United Airlines parent narrows loss in 1Q
Chicago-based United Continental Holdings, the world's largest airline company, lost $417 million, or $1.26 per share in the first three months of the year. That compares with a net loss of $448 million, or $1.36 per share in the same quarter last year. The net loss in the most recent quarter included $92 million in special charges, $11 million of which was related to the grounding of Boeing's 787 Dreamliner.
Revenue rose 1.4 percent to $8.72 billion. United said was able to improve per-passenger revenue across its network despite a decrease in traffic overall. That's an indication of higher ticket prices or fees. The airline last week increased the penalty for changing a flight's itinerary to $200 from $150. US Airways followed, instituting a $200 fee Wednesday.