United sets out priorities; revises Q” PRASM

In an investors’ call, Oscar Munoz, President and CEO, of United Continental, with Chief Revenue Officer Jim Compton update listeners upon the initiatives taken by the airline to improve the company’s financial performance. The airline group also revised its second-quarter consolidated passenger unit revenue (PRASM) in this year (2QFY16) to decline 6.5-7.5%, rather than a decline in the 6.5-8.5% range. The airline management set out their priorities for rebuilding trust with the airline’s employees and customers as well as for maintaining reliable operations while driving efficiency. They introduced three new initiatives they intends to deploy in order to achieve value.