United Continental PRASM up in October

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Washington DC
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United Continental Holdings reports that consolidated passenger revenue per available seat mile (PRASM) increased by 0.5% to 1.5% during October compared with a year earlier.

Consolidated traffic decrease 3.3% and capacity 4.4%, resulting in a 0.9 percentage point increase in load factor to 82.9%. Passenger numbers decreased by 2.4% to 11.4 million in October.

Domestic traffic dropped 4.1% as capacity decreased 4.9%, resulting in a 0.7 percentage point increase in load factor to 85.7%

International traffic decreased 3.8% while capacity fell 4.5%, resulting in a 0.6 percentage point increase in load factor to 80.3%

Cargo revenue per mile fell 10.3% in October.

Superstorm Sandy cost United about $90 million in lost revenue and $35 million in profit during October. However, the storm boosted PRASM by about 1%.

The airline cancelled about 5,300 flights due to Sandy.