United Airlines Q1 2016 total revenue down 4.8% YoY

United Airlines (UAL) said that for the first quarter of 2016, total revenue was USD8.2 billion, a decrease of 4.8 percent year-over-year.

First-quarter 2016 consolidated passenger revenue per available seat mile (PRASM) decreased 7.4 percent and consolidated yield decreased 6.1 percent compared to the first quarter of 2015. The decline in PRASM continues to be driven by economic factors including a strong US dollar and lower oil prices.

In addition, the company experienced a larger-than-anticipated decrease in close-in business travel during the weeks surrounding the Easter holiday and spring break.

United Airlines and United Express operate an average of 5,000 flights a day to 336 airports across six continents. In 2015, United and United Express operated more than 1.5 million flights carrying more than 140 million customers. The common stock of United´s parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol UAL.