UAL Corp. Beats Estimates, Finishes First Among Network Carriers in On-Time Performance (UAUA)
01/27/2010-Shares of UAL Corp. (NASDAQ:UAUA) are trading up 3.3% premarket Wednesday after the company reported fiscal Q4 EPS of -$1.05, beating consensus estimates of -$1.47.
Revenues for the quarter fell 7.8% year-over-year to $4.19 billion, narrowly topping consensus estimates of $4.1 billion.
The company expects both mainline and consolidated CASM, ex-items, for fiscal 2010 to be up 2.0% to 3.0% year-over-year.
"Against a backdrop of extraordinary challenges in 2009, we responded with our best work. This has been a year of solid progress against our priorities of building network strength in key geographies, creating and maximizing revenue opportunities, and improving operational performance and customer satisfaction metrics, such as finishing first among network carriers in on-time performance," said Glenn Tilton, UAL Corporation chairman, president and CEO. "We have established tight cost control across the company, and, with strengthened liquidity, we are well positioned to continue to take actions to create a stronger United and improve our competitive position."