United Continental pax down 3% in Sep-2011, PRASM jumps
United Continental Holdings reports (07-Oct-2011) the following traffic highlights in Sep-2011:
- Passenger numbers: 11.3 million, -2.6% year-on-year;
- Passenger traffic (RPMs): -1.7%;
- Domestic: -2.5%;
- International: -1.3%;
- Trans-Atlantic: -2.1%;
- Asia Pacific: -3.6%;
- Latin America: +8.5%;
- Passenger load factor: 82.8%, -0.5 ppt;
- Domestic: 84.7%, +1.2 ppt;
- International: 82.2%, -2.4 ppts;
- Trans-Atlantic: 85.0%, -0.9 ppt;
- Asia Pacific: 80.8%, -4.2 ppts;
- Latin America: 76.5%, -2.3 ppts. [more - original PR]
United Continental Holdings: "United and Continental's Sep-2011 combined consolidated and mainline passenger revenue per available seat mile (PRASM) increased an estimated 11.0 to 12.0% and 10.5 to 11.5%, respectively, as compared to the pro forma results from Sep-2010. As with June 2011 results, the impact of the trans-Atlantic joint venture revenue-sharing agreement, which is accounted for as Passenger Revenue and for the third quarter is entirely recorded in the month of September, reduced the company's Sep-2011 year-over-year PRASM growth. Adjusting for the impact of the trans-Atlantic joint venture-related revenue adjustment in Sep-2010, the company estimates Sep-2011 consolidated PRASM increased approximately 13.0 to 14.0% year-over-year," Company statement. Source: United Continental Holdings, 07-Oct-2011.