10-Oct-2011 1:41 PM

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%;
  • 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.