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United Continental Arm Posts Robust July Traffic Statistics

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United Continental Holdings, Inc .'s UAL wholly owned subsidiary, United Airlines, reported impressive traffic figures for July. Consolidated traffic, measured in revenue passenger miles (RPMs), was 23 billion, up 6.9% from the year-ago figure.

On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) rose 4% to 25.76 billion. Also, load factor (percentage of seats occupied by passengers) expanded 240 basis points (bps) to 89.3% as traffic was higher than capacity growth.

At the end of the first seven months of 2018, the carrier registered a 5.8% increase in RPMs to 132.8 billion while ASMs climbed 4.2% to 158.44 billion, both on a year-over-year basis. Thus load factor inched up 130 bps to 83.8%.

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United Continental Holdings, Inc. Price | United Continental Holdings, Inc. Quote

The company posted an on-time performance of 62.3% and a completion factor of 99.3% for the month.

Last month, this Zacks Rank #3 (Hold) company released impressive second-quarter 2018 financial numbers wherein both earnings and revenues surpassed estimates as well as improved year over year. The company's earnings (excluding 75 cents from non-recurring items) of $3.23 per share outpaced the Zacks Consensus Estimate of $3.07 and ascended 17% year over year owing to higher revenues. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Operating revenues came in at $10,777 million, outpacing the Zacks Consensus Estimate of $10,702 million and growing 7.7% year over year. (Read more: United Continental Beats on Q2 Earnings, Raises View )

Key airline players, namely American Airlines Group Inc. AAL , Southwest Airlines Co. LUV and Alaska Air Group, Inc. ALK also recently posted their second-quarter financial figures. Each of the carriers beat on earnings but missed on revenues.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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