United Continental Holdings, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported total operating revenue of $8,702 million against $8,928 million for the same period last year. Operating loss was $465 million against operating income of $45 million for the same period last year. Loss before income taxes was $632 million against $146 million for the same period last year. Net loss was $620 million or $1.87 per diluted share against $138 million or $0.42 per diluted share for the same period last year. Net loss, excluding special items was $190 million or $0.58 per diluted share against net earnings, excluding special items of $109 million or $0.30 per diluted share for the same period last year.

For the year, the company reported total operating revenue of $37,152 million against $37,110 million for the same period last year. Operating income was $39 million against $1,822 million for the same period last year. Loss before income taxes was $724 million against income before income taxes of $845 million for the same period last year. Net loss was $723 million or $2.18 per diluted share against net income of $840 million or $2.26 per diluted share for the same period last year. Net loss, excluding special items was $589 million or $1.59 per diluted share against net earnings, excluding special items of $1,323 million or $3.49 per diluted share for the same period last year.

The company reported traffic results for the fourth quarter and year ended December 31, 2012. Total passengers travelled during the quarter were 33,255,000 against 34,191,000 for the same period last year. Revenue passenger miles were 47,866 million against 49,469 million for the same period last year. Available seat miles were 58,166 million against 60,714 million for the same period last year. Passenger load factor was 82.3% against 81.5% for the same period last year.

Total passengers travelled during the year were 140,441,000 against 141,799,000 for the same period last year. Revenue passenger miles were 205,485 million against 207,531 million for the same period last year. Available seat miles were 248,860 million against 252,528 million for the same period last year. Passenger load factor was 82.6% against 82.2% for the same period last year.

The company expects 2013 gross capital expenditures, including purchase deposits, of $2.5 billion or $1.4 billion net of expected financing.