United Continental Holdings releases forward-looking information for 2Q2013

United Continental Holdings, parent of United Airlines, has released (27-Jun-2013) an investor update on forward-looking information for 2Q2013 and full year 2013:

• Capacity:
  • 2Q2013 consolidated system available seat miles (ASMs) is expected to decrease 2.1% as compared to the same period in the prior year. United estimates its second quarter 2013 consolidated domestic ASMs to decrease 2.5% and consolidated international ASMs to decrease 1.5% year-over-year.
• Revenue:
  • 2Q2013 consolidated passenger revenue per available seat mile (PRASM) to increase between 0.3% and 1.3% versus 2Q2012. United expects 2Q2013 cargo and other revenue to be between USD1.30-1.35 billion.
• Fuel expense:
  • UAL estimates its consolidated fuel price, including the impact of cash-settled hedges, to be USD3.04 per gallon for 2Q2013 based on the forward curve as of 20-Jun-2013. [more - original PR]