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0001193125-12-382333.txt : 201209060001193125-12-382333.hdr.sgml : 2012090620120906114213ACCESSION NUMBER:0001193125-12-382333CONFORMED SUBMISSION TYPE:8-KPUBLIC DOCUMENT COUNT:23CONFORMED PERIOD OF REPORT:20120906ITEM INFORMATION:Regulation FD DisclosureITEM INFORMATION:Financial Statements and ExhibitsFILED AS OF DATE:20120906DATE AS OF CHANGE:20120906

FILER:

COMPANY DATA:COMPANY CONFORMED NAME:CONTINENTAL AIRLINES INC /DE/CENTRAL INDEX KEY:0000319687STANDARD INDUSTRIAL CLASSIFICATION:AIR TRANSPORTATION, SCHEDULED [4512]IRS NUMBER:742099724STATE OF INCORPORATION:DEFISCAL YEAR END:1231

FILING VALUES:FORM TYPE:8-KSEC ACT:1934 ActSEC FILE NUMBER:001-10323FILM NUMBER:121076054

BUSINESS ADDRESS:STREET 1:1600 SMITH STREET 3303DSTREET 2:DEPT HQSEOCITY:HOUSTONSTATE:TXZIP:77002BUSINESS PHONE:7133245000

MAIL ADDRESS:STREET 1:1600 SMITH STREET 3303DSTREET 2:DEPT HQSEOCITY:HOUSTONSTATE:TXZIP:77002

FORMER COMPANY:FORMER CONFORMED NAME:PEOPLE EXPRESS AIRLINES INCDATE OF NAME CHANGE:19890726

FILER:

COMPANY DATA:COMPANY CONFORMED NAME:United Continental Holdings, Inc.CENTRAL INDEX KEY:0000100517STANDARD INDUSTRIAL CLASSIFICATION:AIR TRANSPORTATION, SCHEDULED [4512]IRS NUMBER:362675207STATE OF INCORPORATION:DEFISCAL YEAR END:1231

FILING VALUES:FORM TYPE:8-KSEC ACT:1934 ActSEC FILE NUMBER:001-06033FILM NUMBER:121076053

BUSINESS ADDRESS:STREET 1:JOHN LAKOSIL - WHQLDSTREET 2:77 W. WACKERCITY:CHICAGOSTATE:ILZIP:60601BUSINESS PHONE:312-997-8000

MAIL ADDRESS:STREET 1:JOHN LAKOSIL - WHQLDSTREET 2:77 W. WACKERCITY:CHICAGOSTATE:ILZIP:60601

FORMER COMPANY:FORMER CONFORMED NAME:UAL CORP /DE/DATE OF NAME CHANGE:19920703

FORMER COMPANY:FORMER CONFORMED NAME:ALLEGIS CORPDATE OF NAME CHANGE:19880613

FORMER COMPANY:FORMER CONFORMED NAME:UAL INCDATE OF NAME CHANGE:19870517

FILER:

COMPANY DATA:COMPANY CONFORMED NAME:UNITED AIR LINES INCCENTRAL INDEX KEY:0000101001STANDARD INDUSTRIAL CLASSIFICATION:AIR TRANSPORTATION, SCHEDULED [4512]IRS NUMBER:362675206STATE OF INCORPORATION:DEFISCAL YEAR END:1231

FILING VALUES:FORM TYPE:8-KSEC ACT:1934 ActSEC FILE NUMBER:001-11355FILM NUMBER:121076055

BUSINESS ADDRESS:STREET 1:JOHN LAKOSIL - HDQLDSTREET 2:77 W. WACKERCITY:CHICAGOSTATE:ILZIP:60601BUSINESS PHONE:847-700-4462

MAIL ADDRESS:STREET 1:JOHN LAKOSIL - HDQLDSTREET 2:77 W. WACKERCITY:CHICAGOSTATE:ILZIP:60601

8-K1d406093d8k.htmFORM 8-K

Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September6, 2012

UNITED CONTINENTAL HOLDINGS, INC.

UNITED AIR LINES, INC.

CONTINENTAL AIRLINES, INC.

(Exact name of registrant as specified in its charter)

Delaware001-0603336-2675207

Delaware001-1135536-2675206

Delaware001-1032374-2099724

(State or other jurisdiction(Commission File Number)(IRS Employer

of incorporation)

Identification Number)

77 W. Wacker Drive, Chicago, IL60601

77 W. Wacker Drive, Chicago, IL60601

1600 Smith Street, Dept. HQSEO, Houston, Texas77002

(Address of principal executive offices)(ZipCode)

(312) 997-8000

(312) 997-8000

(713) 324-2950

Registrants telephone number, including area code

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item7.01Regulation FD Disclosure.

