United Continental turns in efficient Q1

• United Continental (NASDAQ:UAL) reports passenger revenue per available seat mile rose 0.4% in Q1 as booked revenue outpaced capacity increases.
• The company saw its strongest revenue growth in Latin America with a 9.4% rise to $747M.
• U.S. revenue +1.2% to $2.951B.
• Operating expenses -13.2% to $1.19B with the aircraft fuel expense category down 36% Y/Y during the quarter.
• Previously: United Continental beats by $0.08, misses on revenue
• UAL +0.85% premarket.