Net income increases at United Airlines

Net income increases at United Airlines

United Airlines has reported full-year 2013 net income of $1.084 billion, an increase of 84 per cent year-over-year, or $2.84 per diluted share, excluding $513 million of special charges.

Including special charges, UAL reported full-year 2013 net income of $571 million, or $1.53 per diluted share.

UAL reported fourth-quarter 2013 net income of $298 million, or $0.78 per diluted share, excluding $158 million of special charges.

Including special charges, UAL reported fourth-quarter 2013 net income of $140 million, or $0.37 per diluted share.

UAL earned a ten per cent return on invested capital in 2013, with the airline generated $38.3 billion in revenue in 2013, an increase of three per cent year-over-year.

United’s consolidated passenger revenue per available seat mile increased 3.1 per cent in 2013 compared to 2012.

“We significantly improved our operations, customer service and financial results in 2013 thanks to the outstanding work of the United team,” said Jeff Smisek, UAL’s chairman, president and chief executive officer.

“Our goals for 2014 are to provide even more reliable operations, great customer service and materially better financial performance.”