United passenger revenue outpaces others

Posted March 9, 2010 at 8:59 a.m.

Associated Press | United Airlines is seeing passenger revenue
rise faster than the rest of the airline industry, with business travel
and other high-end fares picking up.

The carrier said on Tuesday that January passenger revenue for each
mile it flew rose 10.5 percent. That gain is three times bigger than
the airline industry as a whole.


Chief Financial Officer Kathryn Mikells says revenue from corporate
travelers rose 13 percent in February. And sales of premium seats on
international flights jumped 25 percent that month.

Still, Mikells says it may take another year for demand to return to pre-recession levels.

Shares of United parent UAL Corp. rose $1.36, or 7.8 percent, to $18.88 in morning trading.

 

One comment:

  1. jane March 9, 2010 at 10:19 a.m.

    I would fly more if the flights were not so expensive. The flights have increased in price over 50% from what I took 2 years ago. So I dont go as much.