How Did United Perform Operationally In August?
United Continental (NYSE:UAL) managed to report increases across the board in most of its key metrics, surpassing industry averages in several areas for the month of August. The month recorded a welcome 2.3% growth in traffic (revenue passenger miles) y-o-y, while the consolidated capacity (available seat miles) increased at 2.4% in comparison to the same month last year. Load factor was hurt marginally and came in lower by 20 basis points at 85.3%.
Apart from this, the company managed to record best in-industry on-time departures and arrivals figures, as well as the fewest flight cancellations for the month. This marks the fifth consecutive month of achieving this feat in the year.
That said, Hurricane Harvey has hurt operations in August, while September operating metrics are expected to come in lower on the back of operational disruption because of Hurricane Irma. We can expect to learn more regarding the adverse impacts of the two storms on the Q3 results in the coming weeks.
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Notes:
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2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for United Continental
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