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News Breaks September 27, 2012 12:11 EDT UAL United Continental down over 2% after giving Q3, FY12 guidance In a regulatory filing earlier this morning, United Continental (UAL) updated its guidance for Q3 and FY12. The company estimated its Q3 consolidated system available seat miles, or ASMs, would decrease 1.4% as compared to the same period in the prior year, with consolidated domestic ASMs decreasing 1.7% and consolidated international ASMs decreasing 1.0% year-over-year. The company also estimated its Q3 consolidated passenger revenue per available seat mile, or PRASM, would decrease between 1.0% and 2.0% as compared to the same period in the prior year. The company expects its Q3 cargo and other revenue to be between $1.12B-$1.17B. The company expects its Q3 consolidated cost per ASM, or CASM, excluding profit sharing, third-party business expenses, fuel, certain accounting charges and integration-related expenses, to increase 2.8%-3.8% year-over-year. The company expects to record approximately $60M of third-party business expenses in Q3. The company estimates its consolidated fuel price, including the impact of cash settled hedges, to be $3.18 per gallon for Q3 based on the forward curve as of September 19. The company estimates Q3 non-operating expense to be between $185M-$205M. In Q3, the company expects approximately $425M of gross capital expenditures and approximately $235M of net capital expenditures, excluding net purchase deposits of $118M. The company expects to make approximately $485M of debt and capital lease payments in Q3, including approximately $105M of prepayments. The company expects to end Q3 with approximately $7.1B in unrestricted liquidity comprised of approximately $6.6B of unrestricted cash, cash equivalents and short-term investments and $500M in undrawn commitments under its revolving credit facility. The company currently expects to record minimal cash income taxes in 2012. United Continental is down 54c, or 2.68%, to $19.62 in mid-day trading. News For UAL From The Last 14 Days Check below for free stories on UAL the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 18, 2013 19:58 EDT UAL Boeing 787 makes emergency landing, WSJ reports Subscribe for More Information 06:05 EDT UAL United Continental increases Dreamliner order to 65 Subscribe for More Information 05:52 EDT UAL Fliers give U.S. airlines high marks, WSJ reports Major U.S. airlines improved their passenger-satisfaction scores for the second consecutive year, according to a poll to be released today by the American Customer Satisfaction Index. But the sector remains near the bottom of the ACSI's 43 benchmark industries, topping only subscription-TV service and Internet providers in satisfaction, reports the Wall Street Journal. Reference Link June 14, 2013 17:13 EDT UAL United to move to bigger Dreamliner, A350 planes, Bloomberg says Subscribe for More Information 15:42 EDT UAL United to shift order to bigger Boeing, Airbus planes, Bloomberg says Subscribe for More Information 07:18 EDT UAL Deutsche Bank to host a conference Subscribe for More Information June 11, 2013 09:27 EDT UAL Explosion in maintenance shed at Atlanta airport, AJC reports An explosion in a maintenance shed knocked out power and prompted an evacuation of part of Hartsfield-Jackson International Airport, The Atlanta Journal-Constitution reported. Reference Link 08:01 EDT UAL France's airports cut flights by 50% as EU strike expected to spread, AP reports Subscribe for More Information 06:58 EDT UAL Many flights at French airports cancelled due to strike, NY Times reports Subscribe for More Information 05:58 EDT UAL EU regulators to approve Delta, Virgin deal, Reuters reports Subscribe for More Information June 10, 2013 16:17 EDT UAL United Continental reports May consolidated traffic down 0.8% UAL's May consolidated traffic decreased 0.8% and consolidated capacity decreased 1.7% versus May 2012. UAL's May consolidated load factor increased 0.8 points compared to May 2012. UAL's May consolidated passenger revenue per available seat mile is estimated to be between flat and down 1.0% compared to May 2012. June 7, 2013 10:11 EDT UAL On The Fly: Analyst Upgrade Summary Subscribe for More Information 06:18 EDT UAL United Continental upgraded to Neutral from Sell at Goldman Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.