UAL Corporation reports fourth quarter 2009 results

UAL Corporation, the holding company whose primary subsidiary is United Airlines, reported results for the fourth quarter ended Dec. 31, 2009. The company reported a fourth quarter net loss of $176 million, excluding non-cash, net mark-to-market hedge gains and certain accounting charges, narrowing its net loss by $391 million compared to the fourth quarter of 2008. The company reported a GAAP net loss of $240 million.