United-Continental unit revenues grow slightly in February

Washington DC
This story is sourced from Pro
See more Pro news »

United-Continental has posted a 1.5% to 2.5% growth in passenger revenue per available seat mile (PRASM) for February.

The Star Alliance carrier says this was "adversely affected" by about six percentage points due to accounting adjustments in 2011, a much improved completion factor and the move to a single inventory management and optimising system as a result of the merger between the two carriers.

The airline's passenger traffic rose 3.4% in February and capacity was up 5.4%. United-Continental posted a 1.4 percentage point decline in load factor to 74.6%

It says, however, that demand is improving and is in line with the airline's expectations. "March advance seat factor is up modestly year-over-year," it adds.