Item 6. SELECTED FINANCIAL DATA.

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Item 6. SELECTED FINANCIAL DATA.

UAL's consolidated financial statements and statistical data are provided in the tables below:



	Year Ended December 31,
	2018		2017 (a)		2016 (a)		2015		2014
Income Statement Data (in millions, except per share amounts):
Operating revenue	$	41,303	$	37,784	$	36,558	$	37,864	$	38,901
Operating expense	38,011		34,113		32,214		32,698		36,528
Operating income	3,292		3,671		4,344		5,166		2,373
Net income	2,129		2,144		2,234		7,340		1,132
Basic earnings per share	7.73		7.08		6.77		19.52		3.05
Diluted earnings per share	7.70		7.06		6.76		19.47		2.93

Balance Sheet Data at December 31 (in millions):
Unrestricted cash, cash equivalents and short-term investments	$	3,950	$	3,798	$	4,428	$	5,196	$	4,384
Total assets	44,792		42,346		40,208		40,861		36,595
Debt and capital lease obligations	14,728		14,392		11,705		11,759		11,947

(a) Amounts adjusted due to the adoption of Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606) and Accounting Standards Update No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. See Note 1 to the financial statements contained in Part II, Item 8 of this report for additional information.



	Year Ended December 31,
	2018			2017 (a)			2016 (a)			2015			2014
Consolidated (b)
Passengers (thousands) (c)	158,330			148,067			143,177			140,369			138,029
Revenue passenger miles ("RPMs") (millions) (d)	230,155			216,261			210,309			208,611			205,559
Available seat miles ("ASMs") (millions) (e)	275,262			262,386			253,590			250,003			246,021
Cargo revenue ton miles (millions) (f)	3,425			3,316			2,805			2,614			2,487
Passenger load factor (g)	83.6		%	82.4		%	82.9		%	83.4		%	83.6		%
Passenger revenue per available seat mile ("PRASM") (cents)	13.70			13.13			13.18			13.11			13.72
Total revenue per available seat mile ("TRASM") (cents)	15.00			14.40			14.42			15.15			15.81
Average yield per revenue passenger mile ("Yield") (cents) (h)	16.38			15.93			15.90			15.72			16.42
Cost per available seat mile ("CASM") (cents)	13.81			13.00			12.70			13.08			14.85
Average price per gallon of fuel, including fuel taxes	$	2.25		$	1.74		$	1.49		$	1.94		$	2.99
Fuel gallons consumed (millions)	4,137			3,978			3,904			3,886			3,905
Average stage length (miles) (i)	1,446			1,460			1,473			1,487			1,480
Average daily utilization of each mainline aircraft (hours:minutes) (j)	10:45			10:27			10:06			10:24			10:26

(a) PRASM, TRASM, Yield, and CASM are adjusted due to the adoption of Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606) and Accounting Standards Update No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. See Note 1 to the financial statements contained in Part II, Item 8 of this report for additional information.

(b) Includes data from our regional carriers operating under CPAs.

(d) The number of scheduled miles flown by revenue passengers.

(e) The number of seats available for passengers multiplied by the number of scheduled miles those seats are flown.

(f) The number of cargo revenue tons transported multiplied by the number of miles flown.

(g) RPM divided by ASM.

(h) The average passenger revenue received for each revenue passenger mile flown.

(i) Average stage length equals the average distance a flight travels weighted for size of aircraft.

(j) The average number of hours per day that an aircraft flown in revenue service is operated (from gate departure to gate arrival).

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