Growth of corporate demand continues with United Airlines in 2017

Published on : Friday, January 20, 2017

Pilots of United Airlines arrestedUnited Airlines saw a rise in the corporate flying demands in 2016 and its push continued in the first weeks of 2017 as well. Both demand and pricing picked up for the airlines as the executives said that during the carrier’s earnings call.

 

Passenger revenue increased 0.4 percent year over year to $7.8 billion during the quarter, and yield declined 0.3 percent. However, following the U.S. presidential election, the demand for corporate travel maintained its positive growth as said by United president Scott Kirby.

 

Traffic rose 1.6 percent and capacity increased 2 percent. Load factor declined 0.3 percentage points to 82.4 percent.

 

A net income of $397 million was reported by United for the quarter, down from $823 million in the fourth quarter of 2015. Net income for the full-year 2016 was $2.3 billion, down from $7.3 billion in 2015. The decline stemmed largely from a tax-related benefit in 2015.

 

According to the carrier, 2016 was United’s best year in its history in terms of operations. On-time performance improved 3.2 percentage points to 81.3 percent, and United’s completion factor improved 0.3 percentage points to 99 percent.

Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 01 AIME 2018 BB
  • 02 WTM Latin America 2018
  • 03 EMITT 2018
  • 04 AIME-2018 small
  • 05 itb-china 2018
  • 06 Central & Eastern Europe 2018
  • 06 imtm 2018
  • 06 TTF-2018
  • 07 balttour 2018
  • 07 ibtm arabia 2018
  • 08 mice-arabia 18
  • 09 The hotel shows audiarabia 18
  • 10 hotelfair 2018
  • 10 miceforum 18
  • 11 Digital Travel 2018
  • 30 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com