United Airlines said late Monday it’s expecting
second-quarter consolidated passenger unit revenue to rise by 26% to 27% when
compared to the same period last year.
American Airlines expects second-quarter unit revenue to rise
between 16.5 percent and 17.5 percent from a year earlier.
The airline said Tuesday in a Securities and Exchange Commission
filing that revenue from cargo and other services will rise between 11.8 and
12.8 percent compared with the second-quarter of 2009.
Parent AMR Corp. expects to end the second quarter with a cash
and short-term investment balance of approximately $5.5 billion.
Revenue from corporate travel on US Airways has jumped 50
percent from its lows last year, but it’s still not back to pre-recession
levels, the airline’s president said on Tuesday.
Airlines have not been successful with large-scale fare
increases, although some isolated increases have taken hold, US Airways Group
Inc. President Scott Kirby said at an investor conference in New York. But with
more corporate travelers flying, the amount the airline collects per passenger,
per mile, has risen 30 percent.
US Airways still operates with separate pilot and flight
attendant groups — one from the old US Airways, one from America West, which
bought US Airways in 2005. Some America West pilots have sued their union in a
dispute over the way it plans to integrate their ranks.
Kirby said that operating with separate pilot groups costs the
airline about $10 million per year. But any savings from integrating the pilots
will be more than erased by raises, he said.
“The financials will be negative, but we are anxious to get
something done,” he said.