRO services for nacelle and flight control surfaces to Malaysia Airlines and other operators at Kuala Lumpur International Airport, Se... Read More »
Friday May 26, 2023
AJW Group appoints Geoff Shearer as representative for Australasia region
Geoff Shearer is to become AJW Group‘s new representative for the Australasia region. In this role, Shearer will be responsible for nurturing relationships with key customers, maximising opportunities arising from the Group’s presence in the region... Read More »
Friday May 26, 2023
Brazil and Costa Rica have joined the International Transport Forum
Brazil and Costa Rica have joined the International Transport Forum (ITF) as the organisation’s 65th and 66th member countries. The ITF’s highest statutory body, the Council of Ministers of Transport, voted to admit both Latin American nations on May 24, 2... Read More »
Thursday May 25, 2023
Effective May 23, France has activated a ban on all short-haul flights to destinations where there is an existing train connection that can be reached within two-and-a-half hours. However, the train service has to offer the same degree of flexibility as a flig... Read More »
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