United Continental Holdings, Inc. (UAL: Quote), the holding company of United Airlines and Continental Airlines, announced Wednesday a 2.8 percent decline in consolidated traffic for July 2012, on a 2.1 percent drop in capacity. The consolidated load factor for the month also edged down 0.6 percentage points over the prior year.
The Chicago, Illinois-based airline's consolidated traffic for July declined 2.8 percent to 19.91 billion revenue passenger miles or RPMs, from 20.48 billion RPMs in the same period last year. Mainline traffic decreased 3.3 percent, while regional traffic grew 1.2 percent for the month.
Consolidated capacity, measured in available seat miles or ASMs, decreased 2.1 percent to 23.0 billion from 23.49 billion in the prior-year. Mainline capacity declined 2.3 percent, and regional capacity edged down 0.6 percent year-over-year.
United Continental's consolidated passenger load factor edged down 0.6 percentage points to 86.6 percent from 87.2 percent in the prior year. Mainline load factor dropped 0.9 percentage points, while regional load factor grew 1.5 percentage points.
Total onboard passengers for the month of July decreased 2.2 percent to 13.37 million from last year's 13.67 million.
For July 2012, consolidated passenger revenue per ASM or PRASM, is estimated to have remained flat compared to last year.
Continental Airlines reported July on-time performance of 64.1 percent, down 10.2 percentage points, and the airline flight-completion factor edged down 0.6 percentage points to 97.9 percent.
United Air Lines, Inc. and Continental Airlines Inc. completed their merger in October 2010, creating the world's largest airline United Continental Holdings Inc. (UAL). The companies agreed to the merger early May 2010 in an all-stock transaction deal valued at more than $3 billion.
In Wednesday's regular trading session, UAL is currently trading at $18.20, down $0.22 or 1.19% on a volume of 0.12 million shares.
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by RTT Staff Writer
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