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United expects 26%-27% increase in 2Q2010 unit revenue

15-Jun-2010 2:08 PM

United Airlines stated it expects unit revenue (per ASM) to increase by 26%-27% in 2Q2010, following a 19% year-on-year increase in 1Q2010 (Reuters, 14-Jun-2010). Capacity (ASKs) in the second quarter is expected to increase 0.9% on a consolidated basis, after previously (in late Apr-2010) forecasting a capacity increase of up to 1.3% in the quarter. The carrier added that it expects to end 2Q2010 with an unrestricted cash balance of approximately USD4.8 billion.