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United Airlines posts higher passenger unit revenue

FILE PHOTO - Customers of United wait in line to check in at Newark International airport in New Jersey, November 15, 2012. REUTERS/Eduardo Munoz

NEW YORK (Reuters) - United Continental Holdings Inc (UAL.N) said on Tuesday passenger unit revenue rose 2.1 percent in the second quarter, but unit operating costs, excluding fuel, rose more than 3 percent as rising labor costs weighed on the industry.

The No. 3 U.S. airline by passenger traffic outperformed analysts' expectations on key financial metrics, posting adjusted earnings per share of $2.75, versus analysts' consensus forecast of $2.67.

Excluding special charges, United posted net income of $846 million and a pretax margin of 13.2 percent.

The solid financial results for the period ended on...


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