United Continental’s traffic rises in March but load factor slips

United Continental Holdings Inc. late Monday said its March traffic rose 3% to 17.61 billion revenue passenger miles from a year earlier. A revenue passenger mile is equal to one passenger flown one mile. Total capacity last month increased 3.4% to 21.66 billion available seat miles. However, load factor, or the percentage of available seats filled with passengers, fell 0.3% to 81.3%. The data release comes amid mounting negative publicity for the airline over an incident in which a passenger had to be forcibly removed from an overbooked United flight. Shares of United slipped 0.2% after hours.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply