United reports 6.6% decrease in PRASM in 2Q2016, driven by strong US dollar and other factors

United Airlines stated (19-Jul-2016) consolidated passenger revenue per available seat mile (PRASM) decreased 6.6% year-on-year in 2Q2016, driven by factors including a strong US dollar, lower surcharges, travel reductions from customers impacted by declining oil prices, competitive actions and higher-yielding demand not keeping pace with industry capacity. The carrier also attributed a 1.6% decrease in consolidated unit cost (CASM), including surcharges, to lower oil prices, while consolidated CASM (excluding special charges) increased 2.5% year-over-year, driven largely by the impact of recently ratified labor agreements. [more - original PR - I] [more - original PR - II] [more - original PR - III]