May 2014 Traffic Numbers are out
Jun 9, 2014, 2:30 pm
#1
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May 2014 Traffic Numbers are out
http://finance.yahoo.com/news/united...201500389.html
consolidated traffic (revenue passenger miles) increased 1.2 percent and consolidated capacity (available seat miles) increased 0.2 percent versus May 2013. UAL's May 2014 consolidated load factor increased 0.9 points compared to May 2013.
I'll let someone else interpret the impact for us...
consolidated traffic (revenue passenger miles) increased 1.2 percent and consolidated capacity (available seat miles) increased 0.2 percent versus May 2013. UAL's May 2014 consolidated load factor increased 0.9 points compared to May 2013.
I'll let someone else interpret the impact for us...
Jun 9, 2014, 2:34 pm
#2
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They're still trailing all their domestic competitors.... DAL was up 5.8% (and grew) AA up 2%...
They took down capacity a bit, CLE de-hubbing was probably a decent chunk of the downdraft, and of course, there were plenty of pre-scheduled trips that were moved to a lower-capacity situation, so I would guess the LF was positively impacted by that...
That, and their completion factor was down 0.6 pts y/y...
They took down capacity a bit, CLE de-hubbing was probably a decent chunk of the downdraft, and of course, there were plenty of pre-scheduled trips that were moved to a lower-capacity situation, so I would guess the LF was positively impacted by that...
That, and their completion factor was down 0.6 pts y/y...
Jun 9, 2014, 2:36 pm
#3
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Jun 9, 2014, 2:38 pm
#4
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Jun 9, 2014, 2:43 pm
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Jun 9, 2014, 3:12 pm
#6
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Most interesting to me about the release was what it does not contain - no change to the PRASM guidance of 1-3%. AAL reiterated 5-7 today, as did DL (I think they were 6-8) last week. So if the absence of a change in guidance indicates trending towards the original guidance, UAL will be massively underperforming DL/AAL this quarter
Jun 9, 2014, 3:14 pm
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Jun 9, 2014, 3:20 pm
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Jun 9, 2014, 3:21 pm
#9
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IMO, year over year PRASM numbers will be (artificially) high for all airlines in Q2 but especially Q3. fares for summer travel started high and have only gotten more ridiculous. that is, unless people do like me and just stay home.
Jun 9, 2014, 3:23 pm
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What's odd to me is that it isn't worse... EWR performance was horrible this month - they cancelled so many UEX flights from feeder cities it was a joke...
Most interesting to me about the release was what it does not contain - no change to the PRASM guidance of 1-3%. AAL reiterated 5-7 today, as did DL (I think they were 6-8) last week. So if the absence of a change in guidance indicates trending towards the original guidance, UAL will be massively underperforming DL/AAL this quarter
DL is reporting 5.8% increase in RPM on a ~3% increase in ASM, and DL @ 6-8% increase in PRASM, on the high end you're talking a 9-12% increase in total revenue. Since most of that is improved yield, DL will drop a lot more of that increase to the bottom line.
United on the other hand, has shrunk YTD in terms of ASMs and RPM, and was guiding 1-3%, which is optimistic. UA's 2Q revenue will be flat to up 1%, with higher costs. That's not going to help their bottom line.
Jun 9, 2014, 3:25 pm
#11
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That is UA + UX, cq? Got to be EWR runway issues.
76% OT plus completions down 0.6% plus YOY RPM increase way behind DL, AS and AA = more bad vibes in the Smisek bunker.
This news on the very day the WSJ slaps him around...
This cannot go on.
76% OT plus completions down 0.6% plus YOY RPM increase way behind DL, AS and AA = more bad vibes in the Smisek bunker.
This news on the very day the WSJ slaps him around...
This cannot go on.
Jun 9, 2014, 4:10 pm
#12
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Jun 9, 2014, 4:21 pm
#13
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Same with Virgin America a week earlier. They let us know that we needed to be out on the runway to make our slot. Everybody got aboard smartly and we pushed at -8.
Only doorknob United has problems moving equipment at one of their biggest hubs.
Jun 9, 2014, 4:27 pm
#14
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Unbelievable.
Jun 9, 2014, 4:33 pm
#15
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Yes, that's correct. But, I would think that if they were trending better than guidance, they would have raised the guidance, especially since by today they should have decent visibility into June as well. After all, last Q didn't they lower guidance around the same time as the March financial update?