United Continental Holdings, Inc. (NYSE:UAL) Q4 2014 Earnings Conference Call - Final Transcript

Jan 22, 2015 • 10:30 am ET

Previous

United Continental Holdings, Inc. (NYSE:UAL) Q4 2014 Earnings Conference Call - Final Transcript

Share
Close

Loading Event

Loading Transcript

Presentation
Operator
operator

Good morning, and welcome to United Continental Holdings' Earnings Conference Call for the Fourth Quarter 2014. My name is Brandon, and I will be your conference facilitator today. (Operator Instructions) This call is being recorded and is copyrighted. Please note that no portion of the call may be recorded, transcribed or rebroadcast without the company's permission. Your participation implies your consent to our recording of this call. If you do not agree with these terms, simply drop off the line.I will now turn the presentation over to your hosts for today's call, Nene Foxhall and Jonathan Ireland. Please go ahead.

Executive
Irene Foxhall

Thank you, Brandon. Good morning, everyone, and welcome to United's fourth quarter 2014 earnings conference call. Joining us here in Chicago to discuss our results are Chairman, President and CEO, Jeff Smisek; Vice Chairman and Chief Revenue Officer, Jim Compton; Executive Vice President and Chief Operations Officer, Greg Hart; and Executive Vice President and Chief Financial Officer, John Rainey.

Jeff will begin with some overview comments, after which Jim will discuss revenue and capacity. Greg will follow with an update on our operations. John will follow that with a review of our costs, fleet and capital structures, after which we will open the call for questions, first from analysts and then from the media. We'd appreciate if you would limit yourself to one question and one follow-up.With that, I'll turn the call over to Jonathan Ireland.

Executive
Jonathan Ireland

Thanks, Nene. This morning, we issued our earnings release and separate investor update. Both are available on our website at ir.united.com.Information in this morning's release and investor update and the remarks made during this conference call may contain forward-looking statements which represent the company's current expectations or beliefs concerning future events and financial performance.

(Forward-Looking Cautionary Statements)

Executive
Irene Foxhall

And now I'd like to turn the call over to Jeff.

Executive
Jonathan Ireland

Thanks, Nene. This morning, we issued our earnings release and separate investor update. Both are available on our website at ir.united.com.Information in this morning's release and investor update and the remarks made during this conference call may contain forward-looking statements which represent the company's current expectations or beliefs concerning future events and financial performance. All forward-looking statements are based upon information currently available to the company. A number of factors could cause actual results to differ materially from our current expectations.

Please refer to our press release, Form 10-K and other reports filed with the SEC by United Continental Holdings and United Airlines for a more thorough description of these factors.Also, during the course of our call, we will discuss several non-GAAP financial measures. For a reconciliation of these non-GAAP measures to GAAP measures, please refer to the tables at the end of our earnings release and investor update, copies of which are available on our website.

Unless otherwise noted, special charges are excluded as we walk you through our numbers for the quarter. These items are detailed in our earnings release.And now I'd like to turn the call over to Jeff.Jeffery Smisek - Chairman of the