United Reports June 2012 Operational Performance
CHICAGO, July 9, 2012 /PRNewswire/ — United Continental Holdings, Inc. (NYSE: UAL) today reported June 2012 combined operational results for its airline units.
UAL’s consolidated traffic (revenue passenger miles) in June 2012 increased 0.1 percent and consolidated capacity (available seat miles) decreased 0.3 percent versus June 2011. The company’s consolidated load factor in June 2012 increased 0.4 points compared to June 2011.
UAL’s June 2012 consolidated passenger revenue per available seat mile (PRASM) increased an estimated 5.0 to 6.0 percent compared to June 2011. As previously noted in its Investor Update issued June 28, 2012, the company recorded an out-of-period adjustment in June 2012 related to a business interruption claim from the 2011 Japanese earthquake and tsunami. This increased June 2012 year-over-year PRASM growth by approximately one percentage point. Subsequent to that, the company recorded an accounting adjustment related to a reconciliation of its air traffic liability for prior periods, which offset the proceeds from the business interruption claim.