United Airlines Sees Passenger Revenue Rise
March 11, 2010 | Airline Flight, Airline Service, United Airlines
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.
source : AP
