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United Airlines achieves record revenue as travel demand booms

After the deceleration caused by the COVID-19 outbreak due to the Omicron variant at the beginning of the year, travel needs has now increased again. Passenger traffic in the US has averaged about 89% of pre-pandemic levels since mid-February, according to US Transportation Security Administration (TSA) data.

Therefore, United Airlines said, it is expected that the airline air This is expected to be profitable this year. For the April-June 2022 quarter, the airline’s total revenue per available seat kilometer is expected to grow 17% year-over-year in 2019, translating to an adjusted operating margin of ten%.

Rival airline Delta Air Lines said last week that consumer demand was at “historically high” levels, leading to ticket sales reaching their highest levels.

United Airlines achieved record revenue as tourism demand exploded - Photo 1.

United Airlines aircraft at Newark Liberty International Airport, New Jersey, USA. (Photo: Reuters)

The strong increase in travel demand allows carriers to cope with rising fuel costs (fuel costs have increased by 20% in the past month).

United Airlines’ fuel costs in the first quarter of this year were 20% higher than in the fourth quarter of 2021, resulting in a slightly larger-than-expected loss.

Fuel is the second largest cost of the aviation industry after labor. However, the major US airlines do not have a hedging plan against volatile oil prices like most European airlines. Instead, US airlines often offset increased fuel costs by raising fares.

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