United Airlines (UAUA) Reports Increase in January Traffic
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United Airlines (Nasdaq: UAUA) reported its preliminary consolidated traffic results for January 2010. Total consolidated revenue passenger miles (RPMs) increased in January by 2.4% on a decrease of 2.0% in available seat miles (ASMs) compared with the same period in 2009. This resulted in a reported January 2010 consolidated passenger load factor of 78.5%, an increase of 3.4 points compared to 2009.
For January 2010, United reported a U.S. Department of Transportation on-time arrival rate of 83.6%.
For January 2010, consolidated passenger revenue per available seat mile (PRASM) is estimated to have increased 9.5% to 11.5% year over year. Consolidated PRASM is estimated to have increased 2.0% to 4.0% for January 2010 compared to January 2008. Given the significant volatility in the revenue environment in 2009, management believes investors will find the year-over-two-year comparison to be useful.
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