United Continental reports September traffic up 3.9%
UAL's September consolidated traffic increased 3.9% and consolidated capacity increased 3.6% versus September 2015. UAL's September 2016 consolidated load factor increased 0.3 points compared to September 2015. The company now expects third-quarter consolidated passenger unit revenue to decline 5.5%-6% compared to the third quarter of 2015. The year-over-year performance was primarily impacted by a strong U.S. dollar, lower surcharges, travel reductions from customers impacted by lower oil prices, competitive actions and passenger demand not growing at the same pace as industry capacity. The company's consolidated passenger unit revenue result was near the top end of the initial guidance range largely due to better than expected September close-in bookings driven by the timing of certain holidays.