United Airlines December revenue up 12.5 percent

Published on NewsOK Modified: January 8, 2014 at 5:20 pm •  Published: January 8, 2014
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CHICAGO (AP) — United Airlines said per-seat revenue rose as much as 12.5 percent in December as it benefited from flight cancellations and adjustments for tickets involving other airlines.

Other airlines have noted a benefit from the unusually late Thanksgiving, which had travelers returning home in December at the end of the holiday weekend. Earlier Wednesday, Southwest Airlines reported a gain of as much as 15 percent in December revenue for each seat flown one mile. Last week Delta said that revenue rose 10 percent, which was a bigger gain than it had expected.

United said traffic grew 4.1 percent in December, and was strong throughout the month. The revenue for each seat flown one mile rose an estimated 11.5 percent to 12.5 percent, more than United had originally expected, because traffic grew and United collected more from passengers.

In a perverse bit of airline financial logic, it also benefited from canceling more than 1,200 flights because of December storms. That's because the cancellations meant it flew fewer seats around, boosting its per-seat revenue for the remaining seats.

The storms and the accounting for tickets involving other airlines boosted the monthly revenue figure by 2.5 percentage points, United said.

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