UPDATE 1-UAL accounting change to boost revenue-filing

* Says accounting change boosted March unit revenue growth

* UAL shares rise 1.2 percent

NEW YORK, April 23 (BestGrowthStock) – The parent of United
Airlines said a new way of accounting for unused frequent flier
miles boosted its incremental passenger revenue estimate for
the first quarter by $64 million, according to a regulatory
filing on Friday.

The boost came after new data showed a larger-than-expected
number of frequent flier miles were set to expire. The company
recognizes revenue from expired miles, referred to as

The UAL Corp (UAUA.O: ) unit said the added revenue would
boost March unit revenue growth by 2 percentage points.

Earlier this month, the company said March consolidated
unit revenue rose between 21.5 percent and 23.5 percent.

United said it expected a similar incremental impact in
other quarters this year, according to Friday’s filing.

The announcement comes after US Airways (LCC.N: ) pulled out
of merger talks with United, paving the way for a tie-up
between United and Continental Airlines (CAL.N: ).

United and Continental are mulling a stock-for-stock merger
with no premium, creating a company valued at about $6.6
billion, a source familiar with the matter said Thursday.

UAL shares were up 1.2 percent at $21.97 in morning trading
on Nasdaq, while Continental was up 2.1 percent at $21.88 on
the New York Stock Exchange. US Air rose 2 percent to $6.60.

Stock Market Money

(Reporting by Deepa Seetharaman; Editing by Lisa Von Ahn)

UPDATE 1-UAL accounting change to boost revenue-filing