United beats estimates, looks for "return to profitability"

10/22/2008 | Air Transport World · Airwise · TheStreet.com

UAL Corp. posted better-than-expected results for the third quarter, despite fuel contracts that resulted in a non-cash net loss of more than $500 million. Excluding non-cash accounting items, United lost $252 million, or $1.99 per share. "In this environment of falling oil prices, we at United see the opportunity to return to profitability," CEO Glenn Tilton told analysts on a conference call.

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Air Transport World · Airwise · TheStreet.com

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