United Narrows Its Loss Despite High Fuel Costs
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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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AMR, the parent of American Airlines, posted a smaller-than-expected fourth-quarter loss on Wednesday, but the results showed the industryâs continuing vulnerability to high fuel costs.
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Major U.S. airlines on Tuesday rolled back a fuel surcharge increase aimed at offsetting soaring oil prices as consumers balk at higher fares, and worries over the health of the economy grow.
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UAL Corp. posted a third-quarter net loss of $274 million, joining the long list of air carriers felled by high fuel prices and depressed fares in what is usually the sector&#39;s strongest period.
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MAN UNITED&#39;S share price has fallen by just over 2.5%, less than expected after the resignation of Malcolm Glazer&#39;s bankers JP Morgan.
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Air Canada  reported a narrower operating loss in the fourth quarter on Friday, as the country's biggest airline enjoyed stronger passenger revenues.
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Delta Air Lines Inc. DAL.N on  Thursday posted a sharply wider fourth-quarter loss as it  struggled with high fuel prices and low fares, and analysts  warned of an even bigger loss in the first quarter of 2005,  sending its shares down over 10 percent.
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OCTOBER 06, 2004 -- United Airlines today said it is reallocating resources around its global network to emphasize international routes, while substantially slimming down domestic mainline operations.
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The carrier said it was hampered by high fuel prices in the fourth quarter but was able to post a narrower loss, $70 million compared to a loss of $1.98 billion a year earlier,  on a solid increase in sales.
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Bankrupt UAL Corp. (UALAQ.OB: Quote, Profile, Research) , parent of United Airlines, on Tuesday reported a net loss of $114 million, including $14 million in reorganization expenses.
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MONTREAL -- Despite a jump of 19 per cent in world air traffic so far this year, airlines are expected to lose as much as $4 billion US in 2004 due to high fuel costs, says the International Air Transport Association.
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US Airways Group Inc. and UAL Corp.&#39;s United Airlines, both operating under bankruptcy court protection, reported losses in the third quarter yesterday, blaming record high fuel prices
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United Airlines parent UAL Corp. reported a $53 million loss for the fourth quarter Tuesday on a sharp rise in the price of fuel and bad weather that forced a raft of holiday flight cancellations.
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The airline industry is expected to lose as much as $4-b in 2004 due to the high fuel costs, despite an increase of about 19% in international passenger traffic so far this year.
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Story in full MANCHESTER United, widely regarded as the worldâs most profitable football club, today announced that their annual profit had slipped to Â£27.
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The company posted a wider-than-expected fourth-quarter loss, burdened by a 35 percent jump in its fuel bill.
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Continental Airlines (CAL.N: Quote, Profile, Research) on Tuesday posted a third-quarter loss, reversing a year-earlier profit amid record-high fuel prices, and warned