United Airlines Q2 Profit Lower As Jet Fuel Prices Spike

By Paul Riegler on 17 July 2018
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DSC_0295United Airlines announced financial results for the second quarter of 2018.

The Chicago-based airline said its net income fell by 16.7% to $684 million from $821 million in the same period in 2017, despite an 8% increase in revenue.

The airline blamed the rising cost of jet fuel for the drop. It said to expect ticket prices to rise through September and also reduced its planned growth for the rest of the year, also due to the cost of fuel.

Revenue for the quarter was $10.78 billion, an 8% increase over Q1 2017.
The airline’s consolidated passenger revenue per available seat mile, or Prasm, was up 3%.

(Photo: Accura Media Group)

Accura News

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