http://biz.yahoo.com/ap/051123/ual_results.html?.v=2
UAL Reports $698 Million Net Loss for Oct.
Wednesday November 23, 2:05 pm ET
UAL Reports $698 Million Net Loss for Oct. As It Nears Completion of Overhaul in Bankruptcy
ELK GROVE VILLAGE, Ill. (AP) -- United Airlines' holding company reported a $698 million net loss Wednesday for the month of October, continuing to lose money as it nears the completion of a nearly three-year-old overhaul in bankruptcy.
UAL Corp. said the loss consisted mostly of $584 million in reorganization expenses that resulted largely from the termination of its pilots' defined-benefit pension plan. It blamed the rest of the deficit on a 53 percent rise in fuel prices from October 2004 that caused the company to spend $169 million more on fuel than it did a year earlier.
The operating loss for the month was $71 million, compared with $65 million in the same period of 2004.
UAL Reports $698 Million Net Loss for Oct.
Wednesday November 23, 2:05 pm ET
UAL Reports $698 Million Net Loss for Oct. As It Nears Completion of Overhaul in Bankruptcy
ELK GROVE VILLAGE, Ill. (AP) -- United Airlines' holding company reported a $698 million net loss Wednesday for the month of October, continuing to lose money as it nears the completion of a nearly three-year-old overhaul in bankruptcy.
UAL Corp. said the loss consisted mostly of $584 million in reorganization expenses that resulted largely from the termination of its pilots' defined-benefit pension plan. It blamed the rest of the deficit on a 53 percent rise in fuel prices from October 2004 that caused the company to spend $169 million more on fuel than it did a year earlier.
The operating loss for the month was $71 million, compared with $65 million in the same period of 2004.
