United posts 3% unit revenue growth in Q2

Washington DC
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United Continental Holdings reports that passenger revenue per available seat mile (PRASM) increased by 3% in the second quarter compared to a year earlier, in a stock exchange filing today.

The parent of United Airlines had previously estimated that PRASM grew by between 2.5% and 3.5% during the period.

The carrier also revised down its PRASM growth in June to 3.5% year-on-year from between 5% and 6%, which it reported earlier this month. The revision was due to an accounting adjustment.

United reports that it recorded a special charge of $206 million on merger related costs and voluntary severance payouts during the second quarter.