United Continental Holdings' CEO Discusses Q1 2012 Results - Earnings Call Transcript

United Continental Holdings (UAL)

Q1 2012 Earnings Call

April 26, 2012 11:00 am ET


Irene E. Foxhall - Executive Vice President of Communications & Government Affairs

Tyler Reddian - Managing Director of Investor Relations

Jeffery A. Smisek - Chief Executive Officer, President, Director, Member of Executive Committee and Member of Finance Committee

John Rainey - Chief Financial Officer and Executive Vice President

James E. Compton - Chief Revenue Officer and Executive Vice President


Michael Linenberg - Deutsche Bank AG, Research Division

James Corridore - S&P Equity Research

Daniel McKenzie - Rodman & Renshaw, LLC, Research Division

David E. Fintzen - Barclays Capital, Research Division

William J. Greene - Morgan Stanley, Research Division

Hunter K. Keay - Wolfe Trahan & Co.

Duane Pfennigwerth - Evercore Partners Inc., Research Division

Helane R. Becker - Dahlman Rose & Company, LLC, Research Division

Jamie N. Baker - JP Morgan Chase & Co, Research Division

Joshua Freed

Susan Carey

Mary Jane Credeur



Good morning, and welcome to the United Continental Holdings Earnings Conference Call for the First Quarter of 2012. My name is Brandon, and I'll 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 would now like to turn the presentation over to your host for today's call, Nene Foxhall and Tyler Reddian. Please go ahead.

Irene E. Foxhall

Thank you, Brandon. Good morning, everyone and welcome to United's first quarter 2012 earnings conference call. Joining us here in Chicago to discuss our results are President and CEO, Jeff Smisek; Executive Vice President and Chief Revenue Officer, Jim Compton; Executive Vice President and CFO, John Rainey; and Senior Vice President, Finance and Treasurer, Gerri Letterman. Jeff will begin with some overview comments, after which Jim will review capacity and revenue results. John will follow with a discussion of our cost structure, balance sheet and guidance. Jeff will make a few closing remarks, and then we will open the call for questions first from analysts and then from the media. We would appreciate if each of you would limit yourself to one question and one follow-up. With that, I'll turn it over to Tyler.

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