United Airlines reports second-quarter 2017 net income of US$818m

United Airlines (UAL) has released its second-quarter 2017 financial results. UAL reported second-quarter net income of US$818m, pre-tax earnings of US$1.3bn and pre-tax margin of 12.7%. Excluding special charges, UAL reported second-quarter net income of US$846m, pre-tax earnings of US$1.3bn and pre-tax margin of 13.2%. For the second quarter of 2017, revenue was US$10.0bn, an increase of US$604m or 6.4% year-over-year. Second-quarter 2017 consolidated passenger revenue per available seat mile (PRASM) was up 2.1% and consolidated yield increased 2.0% compared to the second quarter of 2016. Cargo revenue was US$254m in the second quarter of 2017, an increase of 22.1% year-over-year due primarily to higher volumes across the system.