Jeffery A.Smisek, President and Chief Executive Officer of United Continental Holdings, Inc., the holding company whose primary subsidiaries are United Air Lines, Inc. and Continental Airlines, Inc., will speak at the 2012 Deutsche Bank Airline Conference onThursday, September6, 2012. Attached hereto as Exhibit 99.1 are slides that will be presented at that time.

The information in thisItem7.01, including Exhibit99.1, is being furnished and shall not be deemed to be filed for purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of thatSectionand shall not be deemed incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item9.01Financial Statements and Exhibits.

ExhibitNo.

Description

99.1*United Continental Holdings, Inc. slide presentation delivered on September 6, 2012

*Furnished herewith electronically.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

UNITED CONTINENTAL HOLDINGS, INC.

UNITED AIR LINES, INC.

CONTINENTAL AIRLINES, INC.

By:/s/ Brett J. Hart

Name:Brett J. Hart

Title:ExecutiveVicePresident,GeneralCounselandSecretary

Date: September 6, 2012

EXHIBIT INDEX

ExhibitNo.

Description

99.1*United Continental Holdings, Inc. slide presentation delivered on September 6, 2012

*Furnished herewith electronically.

EX-99.12d406093dex991.htmUNITED CONTINENTAL HOLDINGS, INC. SLIDE PRESENTATION

United Continental Holdings, Inc. slide presentation

Deutsche Bank 2012 Airline ConferenceUnited Continental Holdings, Inc.September 6, 2012Exhibit 99.1

JeffSmisek President and Chief Executive Officer

SafeHarbor Statement 33Certain statements included in this presentation are forward-looking and thus reflect our currentexpectations and beliefs with respect to certain current and future events and financialperformance. Such forward-looking statements are and will be subject to many risks anduncertainties relating to our operations and business environment that may cause actual resultsto differ materially from any future results expressed or implied in such forward-looking statements. Words such as expects, will, plans, anticipates,indicates, believes, forecast, guidance, outlook and similar expressions are intended to identify forward-looking statements. Additionally, forward-lookingstatements include statements which do not relate solely to historical facts, such as statementswhich identify uncertainties or trends, discuss the possible future effects of current knowntrends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. All forward-looking statements in this presentation arebased upon information available to us on the date of this presentation. We undertake noobligation to publicly update or revise any forward-looking statement, whether as a result ofnew information, future events, changed circumstances or otherwise, except as required byapplicable law. Our actual results could differ materially from these forward-looking statements due to numerous factors including, without limitation, the following: our ability to comply with the termsof our various financing arrangements; the costs and availability of financing; our ability tomaintain adequate liquidity; our ability to execute our operational plans; our ability to controlour costs, including realizing benefits from our resource optimization efforts, cost reductioninitiatives and fleet replacement programs; our ability to utilize our net operating losses; our ability to attract and retain customers; demand for transportation in the markets in which we operate; anoutbreak of a disease that affects travel demand or travel behavior; demand for travel and theimpact that global economic conditions have on customer travel patterns; excessive taxation andthe inability to offset future taxable income; general economic conditions (including interestrates, foreign currency exchange rates, investment or credit market conditions, crude oil prices, costs of aircraft fuel and energy refining capacity in relevant markets); our ability to cost-effectivelyhedge against increases in the price of aircraft fuel; any potential realized or unrealized gainsor losses related to fuel or currency hedging programs; the effects of any hostilities, act ofwar or terrorist attack; the ability of other air carriers with whom we have alliances or partnerships to provide the services contemplated by the respective arrangements with such carriers; thecosts and availability of aviation and other insurance; the costs associated with securitymeasures and practices; industry consolidation or changes in airline alliances; competitivepressures on pricing and demand; our capacity decisions and the capacity decisions of ourcompetitors; U.S. or foreign governmental legislation, regulation and other actions (including open skies agreements and environmental regulations); labor costs; our ability to maintain satisfactorylabor relations and the results of the collective bargaining agreement process with our uniongroups; any disruptions to operations due to any potential actions by our labor groups; weatherconditions; the possibility that expected merger synergies will not be realized or will not berealized within the expected time period; and other risks and uncertainties set forth under Item 1A., Risk Factors of the Companys Annual Report on Form 10-K, as well as other risks anduncertainties set forth from time to time in the reports we file with the SEC. Consequently,forward-looking statements should not be regarded as representations or warranties by us thatsuch matters will be realized.

