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United Continental's October Traffic Up, Load Factor Down
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United Continental Holdings, Inc. (UAL - Free Report) reported traffic numbers for October. Traffic, measured in revenue passenger miles (RPMs), was 18.05 billion, up 1.7% from the year-ago figure.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) climbed 3.4% to 22.26 billion. However, load factor (percentage of seats occupied by passengers) decreased 130 basis points (bps) to 81.1% as capacity expansion outpaced traffic growth.
At the end of the first 10 months of 2017, the carrier registered a 2.6% rise in RPMs to 181.16 billion while ASMs increased 3.3% to 219.62 billion, both on a year-over-year basis. Load factor contracted 50 bps to 82.5% as capacity growth exceeded traffic expansion.
The company posted an on-time performance of 74% and a completion factor of 99.7% for October.
The company’s prediction for fourth-quarter 2017 consolidated passenger unit revenues remains unchanged at a decline of 1-3%.
The carrier recently reported third-quarter earnings numbers. Despite recent successive hurricanes, United Continental reported better-than-expected earnings and revenues in the quarter. The bottom line was however, 28.6% lower than the year-ago figure due to higher costs. The top line too declined marginally on a year-over-year basis.
Other key airline players like JetBlue Airways (JBLU - Free Report) and Hawaiian Holdings (HA - Free Report) have also released third-quarter financial numbers. While JetBlue surpassed both earnings and revenues in the quarter, Hawaiian Holdings reported mixed results. Hawaiian Holdings reported better-than-expected earnings but lower-than-expected revenues.
Shares of International Consolidated Airlines have surged 44.5% in a year.
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United Continental's October Traffic Up, Load Factor Down
United Continental Holdings, Inc. (UAL - Free Report) reported traffic numbers for October. Traffic, measured in revenue passenger miles (RPMs), was 18.05 billion, up 1.7% from the year-ago figure.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) climbed 3.4% to 22.26 billion. However, load factor (percentage of seats occupied by passengers) decreased 130 basis points (bps) to 81.1% as capacity expansion outpaced traffic growth.
At the end of the first 10 months of 2017, the carrier registered a 2.6% rise in RPMs to 181.16 billion while ASMs increased 3.3% to 219.62 billion, both on a year-over-year basis. Load factor contracted 50 bps to 82.5% as capacity growth exceeded traffic expansion.
The company posted an on-time performance of 74% and a completion factor of 99.7% for October.
The company’s prediction for fourth-quarter 2017 consolidated passenger unit revenues remains unchanged at a decline of 1-3%.
The carrier recently reported third-quarter earnings numbers. Despite recent successive hurricanes, United Continental reported better-than-expected earnings and revenues in the quarter. The bottom line was however, 28.6% lower than the year-ago figure due to higher costs. The top line too declined marginally on a year-over-year basis.
Other key airline players like JetBlue Airways (JBLU - Free Report) and Hawaiian Holdings (HA - Free Report) have also released third-quarter financial numbers. While JetBlue surpassed both earnings and revenues in the quarter, Hawaiian Holdings reported mixed results. Hawaiian Holdings reported better-than-expected earnings but lower-than-expected revenues.
United Continental Holdings, Inc. Price
United Continental Holdings, Inc. price | United Continental Holdings, Inc. Quote
Zacks Rank & Key Pick
United Continental carries a Zacks Rank #3 (Hold). A better-ranked stock in the airline space is International Consolidated Airlines Group SA (ICAGY - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of International Consolidated Airlines have surged 44.5% in a year.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>