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Tuesday, July 22, 2008

UA Express Posts Losses

United Express operations took in $797 million in passenger revenue, up 0.9 percent during the second quarter but cost $847 million in expenses, up 15.6 percent. United said that Express capacity will drop -0.5 percent to +0.5 percent in the third quarter and between -3.5 percent to -2.5 percent in the fourth quarter for a full year increase of 2.0 percent to 1.0 percent. It also expects Express operations to increase 6.5 percent to 7.5 percent in 2009. For a complete report see the next issue of Regional Aviation News.
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