United Continental Holdings reported a $538 million second-quarter net profit - Business Travel News

Share this page

Business Travel Supplier Directory

Text size: A A A

NewsLog
RSS

July 21, 2011 - 12:17 PM ET

United Continental Holdings reported a $538 million second-quarter net profit despite a 30 percent year-over-year increase in fuel costs on a pro-forma basis. Unit passenger revenue grew 9 percent year over year, while consolidated yield, a representation of average fare paid, increased 10 percent year over year, both on a pro-forma basis. Executives during an earnings call pointed to a strong pricing environment and stable corporate travel demand, despite what CEO Jeff Smisek called a "tepid economic environment in the U.S."

This page is protected by Copyright laws. Do Not Copy. Purchase Reprint

Leave your comment:

Comments

blog comments powered by Disqus
Related NewsLog
Travel management network Travel Solutions International last month appointed Paul Spencer as strategic sales manager.... read more »
Sabre teamed with TripAdvisor to provide to travel agents "in-depth, up-to-date seat and inflight amenity information" through the latter's SeatGuru resource.... read more »
Atlas Travel opened an office in London to better serve a "growing number" of clients based in the United Kingdom and Europe.... read more »
Hotel booking technology company Passkey launched a new hotel booking portal for meeting managers,... read more »
Serko announced that its online booking tool now accommodates traveler-initiated itinerary changes.... read more »
Travel Leaders Group announced the creation of a U.K. structure headquartered in London.... read more »
Worldwide hotel bookings through global distribution systems in February increased by 1.5 percent year over year,... read more »
The number of U.S. travel agency air transactions processed through ARC in February increased 3.4 percent year over year,... read more »
Orbitz for Business redesigned its mobile website... read more »
AirAsia and Travelport signed a distribution agreement that gives GDS subscribers access to 'all' of the airline's 'fares and ancillary services,'... read more »
Hickory Global Partners announced a new arrangement with TripScanner,... read more »