United Continental posts $448 M Q1 loss

United Continental Holdings reported a $448 million net loss for the first quarter, compared with a $213 million net loss for the same period last year.

The loss includes $162 million in special costs "primarily" related to United's integration of Continental Airlines, according to the carrier.

United's average first-quarter one-way fare increased nearly 7% to $271.76.

Chief Revenue Officer Jim Compton during the carrier's earnings call said corporate revenues increased 10% year over year, with average corporate yield, a representation of average fare per mile, up 4%.

Source: Business Travel News

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