United Airlines Holdings, Inc. · NASDAQ:UAL
United Airlines — J.P. Morgan Industrials Conference 2022
10 slides from United Airlines's conference presentation, Mar 15, 2022
Slide 1: J.P. Morgan Industrials Conference United Airlines
J.P. Morgan Industrials Conference United Airlines Andrew Nocella, EVP & Chief Commercial Officer Gerry Laderman, EVP & Chief Financial Officer March 15, 2022
Slide 2: Forward Looking Statement and Non-GAAP Financial Information
2 Forward Looking Statement and Non-GAAP Financial Information Forward-Looking Statements This presentation may contain statements about the Company’s future plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigat
Slide 3: Business update: the recovery is accelerating
3 Business update: the recovery is accelerating 1 As of March 7, 2022 1 2 3 4 5 ▪ Very strong leisure demand across most of our network: system bookings versus 2019 improved almost 40 points since the first week of the year ▪ Business traffic is rebounding more quickly than expected: business bookin
Slide 4: Bookings have trended up since the pandemic started, with smaller setbacks
4 (88%) (73%) (75%) (54%) (60%) (20%) (28%) (12%) (18%) (2%) Bookings have trended up since the pandemic started, with smaller setbacks United system bookings for future travel vs 20191 Delta Omicron US 2nd wave US 3rd wave 1 Data as of March 8, 2022
Slide 5: Business traffic has hit record levels since the start of the pandemic
5 A p r M a y J u n J u l A u g S e p O c t N o v D e c J a n F e b M a r A p r M a y J u n J u l A u g S e p O c t N o v D e c J a n F e b M a r Business traffic has hit record levels since the start of the pandemic United bookings from business travel agencies for future travel1 Omicron Business b
Slide 6: Now expect 2022 capacity to be down high single digits versus 2019
6 Now expect 2022 capacity to be down high single digits versus 2019 Throughout the crisis we have closely matched capacity to demand, resulting in industry-leading unit revenue performance (70%) (90%) (80%) (30%) (50%) (60%) (20%) (40%) (10%) UAL 3Q212Q212Q20 3Q20 4Q20 1Q21 4Q21 Legacy peers UAL TR
Slide 7: Our hubs are in the largest markets and business centers, with the most international demand
7 Our hubs are in the largest markets and business centers, with the most international demand N e w Y o rk C h ic a g o L o s A n g e le s A tl a n ta S a n F ra n c is c o M ia m i D e n v e r D a lla s W a s h in g to n D .C . H o u s to n S e a tt le M in n e a p o lis Passenger demand Total pas
Slide 8: United Next aircraft order will enable premium seat growth and better match hub demographics
8 United Next aircraft order will enable premium seat growth and better match hub demographics 104 2019 2026E ~134 +~30% Total seats per short-haul departure North America mainline + regional fleet 8 E Estimated, based on latest internal delivery and retirement projections 1 CASM-ex (adjusted cost o
Slide 9: Q&A
&A A STAR ALLIANCE MEMBER ZZ
Slide 10: Appendix: Guidance update
10 Appendix 1 Forward capacity is matched with current observed bookings trends. 2 CASM-ex (adjusted cost or operating expense per available seat mile) is a non-GAAP financial measure that excludes fuel, profit sharing, third-party business expenses and special charges (credits). The Company is not
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