United Airlines is seeing strong revenue growth and an increasing number of flyers booking first class seats. This in turn has proved to be a huge win for the airline industry as a whole and has sent stocks like Delta and US Airways soaring.
Check out these gains of some popular airlines:
- UAL Corporation (UAUA): $18.79 / +7.15%
- Southwest Airlines (LUV): $12.72 / +1.35%
- US Airways Group (LCC): $7.67 / +4.78%
- Delta Air Lines (DAL): $12.95 / +3.35%
- AirTrain Holdings (AAI): $5.15 / +3.83%
Marketwatch reports that United is seeing big gains in the amount of passenger’s it’s booking this year:
On Tuesday, United Airlines told analysts in New York that its revenue recovery in 2010 has so far outpaced the industry, thanks to a nice bump in international premium-class bookings and revenue from its corporate customers.
For February, passenger unit revenue grew 18% from a year ago, versus 10.5% growth in January, according to the Chicago-based airline operator. Though industry comparisons aren’t yet available for February, January growth beat the industry by seven points.
Business Insider Emails & Alerts
Site highlights each day to your inbox.