United Airlines (UAL) has delivered two straight quarters of solid pre-tax margin growth and the highest second-quarter pre-tax income in the airline’s history.
United reported second-quarter net income of US$1.1 billion, pre-tax earnings of US$1.4 billion and pre-tax margin of 11.9%, expanding pre-tax margin 4.0 points versus the second quarter of 2018.
Total passenger revenue increased 6.1% versus the second quarter of 2018. Consolidated second-quarter passenger revenue per available seat mile (PRASM) increased 2.5% year-over-year. Consolidated second-quarter unit cost per available seat mile (CASM) decreased 0.4% year-over-year. Consolidated second-quarter CASM, excluding special charges, third-party business expenses, fuel and profit sharing, increased 0.6% year-over-year.
