United Posts 4Q Loss, profit for the year

[FA Mikey]

The parent of United Airlines said Tuesday it lost $61 million in the fourth quarter, but UAL Corp. still managed to post a $25 million profit in the 11 months since emerging from bankruptcy protection in February.

 

[Cosmo]

You can read United's fourth quarter financial press release here.

And a few other numbers are shown below (in millions and excluding reorganization items):

4Q 2006 Operating Profit $23
4Q 2005 Operating Loss -$182

4Q 2006 Net Loss -$61
4Q 2005 Net Loss -$297

Full Year 2006 Operating Profit $447
Full Year 2005 Operating Loss -$219

Full Year 2006 Net Loss -$58
Full Year 2005 Net Loss -$575

All in all, it's a pretty good improvement. But more work still needs to be done so United can regularly show quarterly and annual net profits in 2007 and later years.

 

[bigbusdrvr]

You can read United's fourth quarter financial press release here.

And a few other numbers are shown below (in millions and excluding reorganization items):

4Q 2006 Operating Profit $23
4Q 2005 Operating Loss -$182

4Q 2006 Net Loss -$61
4Q 2005 Net Loss -$297

Full Year 2006 Operating Profit $447
Full Year 2005 Operating Loss -$219

Full Year 2006 Net Loss -$58
Full Year 2005 Net Loss -$575

All in all, it's a pretty good improvement. But more work still needs to be done so United can regularly show quarterly and annual net profits in 2007 and later years.

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Any profit in this bussiness is a good profit!!

Highly deserving of , "Congratulations"!!

Ya'll earned it........

 

[Itestwell]

Wow that is impressive. Nice job!

 

[UAL_TECH]

Impressive, they screwed their employees (middle mgt & down), creditors, and stock holders.

What a proud achievement.