Tuesday, October 31, 2006

UAL POSTS $190 MILLION PROFIT

UAL Corp., parent of United Airlines, reported a $190 million net income for the third-quarter, putting together back-to-back profitable quarters for the first time in over six years. The company entered bankruptcy in in late 2002 and emerged in February of 2006. Some positive signs for UAL include being profitable despite high fuel prices, which caused an 8% increase in operating costs, and passenger revenue increased 10% on United's Atlantic flights despite the London terrorism scare in August.

WSJ.com

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