UAL Offers June, Q2 Metrics, Guidance
United Continental (NYSE: UAL) shares are up about 6.5 percent Wednesday afternoon as the carrier said its consolidated passenger revenue per available seat mile increased more than forecast in the second quarter.
The Chicago-based airline said PRASM rose 3.5 percent compared with 2013's second quarter. Traffic for June was unchanged on a year-over-year basis while capacity was up 0.8 percent.
United Continental said, in a U.S. regulatory filing, the improvement in PRASM was because of better results in the Pacific and domestic regions.
Looking ahead into further metrics for the second quarter, UAL is expecting cargo sales in the range of $220-$240 million and other sales of $1.1-$1.12 billion.
Shares of United Continental last traded at $42.65 after closing at $40.07.
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