United Q2 revenue improves on forecast

United Continental Holdings has released its results for Q2 that indicate revenue per seat mile rose by 3.5%, which is higher than its forecast of between 1% and 3% for the period. Following the announcement, United shares rose 6.7% to $42.75 in extended trading. Deutsche Bank analyst Michael Linenberg commented on the results, saying: “Is United management being too conservative given some of its revenue misses over the past several quarters? Or is the company facing some unique headwinds?” Linenberg commented that the company was potentially being cautious as it adjusted its revenue management practices and held back seats to