UAL Posts July Earnings of $6 Million
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UAL Corp., parent of United Airlines, said Thursday that it posted earnings of $6 million in July, with passenger unit revenue rising 1 percent while unit costs were flat during the period.
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United Airlines said in a bankruptcy-court filing yesterday that it eked out a $6 million net profit last month during the middle of the busy summer travel season.
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Bankrupt UAL Corp. (UALAQ.OB: Quote, Profile, Research) on Thursday reported a narrower third-quarter net loss. The parent of United Airlines posted a loss of $274 million, or
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Shares in United Airlines' parent company, UAL Corp., rose yesterday following a published report that it has retained Goldman Sachs Group Inc. to explore strategic options, including possible mergers with other carriers.
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Novell earned $23 million, or six cents a share, on revenues of $305 million in its fiscal third quarter ended July 31. It derived $12 million in revenues from its presumably unprofitable SUSE Linux business
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CHICAGO â The UAL Corporation, the parent of United Airlines, reported a quarterly loss on Tuesday, caused by fuel costs and economic weakness in the industry.
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The airline posts its first profit in three years.
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The airline reported profit of $241 on double-digit passenger revenue growth in every segment of its business except for domestic flights.
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Fourth-quarter earnings at the Industrial conglomerate  rose to 1.06 billion as sales rose across each of segments, with aerospace unit Sikorsky and Otis leading the way, the company said.
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Diversified manufacturer United  Technologies Corp. UTX.N posted a 13 percent rise in  quarterly profit on Wednesday and lifted the low end of its  full-year earnings forecast range, helped by strong demand for  Otis elevators and aerospace equipment.
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The pilots and flight attendants at bankrupt UAL Corp. on Monday ratified wage-cut deals worth &#36;311 million annually to United Airlines, possibly moving the carrier closer to a Chapter 11 exit.
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United Airlines is mulling plans to cut 6,000 jobs -- or 10 percent of its work force, according to the Financial Times. The move would allow the bankrupt carrier to cut annual operating costs by $655 million.
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UAL Corp  said on Friday its United Airlines unit doubled its fuel surcharge on most domestic U.S. flights to $10 from $5, to counter a recent rise in oil prices.
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SAN FRANCISCO (CBS.MW) - UAL Corp., the bankrupt parent of United Airlines, is seeking to slash another $2 billion in operating costs as it struggles to overcome record-high fuel costs and the lowest airfares in over a decade.
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Cash-strapped UAL Corp., parent of United Airlines, yesterday said that it would &quot;likely&quot; terminate its four pension plans as part of its efforts to further cut costs and emerge from bankruptcy.
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The airline said fourth-quarter net income rose to $111 million compared to a year-earlier profit of $57 million, But it warned that fuel costs in the current quarter will rise substantially.
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UAL Corp. on Monday won court approval  for wage cuts for United Airlines' pilots and flight attendants  worth $311 million annually, clearing a hurdle in its bid to  exit bankruptcy protection by the year-end.  The rulings by U.S. Bankruptcy Court Judge Eugene Wedoff move  United UALAQ.OB a step closer to achieving $725 million  in  annual labor savings it says it needs to exit Chapter 11.