The airline announced that it expects second-quarter unit revenue to be up 3.5% from the year-ago quarter, above its previous forecast of an increase of 1% to 3%. United said it expects second-quarter unit cost excluding fuel and special items to be flat as opposed to its earlier forecast of an increase of 1.25% to 2.25%.
United also announced results for June, saying available seat miles increased 0.8% from the year-ago month. Consolidate load factor fell 0.6 point to 87.1% for the month.
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TheStreet Ratings team rates UNITED CONTINENTAL HLDGS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate UNITED CONTINENTAL HLDGS INC (UAL) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins."