21 July 2009

UAL Corporation reports net profit

UAL Corporation reported a second quarter net loss of $323 million excluding non-cash, net mark-to-market hedge gains and certain accounting charges. The company reported a GAAP net profit of $28 million including these items. UAL announced an additional international capacity reduction of 7% for the last four months of 2009.

Continental Airlines announces second quarter loss

Continental Airlines reported a second quarter 2009 net loss of $213 million. Excluding $44 million of previously announced special charges, Continental recorded a net loss of $169 million. Second quarter results were adversely affected by significant declines in high yield traffic as many business travelers curtailed travel or purchased lower yield economy tickets due to …

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