United Continental Holdings, Inc. Re-Affirms Consolidated Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2015; Reports Consolidated Traffic Results for the Month and Year to Date Ended December 205
For the year 2015, the company will pay approximately 9.7% of total adjusted earnings as profit sharing to employees for adjusted earnings up to a 6.9% adjusted pre-tax margin and approximately 15.0% for any adjusted earnings above that amount. Adjusted earnings for the purposes of profit sharing are calculated as GAAP pre-tax earnings, excluding special items, profit sharing expense and share-based compensation program expense. Share-based compensation expense for the purposes of the profit sharing calculation is estimated to be $58 million for full-year 2015. Total consolidated available seat miles to be 250,004 million. Total consolidated revenue passenger mile to be 208,611 million. Total consolidated load factor to be 83.4%.
For the month, the company reported revenue passenger miles of 17,148,875,000 against 16,889,108,000 a year ago. Available seat miles were 20,654,783,000 against 20,216,623,000 a year ago. Passenger load factor was 83.0% against 83.5% a year ago. Onboard passengers were 11,603,000 against 11,326,000 a year ago. Cargo revenue ton miles were 223,908,000 against 224,393,000 a year ago.
For the year to date, the company reported revenue passenger miles of 208,611,208,000 against 205,559,215,000 a year ago. Available seat miles were 250,003,434,000 against 246,020,599,000 a year ago. Passenger load factor was 83.4% against 83.6% a year ago. Onboard passengers were 140,369,000 against 138,029,000 a year ago. Cargo revenue ton miles were 2,614,125,000 against 2,486,785,000 a year ago.