Unitedis transforming We are building a new airlineBroad, business-centric networkCapacity discipline and business flexibilityCreating economic value over the business cycleInvesting in our people, customers, product and technology4Strengthening the balance sheet

Theworlds best network Serving the most destinations of any globalcarrier Hubs in the four largest U.S. cities50 of the Fortune 100 companies headquartered in hubsNote:RankingsforUScarriersbyASMsasof2011Source: Earnings releases and SEC filings5Best Network for Business Customers

Driving strong revenue from business-centric network1. Consolidated PRASM numbers for carriers other than UAL adjusted for length of haulversus UALs length of haul Source: Earnings releases and SECfilings 6TME 2Q 2012 PRASM(in cents)8.8610.6011.9412.0613.121

1.Source: Kiodex Platts US Gulf Coast Jet2. Source: Earnings releases and SEC filings; Excludes special, one-time items.See non-GAAP reconciliation in Appendix; Results prior to 4Q10 proformaPre-tax Earnings/(Loss) ($B)7$1.1($2.3)TME 2Q122008Average Jet A ($/bbl)TME 2Q12$127.42008$124.7Generating solid earnings despite elevated fuel prices12

Makingsteady progress in complex process of integrating two airlines8Operating a safe, clean and reliable airlineDelivering highlevel of customer serviceInvesting in our onboard productImproving our reliability and maintenance programsBuilding our Working Together cultureFocused on Getting the Basics RightAwarded single operating certificateConverted to single passenger service systemReached ratified CBAs with 7 labor groups and an Agreement in Principle for a joint CBA with pilotsBegan aircraft redeploymentMade Many Substantive Changes To Date

Setting the foundation for the future9Generating economic valueGiving co-workers the tools to do their jobInvesting in products our customers valueImproving the efficiency of our fleetManaging capacity for returnsGrowing high margin businessesEnhancing customer service

10ROIC embedded inbusiness decisionsFleet StrategyNetwork / Route AnalysisProduct InvestmentBalance SheetSource: Earnings releases and SEC filingsReturn on invested capital in excess of 10% over the business cycleReturn on Invested Capital(ROIC)Lower(-)Higher(+)Economic Value AddedUAL2010, 2011UAL2007UAL 2006-2009

11Note: Rolling consolidated capacity for prior twelve months; industry includes AMR,DAL, LUV and LCC; capacity proforma for merged carriers Source: Earningsreleases and SEC filings 4Q094Q084Q074Q064Q10Industryex-UAL2Q124Q11Maintaining capacity discipline is core to our long-term success(10%)(5%)0%5%

Source: SEC filings and investor updates1.Results prior to 4Q 2010 pro forma2.Capacity guidance from UAL form 8-K filed September 5, 2012Further reducing 2012 capacity in response to economic outlookConsolidated Capacity TrendYear-over-Year % Change in ASMs20102011(0.2%)(1.75%)2012E(0.75%)1.1%Expect to reduce FY 2013 consolidated capacity year-over-year1212

Serving customers as a single airline Loyalty program: MileagePlusCustomer service proceduresWebsite: united.comPassenger service systemOperating certificateSingle13

Giving co-workers the tools to do their jobs14Native SHARESNew Interface for SHARES

15Getting the basics rightWorking Together cultureDirect, open & honest communicationDignity & respectWe are a customer service business

Investing in our product and technology at our airportsGlobal ServicesNew United Club in ORD T-2Mobile App16

Improving our customersonboard experience17International Flat-Bed SeatsGlobal Satellite Wi-FiBoeing Sky Interior

Launching game-changing aircraft18

Growing high margin components of our business1990 million members worldwide100+ partnerships to earnUnmatched redemption opportunitiesUp to 5 more inches of space in coachAncillary RevenueEconomy PlusValue-add products & servicesDynamic pricingImproved CRM targeting

Building our foundation for the futureBroad, business-centric networkCapacity discipline and business flexibilityCreating economic value over the business cycleInvesting in our people, customers, product and technology20Strengthening the balance sheet

21Appendix: Non-GAAP Financial Reconciliation($ millions)S-UAS-COUCHUCHPre-tax MarginEarnings / (Loss) Before Income Taxes($5,427)($695)($6,122)$407Add: Special Items3,6541813,835739Adjusted Earnings / (Loss) Before Income Taxes (1,773)(514)(2,287)1,146Total Operating Revenue20,19415,24135,435$37,640Adjusted Pre-tax Margin(8.8%)(3.4%)(6.5%)3.0%Note: Non-GAAP financial measures are presented because they provide managementand investors with the ability to measure and monitor UALs performanceusing similar criteria on a consistent basis. UAL believes that adjusting for special items is useful to investors because they are non-recurring items notindicative of UALs on-going performance. Special items relate toactivities that are not central to UALs ongoing operations or are unusual in nature.200820082008TME 2Q12

GRAPHIC3g406093ex99_1s10gbgd.jpgGRAPHIC

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