United Continental Holdings, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported total operating revenues of $8,928 million, operating income of $45 million, loss before income taxes of $146 million, net loss of $138 million or $0.42 per diluted share compared to the total operating revenues of $8,464 million, operating loss of $82 million, loss before income taxes of $324 million, net loss of $325 million or $1.01 per diluted share for the same quarter year ago. Net income excluding special items was $109 million or $0.30 per diluted share compared to the $160 million for the same quarter year ago. During the quarter, the company generated $265 million of operating cash flow, and gross capital expenditures were $204 million. For the year, the company reported total operating revenues of $37,110 million, operating income of $1,822 million, income before income taxes of $845 million, net income of $840 million or $2.26 per diluted share compared to the total operating revenues of $34,109 million, operating income of $1,919 million, income before income taxes of $955 million, net income of $955 million or $2.61 per diluted share for the previous year. Net income excluding special items was $1,323 million or $3.49 per diluted share compared to the $1,619 million for the previous year. The company provided capital expenditures guidance for the full year of 2012. As a result, the company expects gross capital expenditures to be $2.3 billion in 2012 or $1.3 billion net of expected financing.