Tags: US | Earns | UAL

United Air Parent UAL Posts $273 Million Profit

Tuesday, 20 Jul 2010 08:39 AM

The parent of United Airlines says it earned $273 million in the second quarter, its best result in almost three years.

UAL Corp.'s quarterly revenue rose 28.4 percent to $5.16 billion.

Several things improved for the nation's third-biggest airline. Passenger revenue rose more than 28 percent compared to the same period last year. Cargo revenue increased 57 percent.

The company finished the quarter with $5.17 billion in cash.

Not counting special charges, UAL said it would have earned $430 million, or $1.95 per share.

Analysts surveyed by Thomson Reuters were expecting a profit of $1.74 per share on revenue of $5.11 billion.

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The parent of United Airlines says it earned $273 million in the second quarter, its best result in almost three years.UAL Corp.'s quarterly revenue rose 28.4 percent to $5.16 billion.Several things improved for the nation's third-biggest airline. Passenger revenue rose...
US,Earns,UAL
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2010-39-20
Tuesday, 20 Jul 2010 08:39 AM
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