UAL shares rise after quarterly results beat expectations

10/20/2009 | Reuters · Chicago Tribune (tiered subscription model)

United Airlines parent corporation UAL reported a third-quarter loss of $57 million to beat analysts' expectations. Shares of UAL jumped 9%. UAL and the broader airline industry have had to deal with deteriorating demand and volatile fuel costs over the past year. The company also said it expects a 0.5% drop in 2009 mainline unit costs, not including fuel, certain accounting charges and profit sharing.

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Reuters · Chicago Tribune (tiered subscription model)

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