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United Continental's Traffic in May Rises, Load Factor Falls
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United Continental Holdings, Inc. (UAL - Free Report) ,the Chicago-based parent company of United Airlines posted traffic numbers for the month of May. Traffic – measured in revenue passenger miles (RPMs) – was 18.5 billion, up 2.6% from 18 billion recorded a year ago.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) inched up 3.7% to 22.7 billion. Consequently, load factor (percentage of seats filled by passengers) decreased to 81.6% from 82.5%, a year ago. This was because capacity expansion outpaced traffic growth.
At the end of the first five months of 2017, the carrier has recorded a 3.3% increase in RPMs to 83.7 billion, while ASMs grew 3.1% to 103.6 billion, both on a year-over-year basis. Load factor increased 20 basis points to 80.8% in the period as traffic growth outpaced capacity expansion.
The company posted an on-time performance of 70.3% and a completion factor of 99.8% for May. According to United Airlines President Scott Kirby, the carrier was the top performer in the industry for on-time departures in May for a second consecutive month.
Second-Quarter Guidance
The company’s expectation for consolidated passenger unit revenue in second-quarter 2017 remains unchanged at an increase of 1% to 3%, compared to the second quarter of 2016.
Shares of Air France-KLM, Deutsche Lufthansa and Hawaiian Holdings gained above 67%, 39% and 23% over a period of three months.
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United Continental's Traffic in May Rises, Load Factor Falls
United Continental Holdings, Inc. (UAL - Free Report) , the Chicago-based parent company of United Airlines posted traffic numbers for the month of May. Traffic – measured in revenue passenger miles (RPMs) – was 18.5 billion, up 2.6% from 18 billion recorded a year ago.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) inched up 3.7% to 22.7 billion. Consequently, load factor (percentage of seats filled by passengers) decreased to 81.6% from 82.5%, a year ago. This was because capacity expansion outpaced traffic growth.
At the end of the first five months of 2017, the carrier has recorded a 3.3% increase in RPMs to 83.7 billion, while ASMs grew 3.1% to 103.6 billion, both on a year-over-year basis. Load factor increased 20 basis points to 80.8% in the period as traffic growth outpaced capacity expansion.
The company posted an on-time performance of 70.3% and a completion factor of 99.8% for May. According to United Airlines President Scott Kirby, the carrier was the top performer in the industry for on-time departures in May for a second consecutive month.
Second-Quarter Guidance
The company’s expectation for consolidated passenger unit revenue in second-quarter 2017 remains unchanged at an increase of 1% to 3%, compared to the second quarter of 2016.
United Continental Holdings, Inc. Price
United Continental Holdings, Inc. Price | United Continental Holdings, Inc. Quote
Zacks Rank & Key Picks
United Continental currently carries a Zacks Rank #1 (Strong Buy). Some other favorably ranked stocks in the industry are Air France-KLM SA (AFLYY - Free Report) , Deutsche Lufthansa AG (DLAKY - Free Report) and Hawaiian Holdings, Inc. . All sport a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air France-KLM, Deutsche Lufthansa and Hawaiian Holdings gained above 67%, 39% and 23% over a period of three months.
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>