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Indiaexportnews.com

UAL quarterly profit up 38pc

  29.07.2013    

United Airlines (UAL) has posted 38 per cent year-on-year second quarter net profit increase to US$469 million, excluding special charges of $52 million, drawn on revenues of $1.3 billion, up 13.8 per cent, according to the Shipping Gazette. 
The airline's consolidated passenger revenue was down 1.1 per cent to $8.7 billion year on year, a consolidated capacity decrease of 2.1 per cent. Its per available seat mile (PRASM) increased one per cent for the second quarter and its load factor increased to 84.7 per cent, the highest second quarter consolidated load factor in its history.
Its consolidated unit costs (CASM), holding fuel rate and profit sharing constant and excluding special charges and third-party business expense, increased 4.5 per cent year on year on a consolidated capacity (available seat miles) reduction of 2.1 per cent. Second-quarter consolidated CASM increased 0.7 per cent year-over-year.
"I'd like to thank our team for working through challenging weather. Our investments in customer service training and in our product are paying off," said UAL chief revenue officer Jim Compton. "For the second straight quarter, our unit revenue outperformed the industry."
The company increased its Dreamliner order to 65. United will be the North American launch customer for the Boeing 787-10. The company also converted its existing order for twenty-five A350-900s into A350-1000s and added an additional 10 aircraft to the order, totalling 35.
United expects delivery for both the 787-10 and A350-1000 beginning in 2018, enabling the airline to further modernise its international widebody fleet by replacing older, less efficient aircraft to reduce fuel and operating costs, enhance the customer experience and maximise network opportunities.



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