United Airlines reports a $770 million operating profit during the second quarter, helping drive an overall profit for the quarter.
Operating revenue was up 0.6% to $10 billion and operating expenses were down 1.4% to $9.23 billion during the period compared to a year earlier. Operating income rose 33.9%.
Net profit was $469 million after $52 million in special charges in the quarter. Net profit was $521 million excluding charges.
Charges during the first half include $18 million in costs associated with the Boeing 787 grounding and employee severance programme expenses.
"I'd like to thank our team for working through challenging weather and high load factors to deliver competitive on-time performance and customer service this quarter," says Jim Compton, vice chairman and chief revenue officer at Chicago-based United. "For the second straight quarter, our unit revenue outperformed the industry. Our investments in customer service training and in our product are paying off."
Passenger revenue per available seat mile (PRASM) rose 1% to 13.7 cents and costs per available seat mile (CASM) rose 0.7% to 14.59 cents during the period.
Traffic fell 1.7% and capacity 2.1%, resulting in a 0.4 percentage point increase in load factor to 84.7%.
United's return on invested capital rose 7.8% during the year ending 30 June.